Registered Number NI008778

ACADEMY LITHOPLATES LIMITED

Abbreviated Accounts

31 March 2015

ACADEMY LITHOPLATES LIMITED Registered Number NI008778

Abbreviated Balance Sheet as at 31 March 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 99,941 54,420
99,941 54,420
Current assets
Stocks 31,929 31,341
Debtors 176,509 158,897
Cash at bank and in hand 26,713 6,437
235,151 196,675
Creditors: amounts falling due within one year (228,505) (130,376)
Net current assets (liabilities) 6,646 66,299
Total assets less current liabilities 106,587 120,719
Total net assets (liabilities) 106,587 120,719
Capital and reserves
Called up share capital 3 100,000 100,000
Profit and loss account 6,587 20,719
Shareholders' funds 106,587 120,719
  • For the year ending 31 March 2015 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 23 December 2015

And signed on their behalf by:
H D Graham, Director

ACADEMY LITHOPLATES LIMITED Registered Number NI008778

Notes to the Abbreviated Accounts for the period ended 31 March 2015

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
Tangible fixed assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible fixed assets, less their estimated residual value, over their expected useful lives as follows:

Land and buildings freehold - twenty
Plant and machinery - 12.5% Straight Line
Fixtures, fittings and equipment - 10% Straight Line
Motor vehicles - 20% Reducing Balance

2Tangible fixed assets
£
Cost
At 1 April 2014 991,435
Additions 74,035
Disposals -
Revaluations -
Transfers -
At 31 March 2015 1,065,470
Depreciation
At 1 April 2014 937,015
Charge for the year 28,514
On disposals -
At 31 March 2015 965,529
Net book values
At 31 March 2015 99,941
At 31 March 2014 54,420
3Called Up Share Capital
Allotted, called up and fully paid:
2015
£
2014
£
400,000 Ordinary shares of £0.25 each 100,000 100,000