Annal Nayyar asks – Do you have an asset register ?

It is extremely important from a capital asset valuation and revenue implication point of view that you have a robust asset register in place once you convert to academy status.  Capital assets can take the form of land and buildings at one spectrum and sports equipment and laptops at the other.

The Academy should have accurate up to date valuation of these assets in line with its depreciation policy and latest residual valuation. From a revenue implication point of view the Academy should be ‘setting aside regular’ revenue monies in readiness for the asset replacement, upgrade, repair or to comply with the appropriate health and safety legislation.

Annal Nayyar and his team have the experience and knowledge to help you through the complexities of this task – if you feel you require additional help and support please contact him at your convenience.

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