REGISTERED NUMBER: 05885441 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 July 2017

for

Academy Marketing Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

R P Sice

REGISTERED OFFICE:

10 Shakespeare Terrace

Thornhill

Sunderland

Tyne & Wear

SR2 7JG

REGISTERED NUMBER:

05885441 (England and Wales)

ACCOUNTANTS:

TTR Barnes Limited

Chartered Accountants

3-5 Grange Terrace

Stockton Road

Sunderland

Tyne & Wear

SR2 7DG

FIXED ASSETS

Tangible assets

4

361

-

CURRENT ASSETS

Debtors

5

127

94

Cash at bank

4,596

1,980

4,723

2,074

CREDITORS

Amounts falling due within one year

6

36,549

31,949

NET CURRENT LIABILITIES

(31,826

)

(29,875

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(31,465

)

(29,875

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(31,466

)

(29,876

)

SHAREHOLDERS' FUNDS

(31,465

)

(29,875

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2017 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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 8 February 2018 and were signed by:

R P Sice - Director

1.	STATUTORY INFORMATION

Academy Marketing 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.

The financial statements have been prepared on the going concern basis which assumes that the company will

continue in operational existence for the foreseeable future, which the director consider to be appropriate.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A

These financial statements for the year ended 31 July 2017 are the first that are prepared in accordance with FRS

102 Section 1A. The previous financial statements were prepared in accordance with UK GAAP, the date of

transition to FRS 102 Section 1A is 1 August 2015.

In preparing the financial statements, the directors have considered whether in applying accounting policies

required under FRS 102 SEction 1A "Small Entities" the restatement of comparative items was required. The

transition to FRS 102 Section 1A "Small Entities" has not resulted in any changes to accounting policies used.

Upon adoption of FRS 102 Section 1A there were no transitional adjustments required and the company did not

take advantage of any transitional reliefs.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial

instruments. Basic financial instruments are recognised at transaction value and subsequently measured at their

settlement value.

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 statement of financial position date.

Deferred tax

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

statement of financial position 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

456

At 31 July 2017

456

DEPRECIATION

Charge for year

95

At 31 July 2017

95

NET BOOK VALUE

At 31 July 2017

361

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Prepayments

127

94

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Social security and other taxes

4,168

4,544

Directors' current accounts

31,981

26,905

Accrued expenses

400

500

36,549

31,949

7.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is R P Sice.