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REGISTERED NUMBER: 11635568 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2022

FOR

TAKE POINT TRAINING LIMITED

TAKE POINT TRAINING LIMITED (REGISTERED NUMBER: 11635568)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TAKE POINT TRAINING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2022







DIRECTOR: S W Pascoe





REGISTERED OFFICE: Treetops
Mylor Downs
FALMOUTH
Cornwall
TR11 5UL





REGISTERED NUMBER: 11635568 (England and Wales)





ACCOUNTANTS: Lang Bennetts
The Old Carriage Works
Moresk Road
TRURO
Cornwall
TR1 1DG

TAKE POINT TRAINING LIMITED (REGISTERED NUMBER: 11635568)

BALANCE SHEET
31 OCTOBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 72,369 86,599

CURRENT ASSETS
Debtors 5 129,910 765
Cash at bank and in hand 34,619 137,057
164,529 137,822
CREDITORS
Amounts falling due within one year 6 468,430 62,093
NET CURRENT (LIABILITIES)/ASSETS (303,901 ) 75,729
TOTAL ASSETS LESS CURRENT
LIABILITIES

(231,532

)

162,328

CREDITORS
Amounts falling due after more than one year 7 (131,411 ) (35,344 )

PROVISIONS FOR LIABILITIES - (16,454 )
NET (LIABILITIES)/ASSETS (362,943 ) 110,530

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (363,043 ) 110,430
(362,943 ) 110,530

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

TAKE POINT TRAINING LIMITED (REGISTERED NUMBER: 11635568)

BALANCE SHEET - continued
31 OCTOBER 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 October 2023 and were signed by:





S W Pascoe - Director


TAKE POINT TRAINING LIMITED (REGISTERED NUMBER: 11635568)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

1. STATUTORY INFORMATION

Take Point Training Limited 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.

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.

Going concern
The company has net current liabilities and net liabilities in its balance sheet of £303,901 and £362,943 respectively having incurred a loss of £473,473 in the year ended 31 October 2022.

The company has been working to build its business in anticipation of future growth, and the expenditure for the year exceeded the income.

At 31 October 2022, the company has deferred income amounting to £213,637 which will be released to income in 2023 in line with the accounting policy on revenue recognition, and the director's projections indicate a return to profitability in the year ending 31 October 2023.

In the meantime the company is supported by loans from its director and other funders and on the basis of that support continuing the director considers the company to be a going concern and has prepared the accounts accordingly.

Turnover
Revenue for provision of services is recognised when it is probable that an economic benefit will flow to the entity and the revenue and costs can be reliably measured.

For continuing services, revenue is recognised when the stage of completion can be reliably measured using a percentage of completion method.

For training services this means that where income is invoiced in advance, it is deferred and recognised as revenue in the periods in which the training is delivered.

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 - 20% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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.


TAKE POINT TRAINING LIMITED (REGISTERED NUMBER: 11635568)

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

2. ACCOUNTING POLICIES - continued
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.

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 25 (2021 - 17 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 November 2021 46,483 6,643 50,490 103,616
Additions 6,575 573 - 7,148
At 31 October 2022 53,058 7,216 50,490 110,764
DEPRECIATION
At 1 November 2021 11,889 974 4,154 17,017
Charge for year 8,234 1,560 11,584 21,378
At 31 October 2022 20,123 2,534 15,738 38,395
NET BOOK VALUE
At 31 October 2022 32,935 4,682 34,752 72,369
At 31 October 2021 34,594 5,669 46,336 86,599

TAKE POINT TRAINING LIMITED (REGISTERED NUMBER: 11635568)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 122,344 -
Other debtors 7,566 765
129,910 765

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 10,342 10,221
Trade creditors 34,334 -
Taxation and social security 39,535 49,026
Other creditors 384,219 2,846
468,430 62,093

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans 30,397 35,344
Other creditors 101,014 -
131,411 35,344