Academy Of Creative Training Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 05537813 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 25 APRIL 2024 TO 23 APRIL 2025

FOR

ACADEMY OF CREATIVE TRAINING LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Ms J M Eddisford

SECRETARY:

D J L Finlay

REGISTERED OFFICE:

C/O Galloways Accounting

The Mill Building

31-35 Chatsworth Road

Worthing

West Sussex

BN11 1LY

REGISTERED NUMBER:

05537813 (England and Wales)

ACCOUNTANTS:

Galloways Accounting Limited

15 West Street

Brighton

East Sussex

BN1 2RL

FIXED ASSETS

Tangible assets

3

19,135

23,073

CURRENT ASSETS

Debtors

4

123,128

64,719

Cash at bank and in hand

28,327

16,322

151,455

81,041

CREDITORS

Amounts falling due within one year

5

(56,274

)

(37,104

)

NET CURRENT ASSETS

95,181

43,937

TOTAL ASSETS LESS CURRENT
LIABILITIES

114,316

67,010

CREDITORS

Amounts falling due after more than one
year

6

(114,912

)

(78,275

)

PROVISIONS FOR LIABILITIES

(897

)

(1,443

)

NET LIABILITIES

(1,493

)

(12,708

)

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

(1,495

)

(12,710

)

(1,493

)

(12,708

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 23 April 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 23 April 2025 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 22 April 2026 and were signed by:

Ms J M Eddisford - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover represents sales of services. Turnover is recognised at the point the customer is entitled to consideration.

Tangible fixed assets

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

Improvements to property

-

10% straight line

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

Straight line over 3 years

Taxation

Taxation for the period 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 period 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2024 - 5 ) .

3.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Computer

property

fittings

equipment

Totals

£

COST

At 25 April 2024

28,852

24,369

1,928

55,149

Additions

-

650

-

650

At 23 April 2025

28,852

25,019

1,928

55,799

DEPRECIATION

At 25 April 2024

11,552

18,803

1,721

32,076

Charge for period

2,888

1,493

207

4,588

At 23 April 2025

14,440

20,296

1,928

36,664

NET BOOK VALUE

At 23 April 2025

14,412

4,723

-

19,135

At 24 April 2024

17,300

5,566

207

23,073

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

12,505

10,226

Other debtors

20,710

9,459

Directors' loan accounts

51,950

26,162

Tax

23,625

7,931

Prepayments

14,338

10,941

123,128

64,719

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

18,155

17,631

Trade creditors

11,310

9,332

Tax

17,099

-

Social security and other taxes

6,344

6,396

Accrued expenses

3,366

3,745

56,274

37,104

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Bank loans - 1-2 years

20,740

19,586

Bank loans - 2-5 years

82,865

58,689

Bank loans more 5 yr by instal

11,307

-

114,912

78,275

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

11,307

-

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the periods ended 23 April 2025 and 24 April 2024:

2025

2024

£

Ms J M Eddisford

Balance outstanding at start of period

26,162

16,622

Amounts advanced

42,551

32,567

Amounts repaid

(16,762

)

(23,027

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of period

51,951

26,162

This balance represented the maximum amount outstanding during the year. Interest is charged on any overdrawn amounts at the beneficial loan interest rate.

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Ms J M Eddisford & D J L Finlay.

This was by virtue of their 100% holding of the issued share capital.