Registered number
06843339
Academy Divers Limited
Abbreviated Accounts
30 September 2015
Academy Divers Limited
Registered number: 06843339
Abbreviated Balance Sheet
as at 30 September 2015
Notes 2015 2014
£ £
Fixed assets
Intangible assets 2 1,302 1,927
Tangible assets 3 8,417 8,331
9,719 10,258
Current assets
Stocks 2,000 2,000
Debtors 349 218
Cash at bank and in hand 10,890 5,166
13,239 7,384
Creditors: amounts falling due within one year (52,554) (47,871)
Net current liabilities (39,315) (40,487)
Net liabilities (29,596) (30,229)
Capital and reserves
Called up share capital 4 100 100
Profit and loss account (29,696) (30,329)
Shareholders' funds (29,596) (30,229)
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 9 June 2016
Academy Divers Limited
Notes to the Abbreviated Accounts
for the year ended 30 September 2015
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 1 October 2014 5,000
At 30 September 2015 5,000
Amortisation
At 1 October 2014 3,073
Provided during the year 625
At 30 September 2015 3,698
Net book value
At 30 September 2015 1,302
At 30 September 2014 1,927
3 Tangible fixed assets £
Cost
At 1 October 2014 22,736
Additions 1,572
At 30 September 2015 24,308
Depreciation
At 1 October 2014 14,405
Charge for the year 1,486
At 30 September 2015 15,891
Net book value
At 30 September 2015 8,417
At 30 September 2014 8,331
4 Share capital Nominal 2015 2015 2014
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 100 100 100
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