Company Registration No. 06723667 (England and Wales)
ACTION TRAINING COURSES LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2014
ACTION TRAINING COURSES LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ACTION TRAINING COURSES LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 OCTOBER 2014
31 October 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Intangible assets
2
11,029
13,651
Tangible assets
2
7,824
6,686
18,853
20,337
Current assets
Cash at bank and in hand
15,992
757
Creditors: amounts falling due within one year
(25,903)
(20,710)
Net current liabilities
(9,911)
(19,953)
Total assets less current liabilities
8,942
384
Creditors: amounts falling due after more than one year
(8,240)
-
702
384
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
602
284
Shareholders' funds
702
384
For the financial year ended 31 October 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 31 July 2015
Mr Paul Grey
Director
Company Registration No. 06723667
ACTION TRAINING COURSES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2014
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.5
Patents
Patents are valued at original cost.
1.6
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Computer equipment
33.3% on cost
Fixtures, fittings & equipment
15% reducing balance
Motor vehicles
25% reducing balance
ACTION TRAINING COURSES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2014
- 3 -
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 November 2013
26,759
20,633
47,392
Additions
-
4,277
4,277
Disposals
-
(1,677)
(1,677)
At 31 October 2014
26,759
23,233
49,992
Depreciation
At 1 November 2013
13,108
13,946
27,054
On disposals
-
(1,091)
(1,091)
Charge for the year
2,622
2,554
5,176
At 31 October 2014
15,730
15,409
31,139
Net book value
At 31 October 2014
11,029
7,824
18,853
At 31 October 2013
13,651
6,686
20,337
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
100 Ordinary Shares of £1 each
100
100