Abbreviated Company Accounts - AKADEMIE STREET EDITING LIMITED

Abbreviated Company Accounts - AKADEMIE STREET EDITING LIMITED

AKADEMIE STREET EDITING LIMITED - Company Information

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Registered Number 07655850

AKADEMIE STREET EDITING LIMITED

Abbreviated Accounts

30 September 2016

AKADEMIE STREET EDITING LIMITED Registered Number 07655850

Abbreviated Balance Sheet as at 30 September 2016

Notes 2016 2015
£ £
Current assets
Debtors - 30,582
Cash at bank and in hand 147 -
147 30,582
Creditors: amounts falling due within one year (2,271) (12,694)
Net current assets (liabilities) (2,124) 17,888
Total assets less current liabilities (2,124) 17,888
Total net assets (liabilities) (2,124) 17,888
Capital and reserves
Called up share capital 2 1 1
Profit and loss account (2,125) 17,887
Shareholders' funds (2,124) 17,888
  • For the year ending 30 September 2016 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 12 June 2017

And signed on their behalf by:
Ms Clare Broadhurst, Director

AKADEMIE STREET EDITING LIMITED Registered Number 07655850

Notes to the Abbreviated Accounts for the period ended 30 September 2016

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 January 2015).

Turnover policy
Turnover represents the total value of work, excluding value added tax, performed during the year with respect to services.

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

Fixtures, fittings and equipment- 25% reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation.

Other accounting policies
Deferred Tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more, tax.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange prevailing at the accounting date. Transactions in foreign currencies are recorded at the date of the transactions. All differences are taken to the profit and loss account.

2Called Up Share Capital
Allotted, called up and fully paid:
2016
£		 2015
£
1 Ordinary shares of £1 each 1 1

3Transactions with directors

Name of director receiving advance or credit: Ms C Broadhurst
Description of the transaction: Interest free loan
Balance at 1 October 2015: £ 17,074
Advances or credits made: £ 186
Advances or credits repaid: £ 17,260
Balance at 30 September 2016: £ 0

During the year the director received an interest free loan from the Company. This was repaid in March 2016.