Abbreviated Company Accounts - ACADEMIC ENTERPRISES LIMITED

Abbreviated Company Accounts - ACADEMIC ENTERPRISES LIMITED

ACADEMIC ENTERPRISES LIMITED - Company Information

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Registered Number 05954105

ACADEMIC ENTERPRISES LIMITED

Abbreviated Accounts

31 October 2013

ACADEMIC ENTERPRISES LIMITED Registered Number 05954105

Abbreviated Balance Sheet as at 31 October 2013

Notes 2013 2012
£ £
Fixed assets
Tangible assets 2 4,737 5,866
4,737 5,866
Current assets
Debtors 38,125 26,149
Cash at bank and in hand 6,254 46,251
44,379 72,400
Creditors: amounts falling due within one year (48,404) (43,789)
Net current assets (liabilities) (4,025) 28,611
Total assets less current liabilities 712 34,477
Provisions for liabilities (118) (118)
Total net assets (liabilities) 594 34,359
Capital and reserves
Called up share capital 100 100
Profit and loss account 494 34,259
Shareholders' funds 594 34,359
  • For the year ending 31 October 2013 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 2 December 2014

And signed on their behalf by:
Joanne Galloway, Director

ACADEMIC ENTERPRISES LIMITED Registered Number 05954105

Notes to the Abbreviated Accounts for the period ended 31 October 2013

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.

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).

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT 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 less estimated residual value of each asset over its expected useful life as follows:

Fixtures, fittings & equipment - 3 years straight line
Motor vehicles - 25% reducing balance

2Tangible fixed assets
£
Cost
At 1 November 2012 31,250
Additions 1,085
Disposals -
Revaluations -
Transfers -
At 31 October 2013 32,335
Depreciation
At 1 November 2012 25,384
Charge for the year 2,214
On disposals -
At 31 October 2013 27,598
Net book values
At 31 October 2013 4,737
At 31 October 2012 5,866