Registered Number 05712911

ACADEMYENG LIMITED

Abbreviated Accounts

30 April 2013

ACADEMYENG LIMITED Registered Number 05712911

Abbreviated Balance Sheet as at 30 April 2013

Notes 2013 2012
£ £
Fixed assets
Intangible assets 2 - -
Tangible assets 3 18,209 24,638
18,209 24,638
Current assets
Stocks 55,000 55,000
Debtors 60,177 60,670
Cash at bank and in hand 2,204 22,129
117,381 137,799
Creditors: amounts falling due within one year (141,329) (165,884)
Net current assets (liabilities) (23,948) (28,085)
Total assets less current liabilities (5,739) (3,447)
Total net assets (liabilities) (5,739) (3,447)
Capital and reserves
Called up share capital 100 100
Profit and loss account (5,839) (3,547)
Shareholders' funds (5,739) (3,447)
  • For the year ending 30 April 2013 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 30 January 2014

And signed on their behalf by:
ALAN AUSTIN, Director

ACADEMYENG LIMITED Registered Number 05712911

Notes to the Abbreviated Accounts for the period ended 30 April 2013

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 total invoice value, excluding value added tax, of sales made during the year.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Plant and machinery - 25% reducing balance
FF & Equipment - 25% straight line
Motor Vehicles - 25% reducing balance

Intangible assets amortisation policy
Acquired goodwill is written off in equal annual installments over its estimated useful economic life of 5 years.

Other accounting policies
Stock
Stock is valued at the lower of cost and net realisable value.
Pensions
The pension costs charged in the financial statements represent the contribution payable by the company during the year.
Going concern
At the balance sheet date the company showed a deficiency of assets . The directors confirm they will continue to support the company to meet its liabilities as they fall due.

2Intangible fixed assets
£
Cost
At 1 May 2012 65,000
Additions -
Disposals -
Revaluations -
Transfers -
At 30 April 2013 65,000
Amortisation
At 1 May 2012 65,000
Charge for the year -
On disposals -
At 30 April 2013 65,000
Net book values
At 30 April 2013 0
At 30 April 2012 0
3Tangible fixed assets
£
Cost
At 1 May 2012 141,656
Additions -
Disposals -
Revaluations -
Transfers -
At 30 April 2013 141,656
Depreciation
At 1 May 2012 117,018
Charge for the year 6,429
On disposals -
At 30 April 2013 123,447
Net book values
At 30 April 2013 18,209
At 30 April 2012 24,638

4Transactions with directors

Name of director receiving advance or credit: Anthony Charles Clarke
Description of the transaction: Advance
Balance at 1 May 2012: £ 0
Advances or credits made: £ 137
Advances or credits repaid: -
Balance at 30 April 2013: £ 137