Micro-entity Accounts - ACADEMY OF HYPNOTIC ARTS LIMITED

05170672 ACADEMY OF HYPNOTIC ARTS LIMITED 2017-07-31 false 2016-08-01 2017-07-31 true 05170672 2016-08-01 2017-07-31 05170672 2017-07-31 05170672 2016-07-31 05170672 uk-gaap-cd-bus:Director1 2016-08-01 2017-07-31 05170672 uk-gaap-cd-bus:Director2 2016-08-01 2017-07-31 05170672 uk-gaap-cd-bus:AllEntityOfficers 2016-08-01 2017-07-31 iso4217:GBP shares

Registered Number 05170672

ACADEMY OF HYPNOTIC ARTS LIMITED

Micro-entity Accounts

31 July 2017

ACADEMY OF HYPNOTIC ARTS LIMITED Registered Number 05170672

Micro-entity Balance Sheet as at 31 July 2017

	Notes	2017	2016
		£	£
Fixed assets
Tangible assets	1	1,623	1,909
		1,623	1,909
Current assets
Stocks		3,000	3,000
Debtors		2,222	2,222
Cash at bank and in hand		1,836	2,281
		7,058	7,503
Creditors: amounts falling due within one year		(15,431)	(14,099)
Net current assets (liabilities)		(8,373)	(6,596)
Total assets less current liabilities		(6,750)	(4,687)
Total net assets (liabilities)		(6,750)	(4,687)
Capital and reserves
Called up share capital		8,000	8,000
Profit and loss account		(14,750)	(12,687)
Shareholders' funds		(6,750)	(4,687)

For the year ending 31 July 2017 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 13 March 2018

And signed on their behalf by:
J Bregazzi, Director

ACADEMY OF HYPNOTIC ARTS LIMITED Registered Number 05170672

Notes to the Micro-entity Accounts for the period ended 31 July 2017

1Tangible fixed assets

	£
Cost
At 1 August 2016	26,107
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2017	26,107
Depreciation
At 1 August 2016	24,198
Charge for the year	286
On disposals	-
At 31 July 2017	24,484
Net book values
At 31 July 2017	1,623
At 31 July 2016	1,909

2Accounting Policies

Turnover policy
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity and the cost incurred or to be incurred in respect of the transactions can be measured reliably.