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Registered number: 05977262
Academy Editions Limited
Unaudited Financial Statements
For The Year Ended 26 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05977262
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1 1
Tangible Assets 5 10,128 12,808
Investments 6 100 100
10,229 12,909
CURRENT ASSETS
Stocks 7 144,905 184,288
Debtors 8 4,887 3,250
Cash at bank and in hand 2,704 1,614
152,496 189,152
Creditors: Amounts Falling Due Within One Year 9 (808,227 ) (804,866 )
NET CURRENT ASSETS (LIABILITIES) (655,731 ) (615,714 )
TOTAL ASSETS LESS CURRENT LIABILITIES (645,502 ) (602,805 )
NET LIABILITIES (645,502 ) (602,805 )
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account (645,504 ) (602,807 )
SHAREHOLDERS' FUNDS (645,502) (602,805)
Page 1
Page 2
For the year ending 26 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms Alexandra Gerlier Papadakis
Director
25/09/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Academy Editions Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05977262 . The registered office is Kimber Cottage, Winterbourne, Newbury, Berkshire, RG20 8AN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 16.7% straight line
Motor Vehicles 25% reducing balance
Fixtures & Fittings 40% reducing balance
Computer Equipment 25% straight line
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: 1)
- 1
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2023 100,000
As at 26 December 2023 100,000
Amortisation
As at 1 January 2023 99,999
As at 26 December 2023 99,999
Net Book Value
As at 26 December 2023 1
As at 1 January 2023 1
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5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2023 5,360 4,204 32,968 - 42,532
Additions - - 1,084 1,289 2,373
Disposals (1,500 ) (4,204 ) - - (5,704 )
As at 26 December 2023 3,860 - 34,052 1,289 39,201
Depreciation
As at 1 January 2023 3,731 3,697 22,296 - 29,724
Provided during the period 644 507 3,875 27 5,053
Disposals (1,500 ) (4,204 ) - - (5,704 )
As at 26 December 2023 2,875 - 26,171 27 29,073
Net Book Value
As at 26 December 2023 985 - 7,881 1,262 10,128
As at 1 January 2023 1,629 507 10,672 - 12,808
6. Investments
Subsidiaries
£
Cost
As at 1 January 2023 100
As at 26 December 2023 100
Provision
As at 1 January 2023 -
As at 26 December 2023 -
Net Book Value
As at 26 December 2023 100
As at 1 January 2023 100
7. Stocks
2023 2022
£ £
Stocks 144,905 184,288
8. Debtors
2023 2022
£ £
Due within one year
Other debtors 4,887 3,250
Page 4
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9. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors - 2
Bank loans and overdrafts 2,084 819
Other creditors 806,143 803,954
Taxation and social security - 91
808,227 804,866
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
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