BATH_ACADEMY_LIMITED - Accounts

BATH ACADEMY LIMITED - Company Information

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Company Registration No. 03025819 (England and Wales)

BATH ACADEMY LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2015

BATH ACADEMY LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

BATH ACADEMY LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 JUNE 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

32,512

37,450

Current assets

Debtors

363,383

301,438

Cash at bank and in hand

37,403

214,158

400,786

515,596

Creditors: amounts falling due within one year

(418,405)

(614,587)

Net current liabilities

(17,619)

(98,991)

Total assets less current liabilities

14,893

(61,541)

Provisions for liabilities

(5,973)

(6,844)

8,920

(68,385)

Capital and reserves

Called up share capital

100

Profit and loss account

8,820

(68,485)

Shareholders' funds

8,920

(68,385)

For the financial year ended 30 June 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

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

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 16 March 2016

D T P Game

Director

Company Registration No. 03025819

BATH ACADEMY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Leasehold

Over the term of the lease

Fixtures, fittings & equipment

15% per annum

1.5

Revenue recognition

Income is recognised to the extent that it relates to services provided during the year. Income invoiced in advance and deposits received are deferred to the period in which the service is provided.

1.6

Deferred taxation

Deferred taxation is provided at appropriate rates on all timing differences using the liability method only to the extent that, in the opinion of the directors, there is a reasonable probability that a liability or asset will crystallise in the foreseeable future.

BATH ACADEMY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2015

- 3 -

Fixed assets

Tangible assets

Cost

At 1 July 2014

158,607

Additions

680

At 30 June 2015

159,287

Depreciation

At 1 July 2014

121,157

Charge for the year

5,618

At 30 June 2015

126,775

Net book value

At 30 June 2015

32,512

At 30 June 2014

37,450

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary Shares of £1 each

100