Silverfin false 31/03/2023 01/04/2022 31/03/2023 C A R Croft 22/01/2004 S L Croft 22/01/2004 22 November 2023 The principal activity of the Company during the financial year was the provision of training services. 05023412 2023-03-31 05023412 bus:Director1 2023-03-31 05023412 bus:Director2 2023-03-31 05023412 2022-03-31 05023412 core:CurrentFinancialInstruments 2023-03-31 05023412 core:CurrentFinancialInstruments 2022-03-31 05023412 core:ShareCapital 2023-03-31 05023412 core:ShareCapital 2022-03-31 05023412 core:RetainedEarningsAccumulatedLosses 2023-03-31 05023412 core:RetainedEarningsAccumulatedLosses 2022-03-31 05023412 core:Goodwill 2022-03-31 05023412 core:Goodwill 2023-03-31 05023412 core:OtherPropertyPlantEquipment 2022-03-31 05023412 core:OtherPropertyPlantEquipment 2023-03-31 05023412 core:CostValuation 2022-03-31 05023412 core:AdditionsToInvestments 2023-03-31 05023412 core:CostValuation 2023-03-31 05023412 core:ProvisionsForImpairmentInvestments 2022-03-31 05023412 core:ProvisionsForImpairmentInvestments 2023-03-31 05023412 2022-04-01 2023-03-31 05023412 bus:FullAccounts 2022-04-01 2023-03-31 05023412 bus:SmallEntities 2022-04-01 2023-03-31 05023412 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 05023412 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 05023412 bus:Director1 2022-04-01 2023-03-31 05023412 bus:Director2 2022-04-01 2023-03-31 05023412 core:Goodwill core:TopRangeValue 2022-04-01 2023-03-31 05023412 core:OtherPropertyPlantEquipment 2022-04-01 2023-03-31 05023412 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure

Company No: 05023412 (England and Wales)

CHRIS CROFT TRAINING LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2023
Pages for filing with the registrar

CHRIS CROFT TRAINING LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2023

Contents

CHRIS CROFT TRAINING LIMITED

BALANCE SHEET

As at 31 March 2023
CHRIS CROFT TRAINING LIMITED

BALANCE SHEET (continued)

As at 31 March 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 4 2,758 2,189
Investments 5 750,000 630,000
752,758 632,189
Current assets
Debtors 6 195,867 26,056
Cash at bank and in hand 1,330,727 1,150,955
1,526,594 1,177,011
Creditors: amounts falling due within one year 7 ( 214,926) ( 200,030)
Net current assets 1,311,668 976,981
Total assets less current liabilities 2,064,426 1,609,170
Provision for liabilities ( 523) ( 416)
Net assets 2,063,903 1,608,754
Capital and reserves
Called-up share capital 100 100
Profit and loss account 2,063,803 1,608,654
Total shareholders' funds 2,063,903 1,608,754

For the financial year ending 31 March 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Chris Croft Training Limited (registered number: 05023412) were approved and authorised for issue by the Board of Directors on 22 November 2023. They were signed on its behalf by:

C A R Croft
Director
CHRIS CROFT TRAINING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
CHRIS CROFT TRAINING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Chris Croft Training Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 34 Parkstone Heights, Poole, Dorset, BH14 0QH, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 10 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Plant and machinery etc. 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 April 2022 175,000 175,000
At 31 March 2023 175,000 175,000
Accumulated amortisation
At 01 April 2022 175,000 175,000
At 31 March 2023 175,000 175,000
Net book value
At 31 March 2023 0 0
At 31 March 2022 0 0

4. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 April 2022 12,984 12,984
Additions 1,191 1,191
At 31 March 2023 14,175 14,175
Accumulated depreciation
At 01 April 2022 10,795 10,795
Charge for the financial year 622 622
At 31 March 2023 11,417 11,417
Net book value
At 31 March 2023 2,758 2,758
At 31 March 2022 2,189 2,189

5. Fixed asset investments

Listed investments Total
£ £
Carrying value before impairment
At 01 April 2022 630,000 630,000
Additions 120,000 120,000
At 31 March 2023 750,000 750,000
Provisions for impairment
At 01 April 2022 0 0
At 31 March 2023 0 0
Carrying value at 31 March 2023 750,000 750,000
Carrying value at 31 March 2022 630,000 630,000

The above investment is in the accounts at historic cost. The Market value at the 5th April 2023 according to the broker is £746,863

6. Debtors

2023 2022
£ £
Trade debtors 8,953 13,296
Amounts owed by Group undertakings 181,434 0
Other debtors 5,480 12,760
195,867 26,056

7. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 566 601
Taxation and social security 207,594 196,429
Other creditors 6,766 3,000
214,926 200,030