Abbreviated Company Accounts - ACADEMIC CONSULTANCY SERVICES LIMITED

ACADEMIC CONSULTANCY SERVICES LIMITED Registered Number 03326518

Abbreviated Balance Sheet as at 31 July 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	16,692	16,947
		16,692	16,947
Current assets
Debtors		21,004	22,088
Cash at bank and in hand		27,628	1,717
		48,632	23,805
Creditors: amounts falling due within one year		(18,586)	(10,322)
Net current assets (liabilities)		30,046	13,483
Total assets less current liabilities		46,738	30,430
Provisions for liabilities		(938)	-
Total net assets (liabilities)		45,800	30,430
Capital and reserves
Called up share capital		2	2
Profit and loss account		45,798	30,428
Shareholders' funds		45,800	30,430

For the year ending 31 July 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 29 April 2016

And signed on their behalf by:
N J Birch, Director

ACADEMIC CONSULTANCY SERVICES LIMITED Registered Number 03326518

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

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:-
Plant and machinery 10% straight line
Library 10% straight line

Other accounting policies
Deferred Taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.
Pension Scheme
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2Tangible fixed assets

	£
Cost
At 1 August 2014	54,820
Additions	1,247
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2015	56,067
Depreciation
At 1 August 2014	37,873
Charge for the year	1,502
On disposals	-
At 31 July 2015	39,375
Net book values
At 31 July 2015	16,692
At 31 July 2014	16,947