ACCESS_TRAINING_(SOUTH_WE - Accounts

ACCESS TRAINING (SOUTH WEST) LTD. - Company Information

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Company Registration No. 03612354 (England and Wales)

ACCESS TRAINING (SOUTH WEST) LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2015

ACCESS TRAINING (SOUTH WEST) LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

ACCESS TRAINING (SOUTH WEST) LIMITED

ABBREVIATED BALANCE SHEET - UNAUDITED

AS AT

31 AUGUST 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

14,487

18,454

Current assets

Debtors

133,083

133,510

Cash at bank and in hand

1,490

1,337

134,573

134,847

Creditors: amounts falling due within one year

(146,157)

(154,265)

Net current liabilities

(11,584)

(19,418)

Total assets less current liabilities

2,903

(964)

2,903

(964)

Capital and reserves

Called up share capital

90,002

Profit and loss account

(87,099)

(90,966)

Shareholders' funds

2,903

(964)

For the financial year ended 31 August 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 30 October 2015

L J Banks

Director

Company Registration No. 03612354

ACCESS TRAINING (SOUTH WEST) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS - UNAUDITED

FOR THE YEAR ENDED 31 AUGUST 2015

- 2 -

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

Turnover

Turnover represents amounts receivable for training services net of VAT. The turnover and profit/(loss) before taxation are attributable to the one principal activity of the company, all of which arises in the United Kingdom.

1.3

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

33.33% on the straight line method

Fixtures, fittings & equipment

15% on the reducing balance method

Motor vehicles

25% on the reducing balance method

1.4

Leasing

Rentals payable under operating leases are charged against profit on a straight line basis over the lease term.

1.5

Pensions

Contributions in respect of the company's defined contribution pension scheme are charged to the profit and loss account for the year in which they are payable to the scheme. Differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments at the year end.

1.6

Deferred taxation

Deferred taxation arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.

ACCESS TRAINING (SOUTH WEST) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS - UNAUDITED (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2015

- 3 -

Fixed assets

Tangible assets

Cost

At 1 September 2014

107,960

Additions

1,166

Disposals

(1,800)

At 31 August 2015

107,326

Depreciation

At 1 September 2014

89,506

On disposals

(788)

Charge for the year

4,121

At 31 August 2015

92,839

Net book value

At 31 August 2015

14,487

At 31 August 2014

18,454

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £4,182 (2014 - £32,592).

Share capital

2015

2014

Allotted, called up and fully paid

90,002 Ordinary shares of £1 each

90,002

Related party relationships and transactions

Advances and credits to directors

Advances and credits granted to the director during the year are outlined in the table below:

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

Miss L J Banks

13,609

5,623

19,232

13,609

5,623

19,232

This is an interest free loan to the director which is repayable on demand.