Registered Number 04133834

ACADEMIA ROSSICA

Abbreviated Accounts

31 January 2015

ACADEMIA ROSSICA Registered Number 04133834

Abbreviated Balance Sheet as at 31 January 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 3 369 1,602
369 1,602
Current assets
Stocks 700 700
Debtors 4,117 4,317
Cash at bank and in hand 24,304 7,108
29,121 12,125
Creditors: amounts falling due within one year (39,433) (33,081)
Net current assets (liabilities) (10,312) (20,956)
Total assets less current liabilities (9,943) (19,354)
Total net assets (liabilities) (9,943) (19,354)
Reserves
Income and expenditure account (9,943) (19,354)
Members' funds (9,943) (19,354)
  • For the year ending 31 January 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 30 November 2015

And signed on their behalf by:
S Adjoubei, Director

ACADEMIA ROSSICA Registered Number 04133834

Notes to the Abbreviated Accounts for the period ended 31 January 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. The recommendations of the Statement of Recommended Practice 'Accounting by Charities' issued in March 2005 have been followed.

The charity relies on donations to carry out its work. Due to the nature of fundraising there can be considerable variation in both the timing and receipt of such income. The trustees have reviewed the level of income received and receivable after the year end and are satisfied that such income will be sufficient to settle current commitments and to enable the charity to continue to carry out its planned programme of activities. On this basis it is deemed appropriate to prepare the accounts on a going concern basis.

Turnover policy
Income and grants are accounted for as and when received.

Tangible assets depreciation policy
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic lives at the following rates:
Office equipment – 33.3% per annum straight line

2Company limited by guarantee
Company is limited by guarantee and consequently does not have share capital.

3Tangible fixed assets
£
Cost
At 1 February 2014 16,568
Additions -
Disposals -
Revaluations -
Transfers -
At 31 January 2015 16,568
Depreciation
At 1 February 2014 14,966
Charge for the year 1,233
On disposals -
At 31 January 2015 16,199
Net book values
At 31 January 2015 369
At 31 January 2014 1,602