Academy of Sinology UK - Accounts to registrar (filleted) - small 17.3
Academy of Sinology UK - Accounts to registrar (filleted) - small 17.3
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 10 JUNE 2016 TO 31 JULY 2017 |
FOR |
ACADEMY OF SINOLOGY UK |
ACADEMY OF SINOLOGY UK (REGISTERED NUMBER: 10226119) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 10 JUNE 2016 TO 31 JULY 2017 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
ACADEMY OF SINOLOGY UK |
COMPANY INFORMATION |
FOR THE PERIOD 10 JUNE 2016 TO 31 JULY 2017 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
24 Lammas Street |
Carmarthen |
Carmarthenshire |
SA31 3AL |
ACADEMY OF SINOLOGY UK (REGISTERED NUMBER: 10226119) |
ABRIDGED BALANCE SHEET |
31 JULY 2017 |
£ |
CURRENT ASSETS |
Debtors |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
RESERVES |
Income and expenditure account | ( |
) |
( |
) |
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 surplus or deficit 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors on |
ACADEMY OF SINOLOGY UK (REGISTERED NUMBER: 10226119) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 10 JUNE 2016 TO 31 JULY 2017 |
1. | STATUTORY INFORMATION |
Academy of Sinology UK is a |
company's registered number and registered office address can be found on the Company Information page. |
2. | ACCOUNTING POLICIES |
BASIS OF PREPARING THE FINANCIAL STATEMENTS |
As at 31 July 2017 the Company's current liabilities exceeded its current assets by £162,095. The directors have |
forecast a breakeven position going forward and as such the directors consider the going concern basis adopted |
for the preparation of the financial statements to be appropriate. |
TURNOVER |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
TAXATION |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to |
the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
substantively enacted by the balance sheet date. |
DEFERRED TAX |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from |
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that |
have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the |
timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they |
will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
HIRE PURCHASE AND LEASING COMMITMENTS |
Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the |
lease. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |