Academy Builders & Development Limited - Limited company - abbreviated

ACADEMY BUILDERS & DEVELOPMENT LIMITED

Abbreviated Unaudited Accounts

For The Year Ended 31st March 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

D Irons

SECRETARY:

A M Goff

REGISTERED OFFICE:

1-5 Nelson Street

Southend on Sea

Essex

SS1 1EG

REGISTERED NUMBER:

02282440

FIXED ASSETS

Tangible assets

2

53,336

53,374

CREDITORS

Amounts falling due within one year

(16,038

)

(18,365

)

NET CURRENT LIABILITIES

(16,038

)

(18,365

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

37,298

35,009

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

37,198

34,909

SHAREHOLDERS' FUNDS

37,298

35,009

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 12th December 2014 and were signed by:

D Irons - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

In the opinion of the directors, it remains appropriate to continue to adopt the going concern basis of accounting.

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 April 2008).

Turnover

Turnover represents net invoiced sales of 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.

Fixtures and fittings

-

10% on reducing balance

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2013

and 31st March 2014

55,254

DEPRECIATION

At 1st April 2013

1,880

Charge for year

38

At 31st March 2014

1,918

NET BOOK VALUE

At 31st March 2014

53,336

At 31st March 2013

53,374

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

100

Ordinary

£1

100

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the year end, the balance on the loan account of the director Mr D. Irons was £15,598 (2013: £17,847).

5.	ULTIMATE CONTROLLING PARTY

During the current and previous financial years, the company has remained under the control of the director Mr.

D. Irons by virtue of his holding all the company's issued ordinary shares.