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REGISTERED NUMBER: 04345673 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Management Training & Development Ltd

Management Training & Development Ltd (Registered number: 04345673)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Management Training & Development Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: S E McPheat
D McPheat





SECRETARY: D McPheat





REGISTERED OFFICE: 5 Orchard Court
Binley Business Park
Binley
Coventry
West Midlands
CV3 2TQ





REGISTERED NUMBER: 04345673 (England and Wales)





ACCOUNTANTS: Leigh Christou Ltd
Chartered Certified Accountants
Leofric House
Binley Road
Coventry
CV3 1JN

Management Training & Development Ltd (Registered number: 04345673)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 31,809 27,844

CURRENT ASSETS
Debtors 5 284,027 252,131
Cash at bank and in hand 626,893 481,593
910,920 733,724
CREDITORS
Amounts falling due within one year 6 568,692 492,985
NET CURRENT ASSETS 342,228 240,739
TOTAL ASSETS LESS CURRENT
LIABILITIES

374,037

268,583

PROVISIONS FOR LIABILITIES 7,124 3,014
NET ASSETS 366,913 265,569

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 366,909 265,565
366,913 265,569

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

Management Training & Development Ltd (Registered number: 04345673)

Balance Sheet - continued
31 March 2023


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 29 September 2023 and were signed on its behalf by:




S E McPheat - Director



D McPheat - Director


Management Training & Development Ltd (Registered number: 04345673)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Management Training & Development 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 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 transaction price and represents amounts receivable for goods and services provided in the normal course of business, net of discounts and other sales-related taxes. Turnover is recognised at a point in time when a performance obligation is satisfied by transferring a good or service to the customer. Turnover is recognised over time when a performance obligation is satisfied by the customer simultaneously receiving and consuming the benefits over the period of the contract.

When payment is received in advance of a performance obligation being satisfied, it is recorded on the Balance Sheet as deferred income. Turnover is then recognised at the point in time or over the period that the performance obligation is satisfied.

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 - 50% on cost and 25% on cost
Motor vehicles - 25% on cost
Office equipment - 50% on cost and 25% on cost

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.

Management Training & Development Ltd (Registered number: 04345673)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

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 19 (2022 - 14 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Office
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 108,895 9,242 47,661 165,798
Additions 15,232 - 11,072 26,304
Disposals - - (1,389 ) (1,389 )
At 31 March 2023 124,127 9,242 57,344 190,713
DEPRECIATION
At 1 April 2022 88,661 9,242 40,051 137,954
Charge for year 18,446 - 3,849 22,295
Eliminated on disposal - - (1,345 ) (1,345 )
At 31 March 2023 107,107 9,242 42,555 158,904
NET BOOK VALUE
At 31 March 2023 17,020 - 14,789 31,809
At 31 March 2022 20,234 - 7,610 27,844

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 233,955 202,380
Amounts owed by group undertakings - 1,294
Other debtors 3,987 2,563
Prepayments 46,085 45,894
284,027 252,131

Management Training & Development Ltd (Registered number: 04345673)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 107,426 90,325
Amounts owed to group undertakings 4,193 4,130
Tax 78,553 77,859
VAT 91,680 61,856
Other creditors 7,602 6,275
Accrued expenses 279,238 252,540
568,692 492,985

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.23 31.3.22
£    £   
Within one year 37,400 37,400
Between one and five years 8,710 46,110
46,110 83,510

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23 31.3.22
£    £   
S E McPheat and D McPheat
Balance outstanding at start of year - -
Amounts advanced 226,696 157,824
Amounts repaid (226,696 ) (157,824 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

9. ULTIMATE CONTROLLING PARTY

The Ultimate Controlling Party is the directors by virtue of their shareholdings in MCP Group Holdings Limited.