Registered Number 06514511
ACADEMY NETWORK SERVICES LTD
Abbreviated Accounts
31 March 2016
Notes | 2016 | 2015 | |
---|---|---|---|
£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
|
|
|
|
||
Current assets | |||
Cash at bank and in hand |
|
|
|
|
|
||
Creditors: amounts falling due within one year |
( |
( |
|
Net current assets (liabilities) |
( |
( |
|
Total assets less current liabilities |
( |
( |
|
Total net assets (liabilities) |
( |
( |
|
Capital and reserves | |||
Called up share capital |
|
|
|
Profit and loss account |
( |
( |
|
Shareholders' funds |
( |
( |
Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
computer equipment 20% reducing balance
Intangible assets amortisation policy
Other accounting policies
the company meets its day to day working capital requirements through an overdraft facility which is repayable on demand.
The nature of the company's business is such that there can be considerable unpredictable variation in the timing of cash inflows. The director has prepared projected cash flow information for the period ending 9 months from the date of their approval of these financial statements. on the basis of this cash flow information and discussions with the company's bankers, the director considers that the company will continue to operate within the facility currently agreed and within that which they expect will be agreed when the company's bankers consider renewing the facility for a further year.
However the margin of facilities over requirements is not large and inherently there can be no certainty in relation to these matters. on this basis, the director considers it appropriate to prepare the financial statements on a going concern basis . the financial statements to not include any adjustments that would result from a withdrawal of the overdraft facility by the company bankers.
£ | |
---|---|
Cost | |
At 1 April 2015 |
|
Additions |
|
Disposals |
|
Revaluations |
|
Transfers |
|
At 31 March 2016 |
|
Depreciation | |
At 1 April 2015 |
|
Charge for the year |
|
On disposals |
|
At 31 March 2016 |
|
Net book values | |
At 31 March 2016 | 309 |
At 31 March 2015 | 386 |