Academy Property Consultants Limited - Period Ending 2016-09-30

Academy Property Consultants Limited
Abbreviated Balance Sheet
30 September 2016

	Note	2016 £	2015 £
Fixed assets
Tangible fixed assets	2	1,296	2,205
Current assets
Debtors		70,752	24,495
Cash at bank and in hand		5,536	9,612
		76,288	34,107
Creditors: Amounts falling due within one year		(27,852)	(14,431)
Net current assets		48,436	19,676
Net assets		49,732	21,881
Capital and reserves
Called up share capital	3	10	10
Profit and loss account		49,722	21,871
Shareholders' funds		49,732	21,881

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 1

Academy Property Consultants Limited
Abbreviated Balance Sheet
30 September 2016 ......... continued

For the year ending 30 September 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 13 February 2017 and signed on its behalf by:

Mr S Trave
Director

Company Registration Number: 07277710

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Academy Property Consultants Limited
Notes to the Abbreviated Accounts
Year Ended 30 September 2016 ......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

Turnover represents amounts chargeable, net of the flat rate scheme value added tax, in respect of the provision of services to customers.

Depreciation

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 life as follows:

Asset class	Depreciation method and rate
Office equipment	20% Straight line

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

2	Fixed assets

	Tangible assets £	Total £
Cost
At 1 October 2015	5,104	5,104
At 30 September 2016	5,104	5,104
Depreciation
At 1 October 2015	2,899	2,899
Charge for the year	909	909
At 30 September 2016	3,808	3,808
Net book value
At 30 September 2016	1,296	1,296
At 30 September 2015	2,205	2,205

Page 3

Academy Property Consultants Limited
Notes to the Abbreviated Accounts
Year Ended 30 September 2016 ......... continued

3	Share capital

Allotted, called up and fully paid shares

	2016			2015
		No.	£		No.	£
Ordinary share of £0.10 each		100	10		100	10

4	Related party transactions

Directors' advances and credits

	2016 Advance/ Credit £	2016 Repaid £	2015 Advance/ Credit £	2015 Repaid £
Mr S Trave
	85,208	38,910	39,296	42,883

Page 4