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Company Registration No. 8118366 (England and Wales)
TRAIN TO WIN ASSOCIATION Unaudited accounts for the year ended 30 June 2023
TRAIN TO WIN ASSOCIATION Unaudited accounts Contents
Page
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TRAIN TO WIN ASSOCIATION Company Information for the year ended 30 June 2023
Directors
Oksana Beletskaja Timur Beletski Aleksei Kobrissov
Company Number
8118366 (England and Wales)
Registered Office
60B Highfield Road London England N21 3HL
Accountants
Adamant Accountants Ltd Office S8, Boleyn House 776-778 Barking Road London E13 9PJ
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TRAIN TO WIN ASSOCIATION Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
13 
Investments
6,345 
8,812 
6,345 
8,825 
Current assets
Debtors
4,735 
2,491 
Cash at bank and in hand
2,235 
3,606 
6,970 
6,097 
Creditors: amounts falling due within one year
(10,031)
(10,211)
Net current liabilities
(3,061)
(4,114)
Net assets
3,284 
4,711 
Reserves
Profit and loss account
3,284 
4,711 
Members' funds
3,284 
4,711 
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 September 2023 and were signed on its behalf by
Timur Beletski Director Company Registration No. 8118366
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TRAIN TO WIN ASSOCIATION Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
TRAIN TO WIN ASSOCIATION is a private company, limited by guarantee, registered in England and Wales, registration number 8118366. The registered office is 60B Highfield Road, London, England, N21 3HL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets. The principal accounting polices adopted are set out below.
Presentation currency
The accounts are presented in £ sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
3.1. Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably. Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.
3.2. Tangible fixed assets and depreciation
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33.3% on cost
3.3. Cash at bank and in hands
Cash at bank and in hands are basic financial assets and include cash in hand and deposits held with financial institutions repayable without penalty on notice of no more than 24 hours.
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TRAIN TO WIN ASSOCIATION Notes to the Accounts for the year ended 30 June 2023
3.4. Financial instruments
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Debtors and creditors with no stated interest rate and receivable or payable within one year are measured at transaction price. Any losses arising from impairment are recognised in the profit and loss account.
3.5. Equity instruments
Equity instruments issued by the company are recognised at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
3.6. Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current Tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been substantively enacted by the reporting end date.
Deferred Tax
Deferred tax liabilities are generally recognised for all timing differences and differed tax assets that are recognised to extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 July 2022
1,596 
Disposals
(1,596)
At 30 June 2023
- 
Depreciation
At 1 July 2022
1,583 
Charge for the year
13 
On disposals
(1,596)
At 30 June 2023
- 
Net book value
At 30 June 2023
- 
At 30 June 2022
13 
5
Investments
Other investments 
£ 
Valuation at 1 July 2022
8,812 
Disposals
(2,467)
Valuation at 30 June 2023
6,345 
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TRAIN TO WIN ASSOCIATION Notes to the Accounts for the year ended 30 June 2023
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
4,598 
2,354 
Amounts falling due after more than one year
Trade debtors
137 
137 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
207 
459 
Taxes and social security
- 
340 
Loans from directors
9,824 
9,412 
10,031 
10,211 
8
Company limited by guarantee
The company is limited by guarantee and has no share capital. Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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