REGISTERED NUMBER: 06090864 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2017

for

Academic Solutions (Uk) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Miss J Trivett

SECRETARY:

Miss C L Gill

REGISTERED OFFICE:

43 Temple Row

Birmingham

West Midlands

B2 5LS

REGISTERED NUMBER:

06090864 (England and Wales)

ACCOUNTANTS:

Sence Accounting Limited

57 High Street

Ibstock

Leicestershire

LE67 6LH

FIXED ASSETS

Tangible assets

4

13,996

14,392

CURRENT ASSETS

Debtors

5

273,305

279,346

Cash at bank

14,162

81,232

287,467

360,578

CREDITORS

Amounts falling due within one year

6

294,911

301,185

NET CURRENT (LIABILITIES)/ASSETS

(7,444

)

59,393

TOTAL ASSETS LESS CURRENT LIABILITIES

6,552

73,785

PROVISIONS FOR LIABILITIES

2,262

2,223

NET ASSETS

4,290

71,562

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

4,190

71,462

SHAREHOLDERS' FUNDS

4,290

71,562

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 14 November 2017 and were signed by:

Miss J Trivett - Director

1.	STATUTORY INFORMATION

Academic Solutions (Uk) Ltd is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost and 25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2016

38,329

Additions

8,718

At 28 February 2017

47,047

DEPRECIATION

At 1 March 2016

23,937

Charge for year

9,114

At 28 February 2017

33,051

NET BOOK VALUE

At 28 February 2017

13,996

At 29 February 2016

14,392

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.17

29.2.16

£

£

Trade debtors

268,905

276,149

Other debtors

4,400

3,197

273,305

279,346

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.17

29.2.16

£

£

Bank loans and overdrafts

208,795

170,601

Trade creditors

6,674

47,901

Taxation and social security

71,111

76,102

Other creditors

8,331

6,581

294,911

301,185

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.17

29.2.16

value:

£

£

100

Ordinary

£1.00

100

100

8.	ULTIMATE CONTROLLING PARTY

The company is not under the control of any particular party.