LCS Academy Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 06498811 (England and Wales)

Abbreviated Accounts

for the Year Ended 31 May 2016

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

680

799

CURRENT ASSETS

Debtors

920

234

Cash at bank

4,917

10,469

5,837

10,703

CREDITORS

Amounts falling due within one year

5,149

5,554

NET CURRENT ASSETS

688

5,149

TOTAL ASSETS LESS CURRENT LIABILITIES

1,368

5,948

PROVISIONS FOR LIABILITIES

129

160

NET ASSETS

1,239

5,788

CAPITAL AND RESERVES

Called up share capital

3

50

50

Capital redemption reserve

25

25

Profit and loss account

1,164

5,713

SHAREHOLDERS' FUNDS

1,239

5,788

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2016 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 6 February 2017 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 January 2015).

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 2015

and 31 May 2016

2,371

DEPRECIATION

At 1 June 2015

1,572

Charge for year

119

At 31 May 2016

1,691

NET BOOK VALUE

At 31 May 2016

680

At 31 May 2015

799

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.16

31.5.15

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.