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Company Registration No. 08308146 (England and Wales)
INDISPENSABLE TRAINING LIMITED Unaudited accounts for the year ended 31 December 2022
INDISPENSABLE TRAINING LIMITED Unaudited accounts Contents
Page
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INDISPENSABLE TRAINING LIMITED Company Information for the year ended 31 December 2022
Director
C V Marletta
Company Number
08308146 (England and Wales)
Registered Office
23 ROYAL VIEW VICTORIA BRIDGE ROAD BATH BA2 3GG ENGLAND
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INDISPENSABLE TRAINING LIMITED Statement of financial position as at 31 December 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
263,880 
276,221 
Current assets
Debtors
51,033 
47,657 
Cash at bank and in hand
3,166 
3,551 
54,199 
51,208 
Creditors: amounts falling due within one year
(73,774)
(82,401)
Net current liabilities
(19,575)
(31,193)
Total assets less current liabilities
244,305 
245,028 
Creditors: amounts falling due after more than one year
(12,385)
(13,945)
Provisions for liabilities
Deferred tax
(6,925)
(8,664)
Net assets
224,995 
222,419 
Capital and reserves
Called up share capital
200 
200 
Profit and loss account
224,795 
222,219 
Shareholders' funds
224,995 
222,419 
For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 September 2023 and were signed on its behalf by
C V Marletta Director Company Registration No. 08308146
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INDISPENSABLE TRAINING LIMITED Notes to the Accounts for the year ended 31 December 2022
1
Statutory information
INDISPENSABLE TRAINING LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08308146. The registered office is 23 ROYAL VIEW VICTORIA BRIDGE ROAD, BATH, BA2 3GG, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% Straight Line
Fixtures & fittings
15% Reducing Balance
Computer equipment
33% Reducing Balance
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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INDISPENSABLE TRAINING LIMITED Notes to the Accounts for the year ended 31 December 2022
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2022
262,722 
109,736 
5,374 
377,832 
At 31 December 2022
262,722 
109,736 
5,374 
377,832 
Depreciation
At 1 January 2022
32,840 
64,135 
4,636 
101,611 
Charge for the year
5,255 
6,840 
246 
12,341 
At 31 December 2022
38,095 
70,975 
4,882 
113,952 
Net book value
At 31 December 2022
224,627 
38,761 
492 
263,880 
At 31 December 2021
229,882 
45,601 
738 
276,221 
5
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Other debtors
51,033 
47,657 
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Bank loans and overdrafts
3,450 
3,450 
VAT
2,073 
484 
Trade creditors
- 
1,657 
Taxes and social security
26,922 
32,471 
Other creditors
40,279 
41,239 
Accruals
1,050 
1,900 
Deferred income
- 
1,200 
73,774 
82,401 
7
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
12,385 
13,945 
8
Share capital
2022 
2021 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
100 B Shares of £1 each
100 
100 
200 
200 
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INDISPENSABLE TRAINING LIMITED Notes to the Accounts for the year ended 31 December 2022
9
Loans to directors
During the year beneficial loan interest of £1,0110 (2020 - £300) was due at a rate of 2.5% on the balance of £47,657 (2020 - £19,788) on an advance made to C V Marletta.
10
Transactions with related parties
The Company has advanced £0 (2020 - £16,590) to Indispensable Travel Ltd and owes £41,239 (2020 - £58,749) to Indispensable Ltd and both Companies are controlled by C V Marletta the sole director and shareholder.
11
Average number of employees
During the year the average number of employees was 1 (2021: 1).
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