Abbreviated Company Accounts - ACADEMY OF SPORT LIMITED

SC205775 ACADEMY OF SPORT LIMITED 2016-07-31 false 2015-08-01 2016-07-31 true SC205775 2015-08-01 2016-07-31 SC205775 2016-07-31 SC205775 2015-07-31 SC205775 uk-gaap-cd-bus:Director1 2015-08-01 2016-07-31 SC205775 uk-gaap-cd-bus:Director2 2015-08-01 2016-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-08-01 2016-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-07-31 iso4217:GBP shares

Registered Number SC205775

ACADEMY OF SPORT LIMITED

Abbreviated Accounts

31 July 2016

ACADEMY OF SPORT LIMITED Registered Number SC205775

Abbreviated Balance Sheet as at 31 July 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	4,000	4,500
Tangible assets	3	1,143	1,241
		5,143	5,741
Current assets
Stocks		200	150
Cash at bank and in hand		12,820	3,527
		13,020	3,677
Creditors: amounts falling due within one year		(7,713)	(4,525)
Net current assets (liabilities)		5,307	(848)
Total assets less current liabilities		10,450	4,893
Total net assets (liabilities)		10,450	4,893
Capital and reserves
Called up share capital	4	1	1
Profit and loss account		10,449	4,892
Shareholders' funds		10,450	4,893

For the year ending 31 July 2016 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 27 April 2017

And signed on their behalf by:
A J Penfold, Director

ACADEMY OF SPORT LIMITED Registered Number SC205775

Notes to the Abbreviated Accounts for the period ended 31 July 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover represents amounts receivable in respect of tuition provided during the year.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Fixtures, fittings and equipment 33.33% straight line
Motor vehicles 25% reducing balance

Other accounting policies
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 10 years.

Stock
Stock is valued at the lower of cost and net realisable value.

2Intangible fixed assets

	£
Cost
At 1 August 2015	5,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2016	5,000
Amortisation
At 1 August 2015	500
Charge for the year	500
On disposals	-
At 31 July 2016	1,000
Net book values
At 31 July 2016	4,000
At 31 July 2015	4,500

3Tangible fixed assets

	£
Cost
At 1 August 2015	1,761
Additions	559
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2016	2,320
Depreciation
At 1 August 2015	520
Charge for the year	657
On disposals	-
At 31 July 2016	1,177
Net book values
At 31 July 2016	1,143
At 31 July 2015	1,241

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
1 Ordinary shares of £1 each	1	1