REGISTERED NUMBER: 03182570 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2017

for

GT Academy Group Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

T Rayner

G A McCrory

SECRETARY:

REGISTERED OFFICE:

Health Aid House

1st Floor

Marlborough Hill

Harrow

Middlesex

HA1 1UD

REGISTERED NUMBER:

03182570 (England and Wales)

ACCOUNTANTS:

Grant Harrod Lerman Davis LLP

Chartered Accountants

1st Floor

Healthaid House

Marlborough Hill

Harrow

Middlesex

HA1 1UD

FIXED ASSETS

Tangible assets

4

8,101

10,801

CURRENT ASSETS

Stocks

486,151

448,721

Debtors

5

133,901

39,974

Cash at bank

32,621

119,268

652,673

607,963

CREDITORS

Amounts falling due within one year

6

611,002

593,822

NET CURRENT ASSETS

41,671

14,141

TOTAL ASSETS LESS CURRENT LIABILITIES

49,772

24,942

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

49,672

24,842

SHAREHOLDERS' FUNDS

49,772

24,942

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 7 December 2017 and were signed on its behalf by:

G A McCrory - Director

1.	STATUTORY INFORMATION

GT Academy Group Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents income invoiced for the year, 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.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 May 2016

and 30 April 2017

18,379

13,373

5,612

37,364

DEPRECIATION

At 1 May 2016

11,965

10,744

3,854

26,563

Charge for year

1,603

657

440

2,700

At 30 April 2017

13,568

11,401

4,294

29,263

NET BOOK VALUE

At 30 April 2017

4,811

1,972

1,318

8,101

At 30 April 2016

6,414

2,629

1,758

10,801

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

131,528

37,601

Other debtors

2,373

2,373

133,901

39,974

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

-

(2

)

Taxation and social security

70,849

42,588

Other creditors

540,153

551,236

611,002

593,822

7.	RELATED PARTY DISCLOSURES

The company is under control of Mr T Rayner, a director by virtue of his majority shareholding in the company.

The balance owing to Mr T Rayner on his loan account at 30 April 2017 amounted to £399,503 (2016:

£510,962).