Registered number
06843339
Academy Divers Limited
Abbreviated Accounts
30 September 2014
Academy Divers Limited
Registered number: 06843339
Abbreviated Balance Sheet
as at 30 September 2014
Notes 2014 2013
£ £
Fixed assets
Intangible assets 2 1,927 2,552
Tangible assets 3 8,331 10,214
10,258 12,766
Current assets
Stocks 2,000 2,000
Debtors 218 1,732
Cash at bank and in hand 5,166 2,802
7,384 6,534
Creditors: amounts falling due within one year (47,871) (47,816)
Net current liabilities (40,487) (41,282)
Net liabilities (30,229) (28,516)
Capital and reserves
Called up share capital 4 100 100
Profit and loss account (30,329) (28,616)
Shareholders' funds (30,229) (28,516)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
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 provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
L Rothery
Director
Approved by the board on 15 June 2015
Academy Divers Limited
Notes to the Abbreviated Accounts
for the year ended 30 September 2014
1 Accounting policies
Basis of preparation
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
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery 15% reducing balance
Motor vehicles 25% straight line
Stocks
Stock is valued at the lower of cost and net realisable value.
2 Intangible fixed assets £
Cost
At 30 September 2014 5,000
Amortisation
At 1 October 2013 2,448
At 30 September 2014 3,073
Net book value
At 30 September 2014 1,927
At 30 September 2013 2,552
3 Tangible fixed assets £
Cost
At 1 October 2013 14,149
At 30 September 2014 14,736
Depreciation
At 1 October 2013 4,935
At 30 September 2014 6,405
Net book value
At 30 September 2014 8,331
At 30 September 2013 9,214
4 Share capital Nominal 2014 2014 2013
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 100 100 100
Academy Divers Limited 06843339 false true 2013-10-01 2014-09-30 2014-09-30 L Rothery 06843339 uk-bus:OrdinaryShareClass1 2013-09-30 06843339 2013-10-01 2014-09-30 06843339 uk-bus:Director40 2013-10-01 2014-09-30 06843339 uk-gaap:PlantMachinery 2013-10-01 2014-09-30 06843339 uk-gaap:MotorVehicles 2013-10-01 2014-09-30 06843339 uk-bus:OrdinaryShareClass1 2013-10-01 2014-09-30 06843339 2014-09-30 06843339 uk-bus:OrdinaryShareClass1 2014-09-30 06843339 2013-09-30 iso4217:GBP xbrli:shares