REGISTERED NUMBER: 06090864 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2018

for

Academic Solutions (Uk) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Miss J Trivett

SECRETARY:

Miss C L Gill

REGISTERED OFFICE:

43 Temple Row

Birmingham

West Midlands

B2 5LS

REGISTERED NUMBER:

06090864 (England and Wales)

ACCOUNTANTS:

Sence Accounting Limited

57 High Street

Ibstock

Leicestershire

LE67 6LH

FIXED ASSETS

Tangible assets

4

7,417

13,996

CURRENT ASSETS

Debtors

5

394,004

273,305

Cash at bank

20,522

14,162

414,526

287,467

CREDITORS

Amounts falling due within one year

6

379,546

294,911

NET CURRENT ASSETS/(LIABILITIES)

34,980

(7,444

)

TOTAL ASSETS LESS CURRENT LIABILITIES

42,397

6,552

PROVISIONS FOR LIABILITIES

995

2,262

NET ASSETS

41,402

4,290

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

41,302

4,190

SHAREHOLDERS' FUNDS

41,402

4,290

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 19 September 2018 and were signed by:

Miss J Trivett - Director

1.	STATUTORY INFORMATION

Academic Solutions (Uk) Ltd is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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 etc

-

33% on cost and 25% on reducing balance

Taxation

Taxation for the year 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 year 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 profit or loss on a straight line basis over the period of the lease.

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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2017 - 20 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2017

47,047

Additions

1,291

At 28 February 2018

48,338

DEPRECIATION

At 1 March 2017

33,051

Charge for year

7,870

At 28 February 2018

40,921

NET BOOK VALUE

At 28 February 2018

7,417

At 28 February 2017

13,996

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.18

28.2.17

£

£

Trade debtors

391,819

268,905

Other debtors

2,185

4,400

394,004

273,305

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.18

28.2.17

£

£

Bank loans and overdrafts

242,156

208,795

Trade creditors

3,166

6,674

Taxation and social security

82,580

71,111

Other creditors

51,644

8,331

379,546

294,911

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.18

28.2.17

value:

£

£

100

Ordinary

£1.00

100

100

8.	ULTIMATE CONTROLLING PARTY

The company is not under the control of any particular party.