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REGISTERED NUMBER: 01991498 (England and Wales)


















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

WARWICKSHIRE GARAGE & TRANSPORT GROUP
TRAINING ASSOCIATION LIMITED

WARWICKSHIRE GARAGE & TRANSPORT GROUP
TRAINING ASSOCIATION LIMITED (REGISTERED NUMBER: 01991498)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WARWICKSHIRE GARAGE & TRANSPORT GROUP
TRAINING ASSOCIATION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: Mr S A Davis
Mr S J Taylor
Mr D M Kirby
Mr R A Warrington
Mr J Poulter





REGISTERED OFFICE: 44 Holly Walk
Leamington Spa
Warwickshire
CV32 4HY





REGISTERED NUMBER: 01991498 (England and Wales)





ACCOUNTANTS: TGFP
Chartered Accountants
Fulford House
Newbold Terrace
Leamington Spa
Warwickshire
CV32 4EA

WARWICKSHIRE GARAGE & TRANSPORT GROUP
TRAINING ASSOCIATION LIMITED (REGISTERED NUMBER: 01991498)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,138 1,102

CURRENT ASSETS
Debtors 5 39,522 35,739
Cash at bank and in hand 698,803 761,188
738,325 796,927
CREDITORS
Amounts falling due within one year 6 4,483 4,725
NET CURRENT ASSETS 733,842 792,202
TOTAL ASSETS LESS CURRENT
LIABILITIES

734,980

793,304

RESERVES
Income and expenditure account 734,980 793,304
734,980 793,304

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 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 surplus or deficit 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 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 9 November 2023 and were signed on its behalf by:



Mr S A Davis - Director


WARWICKSHIRE GARAGE & TRANSPORT GROUP
TRAINING ASSOCIATION LIMITED (REGISTERED NUMBER: 01991498)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023


1. STATUTORY INFORMATION

Warwickshire Garage & Transport Group Training Association Limited is a private company, limited by guarantee , 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 fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 etc - 33% on cost and 25% on cost

Financial instruments
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

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 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.


WARWICKSHIRE GARAGE & TRANSPORT GROUP
TRAINING ASSOCIATION LIMITED (REGISTERED NUMBER: 01991498)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to surplus or deficit 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 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022 40,204
Additions 1,327
Disposals (17,125 )
At 31 July 2023 24,406
DEPRECIATION
At 1 August 2022 39,102
Charge for year 1,291
Eliminated on disposal (17,125 )
At 31 July 2023 23,268
NET BOOK VALUE
At 31 July 2023 1,138
At 31 July 2022 1,102

WARWICKSHIRE GARAGE & TRANSPORT GROUP
TRAINING ASSOCIATION LIMITED (REGISTERED NUMBER: 01991498)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 22,104 20,698
Other debtors 17,418 15,041
39,522 35,739

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 1,469 1,880
Other creditors 3,014 2,845
4,483 4,725