Abbreviated Company Accounts - ELMSLEIGH LEARNING & DEVELOPMENT LIMITED

ELMSLEIGH LEARNING & DEVELOPMENT LIMITED - Company Information

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Registered Number 05904964

ELMSLEIGH LEARNING & DEVELOPMENT LIMITED

Abbreviated Accounts

30 September 2014

ELMSLEIGH LEARNING & DEVELOPMENT LIMITED Registered Number 05904964

Abbreviated Balance Sheet as at 30 September 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	137,500	250,000
Tangible assets	3	5,583	-
		143,083	250,000
Current assets
Debtors		13,672	5,312
Cash at bank and in hand		43,181	42,081
		56,853	47,393
Creditors: amounts falling due within one year		(142,706)	(269,334)
Net current assets (liabilities)		(85,853)	(221,941)
Total assets less current liabilities		57,230	28,059
Total net assets (liabilities)		57,230	28,059
Capital and reserves
Called up share capital	4	600	600
Profit and loss account		56,630	27,459
Shareholders' funds		57,230	28,059

For the year ending 30 September 2014 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.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 30 June 2015

And signed on their behalf by:
K A Isherwood, Director

ELMSLEIGH LEARNING & DEVELOPMENT LIMITED Registered Number 05904964

Notes to the Abbreviated Accounts for the period ended 30 September 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover comprises revenue recognised by the company in respect of online examination, education and assessment services provided to customers during the year, exclusive of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases ;

Plant & machinery : 33% Straight line

Intangible assets amortisation policy
Intangible assets consists of goodwill which is being written off over a period of twenty years on a straight line basis.

Other accounting policies
Going Concern

The directors have considered the prospects of the business for the twelve months from the date of approval of the financial statements and believe that with their the continued support the company has adequate financial resources to continue to meet its liabilities and obligations as they fall due. As a consequence, the directors are of the opinion that it is appropriate to continue to prepare the financial statements on a going concern basis.

2Intangible fixed assets

	£
Cost
At 1 October 2013	250,000
Additions	0
Disposals	0
Revaluations	0
Transfers	-
At 30 September 2014	250,000
Amortisation
At 1 October 2013	0
Charge for the year	112,500
On disposals	0
At 30 September 2014	112,500
Net book values
At 30 September 2014	137,500
At 30 September 2013	250,000

3Tangible fixed assets

	£
Cost
At 1 October 2013	7,434
Additions	8,040
Disposals	0
Revaluations	0
Transfers	0
At 30 September 2014	15,474
Depreciation
At 1 October 2013	7,434
Charge for the year	2,457
On disposals	0
At 30 September 2014	9,891
Net book values
At 30 September 2014	5,583
At 30 September 2013	0

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
600 Ordinary shares of £1 each	600	600

5Transactions with directors

Name of director receiving advance or credit:	K M Foreman
Description of the transaction:	Directors loan
Balance at 1 October 2013:	£ 38,467
Advances or credits made:	-
Advances or credits repaid:	-
Balance at 30 September 2014:	£ 38,467

Name of director receiving advance or credit:	K A Isherwood
Description of the transaction:	Directors loan
Balance at 1 October 2013:	£ 15,166
Advances or credits made:	-
Advances or credits repaid:	£ 15,000
Balance at 30 September 2014:	£ 166

Name of director receiving advance or credit:	K C Johnson
Description of the transaction:	Directors Loan
Balance at 1 October 2013:	£ 21,500
Advances or credits made:	-
Advances or credits repaid:	-
Balance at 30 September 2014:	£ 21,500

Name of director receiving advance or credit:	J G Sherlock
Description of the transaction:	Directors loan
Balance at 1 October 2013:	£ 53,500
Advances or credits made:	-
Advances or credits repaid:	£ 31,500
Balance at 30 September 2014:	£ 22,000

Name of director receiving advance or credit:	R C Wood
Description of the transaction:	Directors loan
Balance at 1 October 2013:	£ 20,967
Advances or credits made:	-
Advances or credits repaid:	-
Balance at 30 September 2014:	£ 20,967

Name of director receiving advance or credit:	A D Nemes
Description of the transaction:	Directors loan
Balance at 1 October 2013:	£ 60,500
Advances or credits made:	-
Advances or credits repaid:	£ 31,500
Balance at 30 September 2014:	£ 29,000