Academic Choice Limited Small abridged accounts
Academic Choice Limited Small abridged accounts
Statement of Consent to Prepare Abridged Financial Statements |
COMPANY REGISTRATION NUMBER:
6971501
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Abridged Financial Statements |
Year ended 31st July 2017
Contents |
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Officers and professional advisers |
1 |
Accountants report to the director on the preparation of the unaudited statutory abridged financial statements |
2 |
Abridged statement of financial position |
3 |
Notes to the abridged financial statements |
4 |
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Officers and Professional Advisers |
Director |
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Company Secretary |
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Registered Office |
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West Midlands |
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Accountants |
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Accountants |
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The White House |
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Station Road |
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West Hagley |
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Stourbridge |
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West Midlands |
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DY9 ONU |
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Bankers |
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134 High Street |
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Stourbridge |
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West Midlands |
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DY8 1DS |
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Accountants Report to the Director on the Preparation of the Unaudited Statutory Abridged Financial Statements of
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Year ended 31st July 2017
The White House
Station Road
West Hagley
Stourbridge
West Midlands
DY9 ONU
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Abridged Statement of Financial Position |
2017 |
2016 |
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Note |
£ |
£ |
£ |
Fixed assets
Tangible assets |
5 |
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Current assets
Debtors |
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Cash at bank and in hand |
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--------- |
--------- |
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Creditors: amounts falling due within one year |
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--------- |
--------- |
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Net current assets |
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-------- |
-------- |
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Total assets less current liabilities |
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-------- |
-------- |
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Net assets |
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-------- |
-------- |
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Capital and reserves
Called up share capital |
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Share premium account |
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Profit and loss account |
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-------- |
-------- |
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Shareholders funds |
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-------- |
-------- |
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In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
Director's responsibilities:
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The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476
;
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
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These abridged financial statements were approved by the
board of directors
and authorised for issue on
30 November 2017
, and are signed on behalf of the board by:
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Director |
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Company registration number:
6971501
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Notes to the Abridged Financial Statements |
Year ended 31st July 2017
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is First Floor, The White House, Station Road, West Hagley, Stourbridge, DY9 0NU, West Midlands.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Transition to FRS 102
The entity transitioned from previous UK GAAP to FRS 102 as at 1st August 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 8.
Revenue recognition
Income tax
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment |
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Impairment of fixed assets
Financial instruments
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
4
(2016:
4
).
5.
Tangible assets
£ |
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Cost |
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At 1st August 2016 |
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Additions |
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------- |
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At 31st July 2017 |
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------- |
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Depreciation |
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At 1st August 2016 |
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Charge for the year |
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------- |
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At 31st July 2017 |
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------- |
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Carrying amount |
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At 31st July 2017 |
2,578 |
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At 31st July 2016 |
3,097 |
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6.
Director's advances, credits and guarantees
At the balance sheet date
Mr R L Thomas
's loan account was £5,000 overdrawn. The monies will be repaid within nine months.
7.
Related party transactions
8.
Transition to FRS 102
These are the first abridged financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1st August 2015.
No transitional adjustments were required in equity or profit or loss for the year.