Abbreviated Company Accounts

04343439 ACADEMY TWO LTD 2016-03-31 false 2015-04-01 2016-03-31 true 04343439 2015-04-01 2016-03-31 04343439 2016-03-31 04343439 2015-03-31 04343439 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 04343439 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 04343439

ACADEMY TWO LTD

Abbreviated Accounts

31 March 2016

ACADEMY TWO LTD Registered Number 04343439

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	39,884	39,384
Tangible assets	3	411,493	336,865
		451,377	376,249
Current assets
Stocks		12,000	5,000
Debtors		14,929	-
Cash at bank and in hand		54,710	69,930
		81,639	74,930
Creditors: amounts falling due within one year		(140,755)	(121,258)
Net current assets (liabilities)		(59,116)	(46,328)
Total assets less current liabilities		392,261	329,921
Creditors: amounts falling due after more than one year		(144,004)	(82,006)
Total net assets (liabilities)		248,257	247,915
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		248,157	247,815
Shareholders' funds		248,257	247,915

For the year ending 31 March 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 21 December 2016

And signed on their behalf by:
F P Capozzi, Director
S Mule, Director

ACADEMY TWO LTD Registered Number 04343439

Notes to the Abbreviated Accounts for the period ended 31 March 2016

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 and derives from the provision of goods falling within the company’s ordinary activities.

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:
Land and buildings – no provision
Plant and machinery – 15% reducing balance
Fixtures fitting and equipment – 25% straight line
Motor vehicles – 25% straight line

Valuation information and policy
Stock:
Stock is valued at the lower of cost and net realisable value.

2Intangible fixed assets

	£
Cost
At 1 April 2015	39,384
Additions	500
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	39,884
Amortisation
At 1 April 2015	-
Charge for the year	-
On disposals	-
At 31 March 2016	-
Net book values
At 31 March 2016	39,884
At 31 March 2015	39,384

3Tangible fixed assets

	£
Cost
At 1 April 2015	481,926
Additions	105,202
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	587,128
Depreciation
At 1 April 2015	145,061
Charge for the year	30,574
On disposals	-
At 31 March 2016	175,635
Net book values
At 31 March 2016	411,493
At 31 March 2015	336,865

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100