Academy Software Products Ltd - Limited company - abbreviated - 11.6

ACADEMY SOFTWARE PRODUCTS LTD

Abbreviated Unaudited Accounts for the Year Ended 31st October 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

S J Aitken

Ms J Aitken

G V Bennett

J Horsburgh

D C Tipple

SECRETARY:

Ms J Aitken

REGISTERED OFFICE:

c/o 59 The Avenue

Southampton

Hampshire

SO17 1XS

REGISTERED NUMBER:

07023933 (England and Wales)

ACCOUNTANTS:

Hall & Co

Chartered Accountants

59 The Avenue

Southampton

Hampshire

SO17 1XS

CURRENT ASSETS

Debtors

605,348

193,774

Cash at bank

-

329,643

605,348

523,417

CREDITORS

Amounts falling due within one year

-

190,585

NET CURRENT ASSETS

605,348

332,832

TOTAL ASSETS LESS CURRENT LIABILITIES

605,348

332,832

CAPITAL AND RESERVES

Called up share capital

2

100

100

Profit and loss account

605,248

332,732

SHAREHOLDERS' FUNDS

605,348

332,832

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 20th July 2015 and were signed on its behalf by:

G V Bennett - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Related party disclosures

The company is exempt under the terms of Financial Reporting Standard No 8 from disclosing related

party transactions with its parent company.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

£1

100

100

3.	ULTIMATE PARENT COMPANY

The ultimate parent undertaking of the company is Insource Limited.