Registered Number SC331781

ACADEMY STREET LTD

Abbreviated Accounts

31 October 2012

ACADEMY STREET LTD Registered Number SC331781

Abbreviated Balance Sheet as at 31 October 2012

Notes 2012 2011
£ £
Fixed assets
Intangible assets 2 - 400
Tangible assets 3 2,423 2,692
2,423 3,092
Current assets
Stocks 21,959 35,960
21,959 35,960
Creditors: amounts falling due within one year (50,181) (47,734)
Net current assets (liabilities) (28,222) (11,774)
Total assets less current liabilities (25,799) (8,682)
Total net assets (liabilities) (25,799) (8,682)
Capital and reserves
Called up share capital 1 1
Profit and loss account (25,800) (8,683)
Shareholders' funds (25,799) (8,682)
  • For the year ending 31 October 2012 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 31 July 2013

And signed on their behalf by:
Ms A Mackay, Director

ACADEMY STREET LTD Registered Number SC331781

Notes to the Abbreviated Accounts for the period ended 31 October 2012

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.

2Intangible fixed assets
£
Cost
At 1 November 2011 2,000
Additions -
Disposals -
Revaluations -
Transfers -
At 31 October 2012 2,000
Amortisation
At 1 November 2011 1,600
Charge for the year 400
On disposals -
At 31 October 2012 2,000
Net book values
At 31 October 2012 0
At 31 October 2011 400
3Tangible fixed assets
£
Cost
At 1 November 2011 4,103
Additions -
Disposals -
Revaluations -
Transfers -
At 31 October 2012 4,103
Depreciation
At 1 November 2011 1,411
Charge for the year 269
On disposals -
At 31 October 2012 1,680
Net book values
At 31 October 2012 2,423
At 31 October 2011 2,692