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REGISTERED NUMBER: 10332733 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

FOR

FIRST THOUGHT TRAINING LTD

FIRST THOUGHT TRAINING LTD (REGISTERED NUMBER: 10332733)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FIRST THOUGHT TRAINING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTOR: Miss P M Duriez





SECRETARY:





REGISTERED OFFICE: 14 Farndale Road
Sutton in Ashfield
Nottinghamshire
NG17 4DJ





REGISTERED NUMBER: 10332733 (England and Wales)





ACCOUNTANTS: Anderson & Co
18 Diamond Avenue
Kirkby in Ashfield
Nottinghamshire
NG17 7GR

FIRST THOUGHT TRAINING LTD (REGISTERED NUMBER: 10332733)

BALANCE SHEET
31 AUGUST 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,076 1,656

CURRENT ASSETS
Debtors 5 18,700 12,262
Cash at bank 259,259 206,652
277,959 218,914
CREDITORS
Amounts falling due within one year 6 89,048 99,504
NET CURRENT ASSETS 188,911 119,410
TOTAL ASSETS LESS CURRENT
LIABILITIES

190,987

121,066

PROVISIONS FOR LIABILITIES 315 315
NET ASSETS 190,672 120,751

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 190,671 120,750
SHAREHOLDERS' FUNDS 190,672 120,751

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

FIRST THOUGHT TRAINING LTD (REGISTERED NUMBER: 10332733)

BALANCE SHEET - continued
31 AUGUST 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 November 2023 and were signed by:





Miss P M Duriez - Director


FIRST THOUGHT TRAINING LTD (REGISTERED NUMBER: 10332733)

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

1. STATUTORY INFORMATION

First Thought Training 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.

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.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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 NIL (2022 - NIL).

FIRST THOUGHT TRAINING LTD (REGISTERED NUMBER: 10332733)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 September 2022 150 2,896 3,046
Additions 1,112 - 1,112
At 31 August 2023 1,262 2,896 4,158
DEPRECIATION
At 1 September 2022 114 1,276 1,390
Charge for year 287 405 692
At 31 August 2023 401 1,681 2,082
NET BOOK VALUE
At 31 August 2023 861 1,215 2,076
At 31 August 2022 36 1,620 1,656

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 18,700 12,120
PAYE / NI debtor - 142
18,700 12,262

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade creditors 192 -
Corporation tax 28,818 27,561
Social security and other taxes 42 -
VAT 7,717 17
Directors' current accounts 31,769 41,414
Deferred income 19,400 29,550
Accrued expenses 1,110 962
89,048 99,504