Accounts Submission

ACADEMY OF IDEAS LTD - Company Information

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Company Registration Number:
03953146 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2020

Period of accounts

Start date: 01 April 2019

End date: 31 March 2020

Contents of the Financial Statements

for the Period Ended 31 March 2020


Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

Directors' Report Period Ended 31 March 2020

The directors present their report with the financial statements of the company for the period ended 31 March 2020

Principal Activities

The principal activities of the company are conference organisation, education and publishing.

Political and charitable donations

The company's charitable donations during the period amounted to £27,500. No political donations were made

Directors

The directors shown below have held office during the whole of the period from 01 April 2019 to 31 March 2020
Claire Fox

Secretary
Claire Fox

This report was approved by the board of directors on 20 December 2020
And Signed On Behalf Of The Board By:

Name: Claire Fox
Status: Director

Profit and Loss Account

for the Period Ended 31 March 2020

	2020 £	2019 £
Gross Profit or (Loss)	122,490	100,346
Distribution Costs	( 0 )	( 0 )
Administrative Expenses	( 99,158 )	( 110,700 )
Operating Profit or (Loss)	23,332	( 10,354 )
Interest Receivable and Similar Income	40	43
Interest Payable and Similar Charges	( 0 )	( 3,319 )
Profit or (Loss) Before Tax	23,372	( 13,630 )
Tax on Profit	( 1,850 )	( 0 )
Profit or (Loss) for Period	21,522	( 13,630 )

The notes form part of these financial statements

Balance sheet

As at 31 March 2020

	Notes	2020 £	2019 £
Fixed assets
Intangible assets:	4	0	0
Tangible assets:	5	0	0
Total fixed assets:		0	0
Current assets
Stocks:		500	500
Debtors:		189,781	145,696
Cash at bank and in hand:		67,784	69,558
Total current assets:		258,065	215,754
Prepayments and accrued income:		0	20,114
Creditors: amounts falling due within one year:		( 59,321 )	( 58,647 )
Net current assets (liabilities):		198,744	177,221
Total assets less current liabilities:		198,744	177,221
Creditors: amounts falling due after more than one year:		( 0 )	( 0 )
Provision for liabilities:		( 0 )	( 0 )
Accruals and deferred income:		( 0 )	( 0 )
Total net assets (liabilities):		198,744	177,221

The notes form part of these financial statements

Balance sheet continued

As at 31 March 2020

	Notes	2020 £	2019 £
Capital and reserves
Called up share capital:		10,300	10,300
Revaluation reserve:	6	0	0
Profit and loss account:		188,444	166,921
Shareholders funds:		198,744	177,221

For the year ending 31 March 2020 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 20 December 2020
And Signed On Behalf Of The Board By:

Name: Claire Fox
Status: Director

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 March 2020

1. Accounting policies

Basis of measurement and preparation

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Notes to the Financial Statements

for the Period Ended 31 March 2020

2. Employees

	2020	2019
Average number of employees during the period	6	6

Notes to the Financial Statements

for the Period Ended 31 March 2020

3. Off balance sheet disclosure

No

Notes to the Financial Statements

for the Period Ended 31 March 2020

4. Intangible assets

	Total
Cost	£
At 01 April 2019	0
Additions	0
Disposals	(0)
Revaluations	0
Transfers	0
At 31 March 2020	0
Amortisation
Amortisation at 01 April 2019	0
Charge for year	0
On disposals	(0)
Other adjustments	0
Amortisation at 31 March 2020	0
Net book value
Net book value at 31 March 2020	0
Net book value at 31 March 2019	0

Notes to the Financial Statements

for the Period Ended 31 March 2020

5. Tangible Assets

	Total
Cost	£
At 01 April 2019	4,753
Additions	0
Disposals	(0)
Revaluations	0
Transfers	0
At 31 March 2020	4,753
Depreciation
At 01 April 2019	4,753
Charge for year	0
On disposals	(0)
Other adjustments	0
At 31 March 2020	4,753
Net book value
At 31 March 2020	0
At 31 March 2019	0

Notes to the Financial Statements

for the Period Ended 31 March 2020

6. Revaluation reserve

	2020 £
Balance at 01 April 2019	0
Surplus or deficit after revaluation	0
Balance at 31 March 2020	0

Director:		Claire Fox


Secretary:		Claire Fox


Registered office:		Unit 208, Cocoa Studios The Biscuit Factory Drummond Road London England SE16 4DG


Company Registration Number:		03953146 (England and Wales)

Accounts Submission