IRIS Accounts Production v18.1.2.30 06843339 Board of Directors 1.10.16 30.9.17 30.9.17 false true false false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure 06843339 2016-09-30 06843339 2017-09-30 06843339 2016-10-01 2017-09-30 06843339 2015-09-30 06843339 2015-10-01 2016-09-30 06843339 2016-09-30 06843339 ns15:EnglandWales 2016-10-01 2017-09-30 06843339 ns14:PoundSterling 2016-10-01 2017-09-30 06843339 ns10:Director1 2016-10-01 2017-09-30 06843339 ns10:PrivateLimitedCompanyLtd 2016-10-01 2017-09-30 06843339 ns10:SmallEntities 2016-10-01 2017-09-30 06843339 ns10:AuditExempt-NoAccountantsReport 2016-10-01 2017-09-30 06843339 ns10:SmallCompaniesRegimeForDirectorsReport 2016-10-01 2017-09-30 06843339 ns10:SmallCompaniesRegimeForAccounts 2016-10-01 2017-09-30 06843339 ns10:FullAccounts 2016-10-01 2017-09-30 06843339 1 2016-10-01 2017-09-30 06843339 ns10:Director2 2016-10-01 2017-09-30 06843339 ns10:CompanySecretary1 2016-10-01 2017-09-30 06843339 ns10:RegisteredOffice 2016-10-01 2017-09-30 06843339 ns5:CurrentFinancialInstruments 2017-09-30 06843339 ns5:CurrentFinancialInstruments 2016-09-30 06843339 ns5:ShareCapital 2017-09-30 06843339 ns5:ShareCapital 2016-09-30 06843339 ns5:RetainedEarningsAccumulatedLosses 2017-09-30 06843339 ns5:RetainedEarningsAccumulatedLosses 2016-09-30 06843339 ns5:NetGoodwill 2016-10-01 2017-09-30 06843339 ns5:IntangibleAssetsOtherThanGoodwill 2016-10-01 2017-09-30 06843339 ns5:PlantMachinery 2016-10-01 2017-09-30 06843339 ns5:NetGoodwill 2016-09-30 06843339 ns5:NetGoodwill 2017-09-30 06843339 ns5:NetGoodwill 2016-09-30 06843339 ns5:PlantMachinery 2016-09-30 06843339 ns5:PlantMachinery 2017-09-30 06843339 ns5:PlantMachinery 2016-09-30 06843339 ns5:CurrentFinancialInstruments ns5:WithinOneYear 2017-09-30 06843339 ns5:CurrentFinancialInstruments ns5:WithinOneYear 2016-09-30


REGISTERED NUMBER: 06843339 (England and Wales)







Unaudited Financial Statements

for the Year Ended 30 September 2017

for

Academy Divers Limited

Academy Divers Limited (Registered number: 06843339)






Contents of the Financial Statements
for the Year Ended 30 September 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Academy Divers Limited

Company Information
for the Year Ended 30 September 2017







DIRECTORS: J F Timperley
Mrs T J Timperley





SECRETARY:





REGISTERED OFFICE: Corner House
28 Huddersfield Road
Newhey
Rochdale
Lancashire
OL16 3QF





REGISTERED NUMBER: 06843339 (England and Wales)





ACCOUNTANTS: Brian Gumbley Accountancy Services Ltd
Corner House
28 Huddersfield Road
Newhey
Rochdale
Lancashire
OL16 3QF

Academy Divers Limited (Registered number: 06843339)

Balance Sheet
30 September 2017

30.9.17 30.9.16
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 677
Tangible assets 5 6,293 7,403
6,293 8,080

CURRENT ASSETS
Stocks 2,176 2,000
Debtors 6 604 957
Cash at bank and in hand 2,997 183
5,777 3,140
CREDITORS
Amounts falling due within one year 7 45,077 36,864
NET CURRENT LIABILITIES (39,300 ) (33,724 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(33,007

)

(25,644

)

Academy Divers Limited (Registered number: 06843339)

Balance Sheet - continued
30 September 2017

30.9.17 30.9.16
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (33,107 ) (25,744 )
SHAREHOLDERS' FUNDS (33,007 ) (25,644 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 26 June 2018 and were signed on its
behalf by:





J F Timperley - Director


Academy Divers Limited (Registered number: 06843339)

Notes to the Financial Statements
for the Year Ended 30 September 2017

1. STATUTORY INFORMATION

Academy Divers Limited 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of eight years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured
at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete
and slow moving items.

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.

Academy Divers Limited (Registered number: 06843339)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2017

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2016 - 2 ).

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2016
and 30 September 2017 5,000
AMORTISATION
At 1 October 2016 4,323
Charge for year 677
At 30 September 2017 5,000
NET BOOK VALUE
At 30 September 2017 -
At 30 September 2016 677

Academy Divers Limited (Registered number: 06843339)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2017

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2016
and 30 September 2017 24,365
DEPRECIATION
At 1 October 2016 16,962
Charge for year 1,110
At 30 September 2017 18,072
NET BOOK VALUE
At 30 September 2017 6,293
At 30 September 2016 7,403

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.17 30.9.16
£    £   
Other debtors 361 957
VAT 243 -
604 957

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.17 30.9.16
£    £   
Other creditors - 36,864
Directors' current accounts 45,077 -
45,077 36,864