2022-02-012023-07-312023-07-31false02751884INSURANCE TRAINING & MARKETING 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INSURANCE TRAINING & MARKETING LIMITED

Registered Number
02751884
(England and Wales)

Unaudited Financial Statements for the Period ended
31 July 2023

INSURANCE TRAINING & MARKETING LIMITED
Company Information
for the period from 1 February 2022 to 31 July 2023

Director

Nigel Kube

Registered Address

1 Spinney Close
Groby
Leicester
LE6 0BY

Registered Number

02751884 (England and Wales)
INSURANCE TRAINING & MARKETING LIMITED
Balance Sheet as at
31 July 2023

Notes

31 Jul 2023

31 Jan 2022

£

£

£

£

Fixed assets
Intangible assets69,600-
Tangible assets713,57916,809
23,17916,809
Current assets
Debtors8189,20138,212
Cash at bank and on hand382,306215,276
571,507253,488
Creditors amounts falling due within one year9(281,441)(117,790)
Net current assets (liabilities)290,066135,698
Total assets less current liabilities313,245152,507
Net assets313,245152,507
Capital and reserves
Called up share capital6060
Other reserves4040
Profit and loss account313,145152,407
Shareholders' funds313,245152,507
The financial statements were approved and authorised for issue by the Director on 10 October 2023, and are signed on its behalf by:
Nigel Kube
Director
Registered Company No. 02751884
INSURANCE TRAINING & MARKETING LIMITED
Notes to the Financial Statements
for the period ended 31 July 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Principal activities
Provision of swimming lessons
4.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Intangible assets policy
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.
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
5.Employee information

20232022
Average number of employees during the year2020
6.Intangible assets

Goodwill

Total

££
Cost or valuation
Additions12,00012,000
At 31 July 2312,00012,000
Amortisation and impairment
Charge for year2,4002,400
At 31 July 232,4002,400
Net book value
At 31 July 239,6009,600
At 31 January 22--
7.Property, plant and equipment

Land & buildings

Plant & machinery

Vehicles

Office Equipment

Total

£££££
Cost or valuation
At 01 February 2218,8739,98125,86964,259118,982
Additions---1,3581,358
At 31 July 2318,8739,98125,86965,617120,340
Depreciation and impairment
At 01 February 2217,0774,87017,53162,695102,173
Charge for year8981,0221,6671,0014,588
At 31 July 2317,9755,89219,19863,696106,761
Net book value
At 31 July 238984,0896,6711,92113,579
At 31 January 221,7965,1118,3381,56416,809
8.Debtors

2023

2022

££
Other debtors187,40638,212
Prepayments and accrued income1,795-
Total189,20138,212
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
9.Creditors within one year

2023

2022

££
Trade creditors / trade payables3,9219,302
Taxation and social security147,63949,020
Other creditors381125
Accrued liabilities and deferred income129,50059,343
Total281,441117,790
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.