Registered Number 03916116

ACADEMY CONTRACTORS LIMITED

Abbreviated Accounts

31 December 2014

ACADEMY CONTRACTORS LIMITED Registered Number 03916116

Abbreviated Balance Sheet as at 31 December 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 5,132 6,311
5,132 6,311
Current assets
Stocks 34,912 15,269
Debtors 48,617 26,049
Cash at bank and in hand - 5,651
83,529 46,969
Creditors: amounts falling due within one year (74,638) (38,307)
Net current assets (liabilities) 8,891 8,662
Total assets less current liabilities 14,023 14,973
Provisions for liabilities (400) (510)
Total net assets (liabilities) 13,623 14,463
Capital and reserves
Called up share capital 3 80 80
Profit and loss account 13,543 14,383
Shareholders' funds 13,623 14,463
  • For the year ending 31 December 2014 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 18 August 2015

And signed on their behalf by:
P K F High, Director

ACADEMY CONTRACTORS LIMITED Registered Number 03916116

Notes to the Abbreviated Accounts for the period ended 31 December 2014

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 the total invoice value, excluding value added tax, of sales made during the year.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Plant and machinery - 25% Reducing Balance
Fixtures, fittings
and equipment - 25% Reducing Balance
Motor vehicles - 25% Reducing Balance

2Tangible fixed assets
£
Cost
At 1 January 2014 18,304
Additions 534
Disposals -
Revaluations -
Transfers -
At 31 December 2014 18,838
Depreciation
At 1 January 2014 11,993
Charge for the year 1,713
On disposals -
At 31 December 2014 13,706
Net book values
At 31 December 2014 5,132
At 31 December 2013 6,311
3Called Up Share Capital
Allotted, called up and fully paid:
2014
£
2013
£
80 Ordinary shares of £1 each 80 80