REGISTERED NUMBER: 05537813

ACADEMY OF CREATIVE TRAINING LIMITED

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30TH APRIL 2013

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

D J L Finlay

Ms J M Eddisford

SECRETARY:

D J L Finlay

REGISTERED OFFICE:

8 The Drive

Hove

East Sussex

BN3 3JT

REGISTERED NUMBER:

05537813

ACCOUNTANTS:

Clark Brownscombe Limited

8 The Drive

Hove

East Sussex

BN3 3JT

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

1,532

2,042

1,532

2,042

CURRENT ASSETS

Debtors

18,930

17,550

Cash at bank and in hand

11,156

12,466

30,086

30,016

CREDITORS

Amounts falling due within one year

37,325

32,009

NET CURRENT LIABILITIES

(7,239

)

(1,993

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(5,707

)

49

CAPITAL AND RESERVES

Called up share capital

4

2

2

Profit and loss account

(5,709

)

47

SHAREHOLDERS' FUNDS

(5,707

)

49

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2013 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 28th January 2014 and were signed on its behalf by:

Ms J M Eddisford - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The Directors have reviewed the ability of the Company to continue as a going concern in light of the deficit of

assets over liabilities. The directors are satisfied that there will be sufficient funds to meet liabilities as they fall

due and that the company will be able to improve its financial position in the near future. The accounts have

therefore been prepared on a going concern basis.

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 April 2008).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of the business, is being amortised evenly

over its estimated useful life of five years.

Tangible fixed assets

Plant and Machinery 25% on a reducing basis.

Deferred tax

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

sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1st May 2012

and 30th April 2013

9,000

AMORTISATION

At 1st May 2012

and 30th April 2013

9,000

NET BOOK VALUE

At 30th April 2013

-

At 30th April 2012

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st May 2012

and 30th April 2013

11,356

DEPRECIATION

At 1st May 2012

9,314

Charge for year

510

At 30th April 2013

9,824

NET BOOK VALUE

At 30th April 2013

1,532

At 30th April 2012

2,042

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

2

Ordinary

£1

2

2

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES