Registration number:
The Academy Of Service Excellence Limited
for the Year Ended 30 April 2017
Filleted
Chartered Accountants
2 Heap Bridge
Bury
Lancashire
BL9 7HR
The Academy Of Service Excellence Limited
Contents
Company Information |
|
Balance Sheet |
|
Notes to the Financial Statements |
The Academy Of Service Excellence Limited
Company Information
Directors |
C Daffy J Daffy |
Company secretary |
J Daffy |
Registered office |
|
Accountants |
|
Page 1 |
The Academy Of Service Excellence Limited
(Registration number: 03772348)
Balance Sheet as at 30 April 2017
Note |
2017 |
2016 |
|
Current assets |
|||
Debtors |
|
|
|
Cash at bank and in hand |
|
|
|
|
|
||
Creditors: Amounts falling due within one year |
( |
( |
|
Net assets |
|
|
|
Capital and reserves |
|||
Called up share capital |
|
|
|
Profit and loss account |
|
|
|
Total equity |
|
|
For the financial year ending 30 April 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
|
• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
.........................................
C Daffy
Director
Page 2 |
The Academy Of Service Excellence Limited
Notes to the Financial Statements for the Year Ended 30 April 2017
General information |
The company is a private company limited by share capital incorporated in England and wales.
The address of its registered office is:
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Summary of disclosure exemptions
The company meets the definition of a qualifying entity under FRS 102 and has therefore taken advantage of the disclosure exemptions available to it in respect of its separate financial statements. Exemptions have been taken in these financial statements in relation to presentation of a cashflow statement and disclosure of intra-group related party transactions..
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Page 3 |
The Academy Of Service Excellence Limited
Notes to the Financial Statements for the Year Ended 30 April 2017
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Debtors |
2017 |
2016 |
|
Trade debtors |
|
|
Other debtors |
|
|
Total current trade and other debtors |
|
|
Page 4 |
The Academy Of Service Excellence Limited
Notes to the Financial Statements for the Year Ended 30 April 2017
Creditors |
Note |
2017 |
2016 |
|
Due within one year |
|||
Bank loans and overdrafts |
- |
|
|
Trade creditors |
|
|
|
Other creditors |
|
|
|
|
|
Loans and borrowings |
2017 |
2016 |
|
Current loans and borrowings |
||
Bank overdrafts |
- |
|
Parent and ultimate parent undertaking |
The company is controlled by the directors who own 100% of the called up share capital.
Page 5 |
The Academy Of Service Excellence Limited
Notes to the Financial Statements for the Year Ended 30 April 2017
Transition to FRS 102 |
This is the first year that the company has presented its financial statements under Financial Reporting Standard 102 (FRS 102) issued by the Financial Reporting Council. The last financial statements under previous UK GAAP were for the year ended 30 April 2016 and the date of transition was therefore 1 May 2015. The application of FRS 102 had no material impact on the financial statements as prepared under UK GAAP.
Page 6 |