Achieve Intelligence Training Ltd. - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 07337266 (England and Wales)

ACHIEVE INTELLIGENCE TRAINING LTD.

PREVIOUSLY KNOWN AS

ACHIEVE INTELLIGENCE LTD.

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

G R Garrett

Mrs T Garrett

REGISTERED OFFICE:

Pavilion View

19 New Road

Brighton

East Sussex

BN1 1EY

REGISTERED NUMBER:

07337266 (England and Wales)

ACCOUNTANTS:

Hartley Fowler LLP

Chartered Accountants

Pavilion View

19 New Road

Brighton

East Sussex

BN1 1EY

FIXED ASSETS

Tangible assets

4

1,291

2,066

CURRENT ASSETS

Debtors

5

29,298

20,159

Cash at bank

6,625

8,049

35,923

28,208

CREDITORS

Amounts falling due within one year

6

35,320

30,271

NET CURRENT ASSETS/(LIABILITIES)

603

(2,063

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,894

3

PROVISIONS FOR LIABILITIES

7

186

-

NET ASSETS

1,708

3

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

1,706

1

SHAREHOLDERS' FUNDS

1,708

3

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2017 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 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 Board of Directors on 17 May 2018 and were signed on its behalf by:

G R Garrett - Director

1.	STATUTORY INFORMATION

Achieve Intelligence 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.

The company meets its day to day working capital requirements by the continued support of the directors. On

this basis, the directors consider it appropriate to prepare the financial statements on a going concern basis. The

financial statements do not include any adjustments that would result from a withdrawal of the support from the

directors.

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

These financial statements for the year ended 31 August 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 September 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

accounting policies as a result of the new financial reporting framework.

Turnover

Revenue is measured at fair value of the consideration received or receivable. Revenue represents amounts

received from providing computer consultancy services and is recognised when the services have been rendered.

Tangible fixed assets

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

Fixtures and fittings

-

25% on cost

Computer equipment

-

33% on cost

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.

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.

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.

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 2 .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 September 2016

1,792

6,209

8,001

Additions

-

625

625

At 31 August 2017

1,792

6,834

8,626

DEPRECIATION

At 1 September 2016

1,792

4,143

5,935

Charge for year

-

1,400

1,400

At 31 August 2017

1,792

5,543

7,335

NET BOOK VALUE

At 31 August 2017

-

1,291

1,291

At 31 August 2016

-

2,066

2,066

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

18,374

12,102

Other debtors

10,924

8,057

29,298

20,159

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

995

-

Taxation and social security

31,749

25,858

Other creditors

2,576

4,413

35,320

30,271

7.	PROVISIONS FOR LIABILITIES

2017

2016

£

£

Deferred tax

186

-

Deferred

tax

£

Provided during year

186

Balance at 31 August 2017

186

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

2

Ordinary

£1

2

2

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2017 and

31 August 2016:

2017

2016

£

£

Mrs T Garrett

Balance outstanding at start of year

8,057

-

Amounts advanced

1,025

8,736

Amounts repaid

(1,975

)

(679

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

7,107

8,057

The loan from the company to the director is interest free and repayable on demand.