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REGISTERED NUMBER: 12761251 (England and Wales)














THE TRAINING CLUB OFFICIAL LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023






THE TRAINING CLUB OFFICIAL LTD (REGISTERED NUMBER: 12761251)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


THE TRAINING CLUB OFFICIAL LTD

COMPANY INFORMATION
for the Year Ended 31 July 2023







DIRECTOR: R Colquhoun





REGISTERED OFFICE: Unit 20 Stirling Close
Washington
NE38 8QD





REGISTERED NUMBER: 12761251 (England and Wales)





ACCOUNTANTS: Miller & Co
Chartered Accountants
5 Imperial Court
Laporte Way
Luton
Bedfordshire
LU4 8FE

THE TRAINING CLUB OFFICIAL LTD (REGISTERED NUMBER: 12761251)

STATEMENT OF FINANCIAL POSITION
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 78,464 21,446

CURRENT ASSETS
Debtors 6 3,950 2,889
Cash at bank 14,567 14,385
18,517 17,274
CREDITORS
Amounts falling due within one year 7 62,598 35,863
NET CURRENT LIABILITIES (44,081 ) (18,589 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

34,383

2,857

PROVISIONS FOR LIABILITIES 11,782 2,750
NET ASSETS 22,601 107

CAPITAL AND RESERVES
Called up, paid and allotted share capital 10 10
Retained earnings 22,591 97
SHAREHOLDERS' FUNDS 22,601 107

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

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

THE TRAINING CLUB OFFICIAL LTD (REGISTERED NUMBER: 12761251)

STATEMENT OF FINANCIAL POSITION - continued
31 July 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 director and authorised for issue on 8 September 2023 and were signed by:





R Colquhoun - Director


THE TRAINING CLUB OFFICIAL LTD (REGISTERED NUMBER: 12761251)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

The Training Club Official 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.

The presentation currency of the financial statements is the Pound Sterling, rounded to the nearest pound.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Income recognition
Income is recognised when goods/services have been provided to customers such that risks and rewards of ownership have been transferred to them.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - over the lease term
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 4 ) .

THE TRAINING CLUB OFFICIAL LTD (REGISTERED NUMBER: 12761251)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2023

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 August 2022 - 32,445 - 1,636 34,081
Additions 24,683 47,284 16,846 1,315 90,128
At 31 July 2023 24,683 79,729 16,846 2,951 124,209
DEPRECIATION
At 1 August 2022 - 12,225 - 410 12,635
Charge for year 8,227 19,933 4,211 739 33,110
At 31 July 2023 8,227 32,158 4,211 1,149 45,745
NET BOOK VALUE
At 31 July 2023 16,456 47,571 12,635 1,802 78,464
At 31 July 2022 - 20,220 - 1,226 21,446

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 3,950 2,889

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 7,261 10,741
Other creditors 55,337 25,122
62,598 35,863

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 16,000 -
Between one and five years 22,667 -
38,667 -

9. RELATED PARTY DISCLOSURES

The director operates a loan account with the company. During the year, additional loans in aggregate of £21,231 were provided by the director. At the year end, the company owed the director £42,340.