Registered Number 05954105

ACADEMIC ENTERPRISES LIMITED

Abbreviated Accounts

31 December 2014

ACADEMIC ENTERPRISES LIMITED Registered Number 05954105

Abbreviated Balance Sheet as at 31 December 2014

Notes 31/12/2014 31/10/2013
£ £
Fixed assets
Tangible assets 2 2,794 4,737
2,794 4,737
Current assets
Debtors 36,000 38,125
Cash at bank and in hand 13,515 6,254
49,515 44,379
Creditors: amounts falling due within one year (51,744) (48,404)
Net current assets (liabilities) (2,229) (4,025)
Total assets less current liabilities 565 712
Provisions for liabilities - (118)
Total net assets (liabilities) 565 594
Capital and reserves
Called up share capital 3 100 100
Profit and loss account 465 494
Shareholders' funds 565 594
  • 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 29 September 2015

And signed on their behalf by:
JOANNE GALLOWAY, Director

ACADEMIC ENTERPRISES LIMITED Registered Number 05954105

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 amounts receivable for goods and services net of VAT and trade discounts.

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

Fixtures, fittings & equipment 3 years straight line
Motor vehicles 25% reducing balance

2Tangible fixed assets
£
Cost
At 1 November 2013 32,335
Additions -
Disposals -
Revaluations -
Transfers -
At 31 December 2014 32,335
Depreciation
At 1 November 2013 27,598
Charge for the year 1,943
On disposals -
At 31 December 2014 29,541
Net book values
At 31 December 2014 2,794
At 31 October 2013 4,737
3Called Up Share Capital
Allotted, called up and fully paid:
31/12/2014
£
31/10/2013
£
100 Ordinary shares of £1 each 100 100