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REGISTERED NUMBER: 03371736












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2022

FOR

NOW TRAINING LIMITED

NOW TRAINING LIMITED (REGISTERED NUMBER: 03371736)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NOW TRAINING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2022







DIRECTORS: Mrs F A Meyer
A J Meyer





SECRETARY: Mrs F A Meyer





REGISTERED OFFICE: Ware Priory
High Street
Ware
Hertfordshire
SG12 9AL





REGISTERED NUMBER: 03371736





ACCOUNTANTS: Cook & Partners Limited
Manufactory House
Bell Lane
Hertford
Hertfordshire
SG14 1BP

NOW TRAINING LIMITED (REGISTERED NUMBER: 03371736)

BALANCE SHEET
31ST MARCH 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 6,523 7,289
Investments 6 10,000 20,000
Investment property 7 415,975 415,975
432,498 443,264

CURRENT ASSETS
Debtors 8 762,533 524,815
Cash at bank and in hand 512,640 262,537
1,275,173 787,352
CREDITORS
Amounts falling due within one year 9 948,282 691,144
NET CURRENT ASSETS 326,891 96,208
TOTAL ASSETS LESS CURRENT
LIABILITIES

759,389

539,472

CREDITORS
Amounts falling due after more than one
year

10

(575,446

)

(357,530

)

PROVISIONS FOR LIABILITIES (1,323 ) (1,323 )
NET ASSETS 182,620 180,619

CAPITAL AND RESERVES
Called up share capital 10,010 10,000
Retained earnings 172,610 170,619
182,620 180,619

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2022 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.

NOW TRAINING LIMITED (REGISTERED NUMBER: 03371736)

BALANCE SHEET - continued
31ST MARCH 2022


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12th September 2022 and were signed on its behalf by:





A J Meyer - Director


NOW TRAINING LIMITED (REGISTERED NUMBER: 03371736)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2022

1. STATUTORY INFORMATION

Now Training Limited is a private company, limited by shares , registered in Not specified/Other. 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 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Computer software is being amortised evenly over its estimated useful life of ten years.

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 - 25% on reducing balance

Investments in associates
Investments in associate undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

NOW TRAINING LIMITED (REGISTERED NUMBER: 03371736)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2022

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2021 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1st April 2021
and 31st March 2022 139,692
AMORTISATION
At 1st April 2021
and 31st March 2022 139,692
NET BOOK VALUE
At 31st March 2022 -
At 31st March 2021 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1st April 2021 70,871
Additions 600
At 31st March 2022 71,471
DEPRECIATION
At 1st April 2021 63,582
Charge for year 1,366
At 31st March 2022 64,948
NET BOOK VALUE
At 31st March 2022 6,523
At 31st March 2021 7,289

NOW TRAINING LIMITED (REGISTERED NUMBER: 03371736)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2022

6. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1st April 2021 20,000
Impairments (10,000 )
At 31st March 2022 10,000
NET BOOK VALUE
At 31st March 2022 10,000
At 31st March 2021 20,000

7. INVESTMENT PROPERTY

The fair value of the Investment Property of £415,975 has been arrived at on the basis of the amount paid by the company for the land. The Directors have confirmed that this valuation remained appropriate at 31st March 2022.

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 645,855 412,152
Other debtors 116,678 112,663
762,533 524,815

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 10,648 10,648
Trade creditors 641,172 456,240
Taxation and social security 46,145 94,359
Other creditors 250,317 129,897
948,282 691,144

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans 551,170 316,368
Other creditors 24,276 41,162
575,446 357,530

NOW TRAINING LIMITED (REGISTERED NUMBER: 03371736)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2022

11. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Bank Loan 261,818 277,286

National Westminster bank Plc has a legal charge against land owned by the company at Deynes Farm , Deynes Road , Debden , Saffron Walden OB11 3LG by way of a fixed charge against the property.

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st March 2022 and 31st March 2021:

2022 2021
£    £   
A J Meyer
Balance outstanding at start of year 44,206 74,036
Amounts advanced 71,144 55,170
Amounts repaid (75,000 ) (85,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 40,350 44,206

Mrs F A Meyer
Balance outstanding at start of year 44,206 74,036
Amounts advanced 73,548 55,170
Amounts repaid (75,000 ) (85,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 42,754 44,206

The outstanding Directors advances were repaid by way of Dividend on 2nd April 2022.