Caseware UK (AP4) 2016.0.181 2016.0.181 The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falsefalseprivate tuitionfalse2016-01-01 07114509 2016-01-01 2016-12-31 07114509 2015-01-01 2015-12-31 07114509 2016-12-31 07114509 2015-12-31 07114509 2015-01-01 07114509 c:Director1 2016-01-01 2016-12-31 07114509 d:OfficeEquipment 2016-01-01 2016-12-31 07114509 d:OfficeEquipment 2016-12-31 07114509 d:OfficeEquipment 2015-12-31 07114509 d:OfficeEquipment d:OwnedOrFreeholdAssets 2016-01-01 2016-12-31 07114509 d:CurrentFinancialInstruments 2016-12-31 07114509 d:CurrentFinancialInstruments 2015-12-31 07114509 d:CurrentFinancialInstruments d:WithinOneYear 2016-12-31 07114509 d:CurrentFinancialInstruments d:WithinOneYear 2015-12-31 07114509 d:ShareCapital 2016-12-31 07114509 d:ShareCapital 2015-12-31 07114509 d:ShareCapital 2015-01-01 07114509 d:RetainedEarningsAccumulatedLosses 2016-01-01 2016-12-31 07114509 d:RetainedEarningsAccumulatedLosses 2016-12-31 07114509 d:RetainedEarningsAccumulatedLosses 2015-01-01 2015-12-31 07114509 d:RetainedEarningsAccumulatedLosses 2015-12-31 07114509 d:RetainedEarningsAccumulatedLosses 2015-01-01 07114509 c:FRS102 2016-01-01 2016-12-31 07114509 c:AuditExempt-NoAccountantsReport 2016-01-01 2016-12-31 07114509 c:FullAccounts 2016-01-01 2016-12-31 07114509 c:PrivateLimitedCompanyLtd 2016-01-01 2016-12-31 iso4217:GBP

Registered number: 07114509









Academie Plus Limited







Unaudited

Financial statements

For the Year Ended December 31, 2016

 
Academie Plus Limited
Registered number: 07114509

Balance sheet
As at December 31, 2016

2016
2015
Note
£
£

Fixed assets
  

Tangible assets
 4 
993
799

  
993
799

Current assets
  

Debtors: amounts falling due within one year
 5 
2,397
1,386

  
2,397
1,386

Creditors: amounts falling due within one year
 6 
(3,051)
(1,989)

Net current liabilities
  
 
 
(654)
 
 
(603)

Total assets less current liabilities
  
339
196

  

Net assets
  
339
196


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
338
195

  
339
196


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on September 22, 2017.



Leonard Djidina-Vaidama
Director
The notes on pages 4 to 8 form part of these financial statements.

Page 1

 
Academie Plus Limited
 

Statement of changes in equity
For the Year Ended December 31, 2016


Called up share capital
Profit and loss account
Total equity

£
£
£

At January 1, 2016
1
195
196


Comprehensive income for the year

Profit for the year

-
2,843
2,843


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
2,843
2,843

Dividends: Equity capital
-
(2,700)
(2,700)


Total transactions with owners
-
(2,700)
(2,700)


At December 31, 2016
1
338
339

Page 2

 
Academie Plus Limited
 

Statement of changes in equity
For the Year Ended December 31, 2015


Called up share capital
Profit and loss account
Total equity

£
£
£

At January 1, 2015
1
42
43


Comprehensive income for the year

Profit for the year

-
2,853
2,853


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
2,853
2,853

Dividends: Equity capital
-
(2,700)
(2,700)


Total transactions with owners
-
(2,700)
(2,700)


At December 31, 2015
1
195
196


The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
Academie Plus Limited
 

 
Notes to the financial statements
For the Year Ended December 31, 2016

1.


General information

Academie Plus Limited is a company limited by shares, incorporated in England and Wales. Its registered
office is Flat 8, 31 St Johns Park, London, SE3 7JW. Company's principal activity during the period under review was that of providing prvate tuition. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

Information on the impact of first-time adoption of FRS 102 is given in note 8.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
Academie Plus Limited
 

 
Notes to the financial statements
For the Year Ended December 31, 2016

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
20% Reducing balance method

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of comprehensive income.

 
2.4

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

 
2.6

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting. Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.

 
2.8

Borrowing costs

All borrowing costs are recognised in the Statement of comprehensive income in the year in which they are incurred.

 
2.9

Taxation

Tax is recognised in the Statement of comprehensive income, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 5

 
Academie Plus Limited
 

 
Notes to the financial statements
For the Year Ended December 31, 2016

3.


Employees

The average monthly number of employees, including the director, during the year was as follows:


        2016
        2015
            No.
            No.







Director
1
1


4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 January 2016
1,856


Additions
442



At December 31, 2016

2,298



Depreciation


At 1 January 2016
1,057


Charge for the year on owned assets
248



At December 31, 2016

1,305



Net book value



At December 31, 2016
993



At December 31, 2015
799


5.


Debtors

2016
2015
£
£


Other debtors
2,397
1,386

2,397
1,386


Page 6

 
Academie Plus Limited
 

 
Notes to the financial statements
For the Year Ended December 31, 2016

6.


Creditors: Amounts falling due within one year

2016
2015
£
£

Bank overdrafts
1,824
1,203

Corporation tax
627
546

Accruals and deferred income
600
240

3,051
1,989



7.


Related party transactions

Included in other debtors is £2,397 (2015:£1,386) is the amount owed by director to the copmpany. This is the interest free loan to the director and repayable on demand.
During the year, the company paid dividend of £2,700 (2015: £2,700) to Mr vaidama, director of the
company.
The company is controlled by the director.

Page 7
 


 
Academie Plus Limited


 

 
Notes to the financial statements
For the Year Ended December 31, 2016

8.


First time adoption of FRS 102

The policies applied under the entity's previous accounting framework are not materially different to FRS 102 and have not impacted on equity or profit or loss.


Page 8