ISA Training Limited - Abbreviated accounts 16.3
ISA Training Limited - Abbreviated accounts 16.3
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts |
| for the Year Ended 31 July 2016 |
| for |
| ISA TRAINING LIMITED |
| ISA TRAINING LIMITED (REGISTERED NUMBER: 03539764) |
| Contents of the Abbreviated Accounts |
| for the year ended 31 July 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| ISA TRAINING LIMITED |
| Company Information |
| for the year ended 31 July 2016 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants and Business Advisers |
| ISA TRAINING LIMITED (REGISTERED NUMBER: 03539764) |
| Abbreviated Balance Sheet |
| 31 July 2016 |
| 2016 | 2015 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| Investments | 3 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| ISA TRAINING LIMITED (REGISTERED NUMBER: 03539764) |
| Abbreviated Balance Sheet - continued |
| 31 July 2016 |
| 2016 | 2015 |
| Notes | £ | £ |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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 financial statements were approved by the Board of Directors on |
| ISA TRAINING LIMITED (REGISTERED NUMBER: 03539764) |
| Notes to the Abbreviated Accounts |
| for the year ended 31 July 2016 |
| 1. | ACCOUNTING POLICIES |
| 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 January 2015). |
| Preparation of consolidated financial statements |
| The financial statements contain information about ISA Training Limited as an individual company and do not |
| contain consolidated financial information as the parent of a group. The company has taken the option under |
| Section 398 of the Companies Act 2006 not to prepare consolidated financial statements. |
| Turnover |
| Turnover represents grant income and net invoiced sales of services. |
| Tangible fixed assets |
| Depreciation is provided at the following annual rates in order to write off each asset over its useful economic |
| life to its residual value of which is determined as a best estimate at the date of purchase. |
| Improvements to property | - | Straight line over 3 - 10 years |
| Fixtures and fittings | - | Straight line over 10 years |
| Computer equipment | - | Straight line over 3 years |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the |
| balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling |
| at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| Leasing commitments |
| Rentals paid under operating leases are charged to the profit and loss account 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 the profit and loss account in the period to which they relate. |
| Deferred government grants |
| Deferred government grants in respect of capital expenditure are treated as deferred income and are credited |
| to the profit and loss account over the estimated useful life of the assets to which they relate. Deferred |
| government grants in respect of revenue expenditure are treated as deferred income and are credited to the |
| profit and loss account in line with the expenditure to which they relate. |
| ISA TRAINING LIMITED (REGISTERED NUMBER: 03539764) |
| Notes to the Abbreviated Accounts - continued |
| for the year ended 31 July 2016 |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 August 2015 |
| Additions |
| At 31 July 2016 |
| DEPRECIATION |
| At 1 August 2015 |
| Charge for year |
| At 31 July 2016 |
| NET BOOK VALUE |
| At 31 July 2016 |
| At 31 July 2015 |
| 3. | FIXED ASSET INVESTMENTS |
| Investments |
| other |
| than |
| loans |
| £ |
| COST |
| At 1 August 2015 |
| and 31 July 2016 | 1 |
| NET BOOK VALUE |
| At 31 July 2016 |
| At 31 July 2015 |
| ISA TRAINING LIMITED (REGISTERED NUMBER: 03539764) |
| Notes to the Abbreviated Accounts - continued |
| for the year ended 31 July 2016 |
| 3. | FIXED ASSET INVESTMENTS - continued |
| The company's investments at the Balance Sheet date in the share capital of companies include the following: |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary | 100.00 |
| £ | £ |
| Aggregate capital and reserves | 1 | 1 |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ordinary 'A' shares | £1 |
| Ordinary 'B' shares | £1 |
| 102 | 102 |
| 5. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to directors subsisted during the years ended 31 July 2016 and |
| 31 July 2015: |
| 2016 | 2015 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Balance outstanding at end of year |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Balance outstanding at end of year |
| ISA TRAINING LIMITED (REGISTERED NUMBER: 03539764) |
| Notes to the Abbreviated Accounts - continued |
| for the year ended 31 July 2016 |
| 5. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued |
| During the year the company paid expenses on behalf of S Davis-Fox of £nil (2015: £1,082) and B Tyler of £nil |
| (2015: £43). |
| 6. | RELATED PARTY DISCLOSURES |
| During the year a dividend of £119,196 (2015: £119,196) was paid to the director Mrs S Davis-Fox. |
| 7. | ULTIMATE CONTROLLING PARTY |
| Mrs S Davis-Fox and Mrs S Adams are joint controlling parties by virtue of their shareholdings. |