REGISTERED NUMBER: 04570490 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2016

FOR

ACADEMY NETWORKS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

A F Crawford

S Torcy

SECRETARY:

Miss L Handley

REGISTERED OFFICE:

Bassett House

5 Southwell Park Road

Camberley

Surrey

GU15 3PU

REGISTERED NUMBER:

04570490 (England and Wales)

ACCOUNTANTS:

Butler & Co

Chartered Certified Accountants

Bassett House

5 Southwell Park Road

Camberley

Surrey

GU15 3PU

FIXED ASSETS

Tangible assets

2

1,524

2,032

CURRENT ASSETS

Stocks

219

219

Debtors

89,925

76,017

Cash at bank and in hand

71,284

69,747

161,428

145,983

CREDITORS

Amounts falling due within one year

159,822

145,400

NET CURRENT ASSETS

1,606

583

TOTAL ASSETS LESS CURRENT LIABILITIES

3,130

2,615

CAPITAL AND RESERVES

Called up share capital

3

100

100

Share premium

1,980

1,980

Profit and loss account

1,050

535

SHAREHOLDERS' FUNDS

3,130

2,615

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2016 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 30 April 2017 and were signed on its behalf by:

A F Crawford - Director

1.	ACCOUNTING POLICIES

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 the sale of hardware and software support services, excluding value added tax,

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

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

sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2015

and 31 October 2016

7,092

DEPRECIATION

At 1 November 2015

5,060

Charge for year

508

At 31 October 2016

5,568

NET BOOK VALUE

At 31 October 2016

1,524

At 31 October 2015

2,032

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

1

Ordinary

£1

100

100