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REGISTERED NUMBER: 07677028 (England and Wales)













Financial Statements

for the Year Ended 31 March 2023

for

3B TRAINING LIMITED

3B TRAINING LIMITED (REGISTERED NUMBER: 07677028)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


3B TRAINING LIMITED

Company Information
FOR THE YEAR ENDED 31 MARCH 2023







Directors: M R Bewley
J Brooks
D E S Brooks





Secretary: J Brooks





Registered office: Stratus House Swan Lane
Hindley Green
Wigan
WN2 4EY





Registered number: 07677028 (England and Wales)





Auditors: NRB
1st Floor Waterside House
Waterside Drive
Wigan
Lancashire
WN3 5AZ

3B TRAINING LIMITED (REGISTERED NUMBER: 07677028)

Balance Sheet
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 10,785 -
Tangible assets 5 225,263 60,352
Investments 6 250,000 -
486,048 60,352

CURRENT ASSETS
Stocks 61,225 29,994
Debtors 7 909,829 661,952
Cash at bank 482,927 754,703
1,453,981 1,446,649
CREDITORS
Amounts falling due within one year 8 1,396,599 1,229,766
NET CURRENT ASSETS 57,382 216,883
TOTAL ASSETS LESS CURRENT
LIABILITIES

543,430

277,235

CREDITORS
Amounts falling due after more than one year 9 (320,285 ) (53,997 )

PROVISIONS FOR LIABILITIES 11 (56,316 ) (11,467 )
NET ASSETS 166,829 211,771

CAPITAL AND RESERVES
Called up share capital 12 150 150
Retained earnings 166,679 211,621
SHAREHOLDERS' FUNDS 166,829 211,771

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 2 November 2023 and were signed on its behalf by:





D E S Brooks - Director


3B TRAINING LIMITED (REGISTERED NUMBER: 07677028)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

3B 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.

Preparation of consolidated financial statements
The financial statements contain information about 3B Training Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover relates to course fees received from customers to allow delegates to be able to attend training courses. These fees are recognised once the course has started, except for NVQ courses which recognises 50% at the start of the course and the remaining 50% once the delegate has completed the course.

Intangible assets
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.

Development costs are being amortised evenly over their estimated useful life of three years.

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 - Straight line over the life of the lease
Fixtures and fittings - 33.3% on cost
Motor vehicles - 30% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any impairments.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 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.


3B TRAINING LIMITED (REGISTERED NUMBER: 07677028)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2023

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.

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 61 (2022 - 39 ) .

4. INTANGIBLE FIXED ASSETS
Development
costs
£   
COST
Additions 16,178
At 31 March 2023 16,178
AMORTISATION
Amortisation for year 5,393
At 31 March 2023 5,393
NET BOOK VALUE
At 31 March 2023 10,785

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2022 14,386 92,978 37,242 144,606
Additions 13,468 70,656 148,612 232,736
At 31 March 2023 27,854 163,634 185,854 377,342
DEPRECIATION
At 1 April 2022 9,088 50,620 24,546 84,254
Charge for year 8,631 35,885 23,309 67,825
At 31 March 2023 17,719 86,505 47,855 152,079
NET BOOK VALUE
At 31 March 2023 10,135 77,129 137,999 225,263
At 31 March 2022 5,298 42,358 12,696 60,352

3B TRAINING LIMITED (REGISTERED NUMBER: 07677028)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2023

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 250,000
At 31 March 2023 250,000
NET BOOK VALUE
At 31 March 2023 250,000

The investments in subsidiary undertakings are recognised at cost less any impairments.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 701,733 531,039
Amounts owed by group undertakings 38,000 -
Other debtors 170,096 130,913
909,829 661,952

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 112,849 36,743
Hire purchase contracts 23,816 -
Trade creditors 245,696 268,714
Taxation and social security 211,233 255,657
Other creditors 803,005 668,652
1,396,599 1,229,766

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans 218,296 53,997
Hire purchase contracts 101,989 -
320,285 53,997

10. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Hire purchase contracts 125,805 -

11. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£    £   
Deferred tax 56,316 11,467

3B TRAINING LIMITED (REGISTERED NUMBER: 07677028)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2023

11. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2022 11,467
Provided during year 44,849
Balance at 31 March 2023 56,316

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
50 Ordinary A 1 50 50
50 Ordinary B 1 50 50
50 Ordinary C 1 50 50
150 150

13. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Neil Whittingham BA(Hons) FCA ATT (Senior Statutory Auditor)
for and on behalf of NRB