Academy Cleaning & Maintenance Limited

Academy Cleaning & Maintenance Limited
Registered number:		03486072
Balance Sheet
as at 31 December 2016

	Notes		2016			2015
£				£
Fixed assets
Tangible assets	3		2,775			3,699

Current assets
Stocks		1,725			1,850
Debtors	4	174,599			126,960
Cash at bank and in hand		18,004			19,007
		194,328			147,817

Creditors: amounts falling due within one year	5	(108,435)			(94,859)

Net current assets			85,893			52,958

Total assets less current liabilities			88,668			56,657

Creditors: amounts falling due after more than one year	6		(49,857)			(56,542)

Net assets			38,811			115

Capital and reserves
Called up share capital			2			2
Profit and loss account			38,809			113

Shareholders' funds			38,811			115

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




C A Yuraszek
Director
Approved by the board on 28 June 2017

Academy Cleaning & Maintenance Limited
Notes to the Accounts
for the year ended 31 December 2016

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Motor vehicles	25% reducing balance basis
	Equiment	25% reducing balance basis

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2016		2015
Number					Number

	Average number of persons employed by the company			82		77


3	Tangible fixed assets
		Equipment		Motor vehicles		Total
£			£		£
	Cost
	At 1 January 2016	60,112		42,186		102,298
	At 31 December 2016	60,112		42,186		102,298

	Depreciation
	At 1 January 2016	59,295		39,304		98,599
	Charge for the year	204		720		924
	At 31 December 2016	59,499		40,024		99,523

	Net book value
	At 31 December 2016	613		2,162		2,775
	At 31 December 2015	817		2,882		3,699


4	Debtors			2016		2015
£					£

	Trade debtors			68,469		48,885
	Other debtors			106,130		78,075
				174,599		126,960


5	Creditors: amounts falling due within one year			2016		2015
£					£

	Bank loans and overdrafts			37,212		19,761
	Trade creditors			19,652		22,175
	Corporation tax			7,203		7,281
	Other taxes and social security costs			44,368		45,642
				108,435		94,859


6	Creditors: amounts falling due after one year			2016		2015
£					£

	Bank loans			49,857		56,542


7	Other information

	Academy Cleaning & Maintenance Limited is a private company limited by shares and incorporated in England. Its registered office is 241 Chertsey Road, Academy House, Addlestone, Surrey KT15 2EW.