Registered Number 04391901

ACADEMY LIFTS LIMITED

Abbreviated Accounts

31 March 2016

ACADEMY LIFTS LIMITED Registered Number 04391901

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 7,930 8,367
7,930 8,367
Current assets
Stocks 8,754 9,100
Debtors 250,605 298,461
Cash at bank and in hand 36 36
259,395 307,597
Creditors: amounts falling due within one year (164,523) (231,101)
Net current assets (liabilities) 94,872 76,496
Total assets less current liabilities 102,802 84,863
Creditors: amounts falling due after more than one year - (13,452)
Total net assets (liabilities) 102,802 71,411
Capital and reserves
Called up share capital 100 100
Profit and loss account 102,702 71,311
Shareholders' funds 102,802 71,411
  • For the year ending 31 March 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 3 October 2016

And signed on their behalf by:
P Johnson, Director

ACADEMY LIFTS LIMITED Registered Number 04391901

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided at various annual rates in order to write off each asset over its estimated useful life.

2Tangible fixed assets
£
Cost
At 1 April 2015 56,487
Additions 2,077
Disposals -
Revaluations -
Transfers -
At 31 March 2016 58,564
Depreciation
At 1 April 2015 48,120
Charge for the year 2,514
On disposals -
At 31 March 2016 50,634
Net book values
At 31 March 2016 7,930
At 31 March 2015 8,367

3Transactions with directors

Name of director receiving advance or credit: P Johnson
Description of the transaction: Directors advances, credits and Guarantees
Balance at 1 April 2015: £ 157,417
Advances or credits made: -
Advances or credits repaid: £ 20,000
Balance at 31 March 2016: £ 137,417

Beneficial interested, at market rates, is treated as a benefit in kind in the director's personal tax affairs.