Academy Cleaning Services (UK) Ltd
Registered number: 07273925
Balance Sheet
as at 31 March 2017
Notes 2017 2016
£ £
Fixed assets
Tangible assets 2 1,350 1,646
Current assets
Debtors 3 2,175 5,975
Cash at bank and in hand 10,858 7,934
13,033 13,909
Creditors: amounts falling due within one year 4 (13,197) (17,227)
Net current liabilities (164) (3,318)
Net assets/(liabilities) 1,186 (1,672)
Capital and reserves
Called up share capital 2 2
Profit and loss account 1,184 (1,674)
Shareholders' funds 1,186 (1,672)
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.
M Morris
Director
Approved by the board on 15 May 2016
Academy Cleaning Services (UK) Ltd
Notes to the Accounts
for the year ended 31 March 2017
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.
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:
Plant and machinery 20% reducing balance
Fixtures, fittings, tools and equipment 20% reducing balance
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.
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.
2 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2016 2,121 2,395 4,516
At 31 March 2017 2,121 2,395 4,516
Depreciation
At 1 April 2016 1,299 1,571 2,870
Charge for the year 148 148 296
At 31 March 2017 1,447 1,719 3,166
Net book value
At 31 March 2017 674 676 1,350
At 31 March 2016 822 824 1,646
3 Debtors 2017 2016
£ £
Trade debtors 2,175 5,975
4 Creditors: amounts falling due within one year 2017 2016
£ £
Other taxes and social security costs (442) -
Other creditors 13,639 17,227
13,197 17,227
5 Other information
Academy Cleaning Services (UK) Ltd is a private company limited by shares and incorporated in England. Its registered office is:
34 Serlby Lane
Harthill
Sheffield
South Yorkshire
S267YE
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