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REGISTERED NUMBER: 05537813 (England and Wales)









ACADEMY OF CREATIVE TRAINING LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2017






ACADEMY OF CREATIVE TRAINING LTD (REGISTERED NUMBER: 05537813)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2017










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ACADEMY OF CREATIVE TRAINING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2017







DIRECTOR: Ms J M Eddisford





SECRETARY: D J L Finlay





REGISTERED OFFICE: Pavilion View
19 New Road
Brighton
East Sussex
BN1 1EY





REGISTERED NUMBER: 05537813 (England and Wales)





ACCOUNTANTS: Hartley Fowler LLP
Chartered Accountants
Pavilion View
19 New Road
Brighton
East Sussex
BN1 1EY

ACADEMY OF CREATIVE TRAINING LTD (REGISTERED NUMBER: 05537813)

BALANCE SHEET
30 APRIL 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 800 1,067
800 1,067

CURRENT ASSETS
Debtors 6 105,410 51,284
Cash at bank 3,353 7,692
108,763 58,976
CREDITORS
Amounts falling due within one year 7 41,924 33,171
NET CURRENT ASSETS 66,839 25,805
TOTAL ASSETS LESS CURRENT
LIABILITIES

67,639

26,872

CREDITORS
Amounts falling due after more than one
year

8

(33,876

)

(26,788

)

PROVISIONS FOR LIABILITIES 9 (152 ) -
NET ASSETS 33,611 84

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 33,609 82
SHAREHOLDERS' FUNDS 33,611 84

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 director acknowledges her 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.

ACADEMY OF CREATIVE TRAINING LTD (REGISTERED NUMBER: 05537813)

BALANCE SHEET - continued
30 APRIL 2017


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 director on 24 January 2018 and were signed by:





Ms J M Eddisford - Director


ACADEMY OF CREATIVE TRAINING LTD (REGISTERED NUMBER: 05537813)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2017


1. STATUTORY INFORMATION

Academy of Creative Training Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Revenue is measured at fair value of the consideration received or receivable. Revenue represents commissions
from providing acting classes for talented individuals of all ages.
Revenue is recognised when acting teaching services have been rendered.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of the business, previously amortised evenly
over its estimated useful life of five years, has been fully amortised.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Equipment - 25% on reducing balance

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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivables or payables within one year are recorded at
transaction price. Any losses arising from impairment are recognised in the profit and loss account in other
administrative expenses.

ACADEMY OF CREATIVE TRAINING LTD (REGISTERED NUMBER: 05537813)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2017


2. ACCOUNTING POLICIES - continued

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance
sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is
estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an
impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the
impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2016 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2016
and 30 April 2017 9,000
AMORTISATION
At 1 May 2016
and 30 April 2017 9,000
NET BOOK VALUE
At 30 April 2017 -
At 30 April 2016 -

5. TANGIBLE FIXED ASSETS
Equipment
£   
COST
At 1 May 2016
and 30 April 2017 11,968
DEPRECIATION
At 1 May 2016 10,901
Charge for year 267
At 30 April 2017 11,168
NET BOOK VALUE
At 30 April 2017 800
At 30 April 2016 1,067

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 57,676 24,350
Amounts owed by connected companies 4,771 1,653
Other debtors 42,963 25,281
105,410 51,284

ACADEMY OF CREATIVE TRAINING LTD (REGISTERED NUMBER: 05537813)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2017


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade creditors 7,676 5,330
Taxation and social security 17,321 15,591
Other creditors 16,927 12,250
41,924 33,171

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2017 2016
£    £   
Other creditors 33,876 26,788

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 7,558 -

9. PROVISIONS FOR LIABILITIES
2017 2016
£    £   
Deferred tax 152 -

Deferred
tax
£   
Provided during year 152
Balance at 30 April 2017 152

10. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2017 2016
value: £    £   
2 Ordinary £1 2 2

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2017 and
30 April 2016:

2017 2016
£    £   
Ms J M Eddisford
Balance outstanding at start of year 8,619 (649 )
Amounts advanced 26,614 35,713
Amounts repaid (11,459 ) (26,445 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 23,774 8,619

ACADEMY OF CREATIVE TRAINING LTD (REGISTERED NUMBER: 05537813)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2017


11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES - continued

During the year Ms J M Eddisford withdrew £15,154 in excess of her net salary of £10,295 and use of home as
office of £520.

12. RELATED PARTY DISCLOSURES

D J L Finlay
A shareholder and company secretary

Included in debtors is an amount owing to the company by the related party. D J L Finlay withdrew £13,147 in
excess of his net salary of £10,296 and use of home as office of £520.

Amount due from related party at the balance sheet date £12,496 (2016: £10,616).


ACT Outreach CIC
During the year the company received rental income of £8,873 (2016: £8,220) from ACT Outreach CIC.

The movement in the year is the amount due from the related party which has arisen from financing transactions
between the companies.

Amount due from related party at the balance sheet date £4,771 (2016: £1,653).

13. FIRST YEAR ADOPTION

The company's date of transition to FRS 102 was 1 May 2015.

No transitional adjustments have been made to the comparative figures and the company's financial position and
performance have not been affected by the transition to FRS 102. There have been no significant changes to the
accounting policies as a result of the new financial reporting framework.