LCS Academy Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 06498811 (England and Wales)

Abbreviated Accounts

for the Year Ended 31 May 2015

for

LCS Academy Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mrs N Dobson

Dr P A Dobson

SECRETARY:

Dr P A Dobson

REGISTERED OFFICE:

65 St Mary Street

Chippenham

Wiltshire

SN15 3JF

REGISTERED NUMBER:

06498811 (England and Wales)

ACCOUNTANTS:

Mander Duffill

Chartered Accountants

65 St Mary Street

Chippenham

Wiltshire

SN15 3JF

FIXED ASSETS

Tangible assets

2

799

940

CURRENT ASSETS

Debtors

234

3,273

Cash at bank

10,469

10,975

10,703

14,248

CREDITORS

Amounts falling due within one year

5,554

6,223

NET CURRENT ASSETS

5,149

8,025

TOTAL ASSETS LESS CURRENT LIABILITIES

5,948

8,965

PROVISIONS FOR LIABILITIES

160

188

NET ASSETS

5,788

8,777

CAPITAL AND RESERVES

Called up share capital

3

50

50

Capital redemption reserve

25

25

Profit and loss account

5,713

8,702

SHAREHOLDERS' FUNDS

5,788

8,777

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 3 February 2016 and were signed on its behalf by:

Mrs N Dobson - Director

Dr P A Dobson - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Equipment

-

15% on reducing balance

Furniture, fixtures and fittings

-

15% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2014

and 31 May 2015

2,371

DEPRECIATION

At 1 June 2014

1,431

Charge for year

141

At 31 May 2015

1,572

NET BOOK VALUE

At 31 May 2015

799

At 31 May 2014

940

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.15

31.5.14

value:

£

£

50

Ordinary

£1

50

50

4.	ULTIMATE PARENT COMPANY

Philnic Holdings limited is regarded by the directors as being the company's ultimate parent company.