REGISTERED NUMBER: 06761343 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 November 2014

for

Academy For Growth Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

R N Brewin

P J Finlay

S T Hackney

REGISTERED OFFICE:

Springfield House

Water Lane

Wilmslow

Cheshire

SK9 5BG

REGISTERED NUMBER:

06761343 (England and Wales)

ACCOUNTANTS:

The Chartwell Practice

Chartwell House

4 St. Paul's Square

Burton-on-Trent

Staffordshire

DE14 2EF

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

4,189

8,167

4,189

8,167

CURRENT ASSETS

Debtors

270,588

144,559

Cash at bank and in hand

22,184

103,471

292,772

248,030

CREDITORS

Amounts falling due within one year

251,736

131,979

NET CURRENT ASSETS

41,036

116,051

TOTAL ASSETS LESS CURRENT LIABILITIES

45,225

124,218

CREDITORS

Amounts falling due after more than one year

105,480

77,732

NET (LIABILITIES)/ASSETS

(60,255

)

46,486

CAPITAL AND RESERVES

Called up share capital

4

50,100

50,000

Profit and loss account

(110,355

)

(3,514

)

SHAREHOLDERS' FUNDS

(60,255

)

46,486

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2014 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 16 June 2015 and were signed on its behalf by:

R N Brewin - Director

P J Finlay - Director

S T Hackney - 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 April 2008).

Turnover

Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work

carried out in the respect of services provided to customers.

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

-

33% straight line

Deferred tax

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

sheet date.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2013

and 30 November 2014

103,011

AMORTISATION

At 1 December 2013

and 30 November 2014

103,011

NET BOOK VALUE

At 30 November 2014

-

At 30 November 2013

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2013

18,538

Additions

1,443

At 30 November 2014

19,981

DEPRECIATION

At 1 December 2013

10,371

Charge for year

5,421

At 30 November 2014

15,792

NET BOOK VALUE

At 30 November 2014

4,189

At 30 November 2013

8,167

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.14

30.11.13

value:

as restated

£

£

50,000

Ordinary

£1

50,000

50,000

100

Ordinary B

£1

100

-

50,100

50,000

100 Ordinary B shares of £1 each were allotted and fully paid for cash at par during the year.