REGISTERED NUMBER: 03135693 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

ACADEMY ISA LIMITED

Page

Company Information

1

Balance Sheet

2

DIRECTOR:

Stephen Francis Pennington

REGISTERED OFFICE:

467 Rainham Road South

Rainham

Essex

RM10 7XJ

REGISTERED NUMBER:

03135693 (England and Wales)

ACCOUNTANTS:

Pickering Evennett Limited

467 Rainham Road South

Dagenham

Essex

RM10 7XJ

BANKERS:

The Co-Operative Bank plc

P.O. Box 101

1 Balloon Street

Manchester

M60 4EP

FIXED ASSETS

2,971

1,872

CURRENT ASSETS

22,920

12,528

CREDITORS

Amounts falling due within one year

(23,752

)

(13,668

)

NET CURRENT LIABILITIES

(832

)

(1,140

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,139

732

CAPITAL AND RESERVES

2,139

732

NOTE TO THE FINANCIAL STATEMENTS

1.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2016 and

31 December 2015:

2016

2015

£

£

Stephen Francis Pennington

Balance outstanding at start of year

(1,774

)

(4,945

)

Amounts advanced

7,260

25,395

Amounts repaid

(18,924

)

(22,224

)

Balance outstanding at end of year

(13,438

)

(1,774

)

During the year Dividends of £18,300 and Use of Home as Office of £624 were credited to the directors loan account.

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 in accordance with the micro-entity provisions and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 5 September 2017 and were signed by:

Stephen Francis Pennington - Director