Active English Academy Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 06406862 (England and Wales)

Active English Academy Limited

Abbreviated Unaudited Accounts

For The Year Ended 31 December 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Ms N Harrap

J A G Lajugie

F Pfeiffer

REGISTERED OFFICE:

Suite 3d Brook House

64/72 Spring Gardens

Manchester

M2 2BQ

REGISTERED NUMBER:

06406862 (England and Wales)

ACCOUNTANTS:

Lloyd Piggott Limited

Chartered Accountants

Wellington House

39/41 Piccadilly

Manchester

M1 1LQ

FIXED ASSETS

Intangible assets

2

563,750

646,250

Tangible assets

3

6,053

3,816

Investments

4

-

12

569,803

650,078

CURRENT ASSETS

Debtors

54,819

45,225

Cash at bank and in hand

156,641

137,722

211,460

182,947

CREDITORS

Amounts falling due within one year

166,133

282,966

NET CURRENT ASSETS/(LIABILITIES)

45,327

(100,019

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

615,130

550,059

CREDITORS

Amounts falling due after more than one
year

1,034,656

930,544

NET LIABILITIES

(419,526

)

(380,485

)

CAPITAL AND RESERVES

Called up share capital

5

2

Profit and loss account

(419,528

)

(380,487

)

SHAREHOLDERS' FUNDS

(419,526

)

(380,485

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 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 5 July 2016 and were signed on its
behalf by:

Ms N Harrap - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on the going concern basis, which assumes that the

company will continue in operational existence for the foreseeable future. The parent company will

continue to provide financial assistance and as such the directors believe it is appropriate to prepare

the accounts on going concern basis.

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 January 2015).

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

25% on cost

Fixtures and fittings

-

20% on cost

Computer equipment

-

33% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at

the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of

exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at

the operating result.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

and 31 December 2015

825,000

AMORTISATION

At 1 January 2015

178,750

Amortisation for year

82,500

At 31 December 2015

261,250

NET BOOK VALUE

At 31 December 2015

563,750

At 31 December 2014

646,250

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

7,744

Additions

5,595

At 31 December 2015

13,339

DEPRECIATION

At 1 January 2015

3,928

Charge for year

3,358

At 31 December 2015

7,286

NET BOOK VALUE

At 31 December 2015

6,053

At 31 December 2014

3,816

4.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 January 2015

12

Disposals

(12

)

At 31 December 2015

-

NET BOOK VALUE

At 31 December 2015

-

At 31 December 2014

12

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

200

Ordinary

£0.01

2

During the year the two ordinary shares of £1 each were split into two hundred shares of £0.01 each.

6.	ULTIMATE PARENT COMPANY

Accord Language Schools Limited (incorporated in England & Wales ) is regarded by the directors as

being the company's ultimate parent company.