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REGISTERED NUMBER: 06803736 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JULY 2021 TO 29 JUNE 2022

FOR

THE NVQ TRAINING CENTRE LIMITED

THE NVQ TRAINING CENTRE LIMITED (REGISTERED NUMBER: 06803736)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JULY 2021 TO 29 JUNE 2022










Page

Statement of Financial Position 1 to 2

Notes to the Financial Statements 3 to 7


THE NVQ TRAINING CENTRE LIMITED (REGISTERED NUMBER: 06803736)

STATEMENT OF FINANCIAL POSITION
29 JUNE 2022

29.6.22 30.6.21
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 8,521 10,651
Investments 5 106 106
8,627 10,757

CURRENT ASSETS
Debtors 6 437,699 420,870
Cash at bank 1,789 77,302
439,488 498,172
CREDITORS
Amounts falling due within one year 7 (350,023 ) (330,723 )
NET CURRENT ASSETS 89,465 167,449
TOTAL ASSETS LESS CURRENT
LIABILITIES

98,092

178,206

CREDITORS
Amounts falling due after more than one
year

8

(29,741

)

(37,585

)

PROVISIONS FOR LIABILITIES (2,130 ) (2,024 )
NET ASSETS 66,221 138,597

CAPITAL AND RESERVES
Called up share capital 66 66
Capital redemption reserve 33 33
Retained earnings 66,122 138,498
66,221 138,597

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 June 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 June 2022 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 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.

THE NVQ TRAINING CENTRE LIMITED (REGISTERED NUMBER: 06803736)

STATEMENT OF FINANCIAL POSITION - continued
29 JUNE 2022


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 7 November 2023 and were signed on its behalf by:





P A Carey - Director


THE NVQ TRAINING CENTRE LIMITED (REGISTERED NUMBER: 06803736)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JULY 2021 TO 29 JUNE 2022


1. STATUTORY INFORMATION

THE NVQ TRAINING CENTRE LIMITED is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06803736

Registered office: Park Business Centre
Wood Lane
Erdington
Birmingham
West Midlands
B24 9QR

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.

The financial statements are prepared in sterling, which is the functional currency of the entity.

PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS
The financial statements contain information about THE NVQ TRAINING CENTRE 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.

SIGNIFICANT JUDGEMENTS AND ESTIMATES
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

(i) Estimated useful lives and residual values of fixed assets

Depreciation of tangible fixed assets has been based on estimated useful lives and residual values deemed appropriate by the directors. Estimated useful lives and residual values are reviewed annually and revised as appropriate. Revisions take into account estimated useful lives used by other companies operating in the sector and actual asset lives and residual values, as evidenced by disposals during the current and prior accounting periods.

REVENUE
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from the rendering of services is recognised by reference to the stage of completion at the balance sheet date; the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

THE NVQ TRAINING CENTRE LIMITED (REGISTERED NUMBER: 06803736)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JULY 2021 TO 29 JUNE 2022


2. ACCOUNTING POLICIES - continued

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 - 20% reducing balance

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

INVESTMENTS IN SUBSIDIARIES
Investments in subsidiary undertakings are recognised at cost.

FINANCIAL INSTRUMENTS
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

TAXATION
Taxation for the period 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 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 statement of financial position date.


THE NVQ TRAINING CENTRE LIMITED (REGISTERED NUMBER: 06803736)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JULY 2021 TO 29 JUNE 2022


2. ACCOUNTING POLICIES - continued
DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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 profit or loss 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.

PROVISIONS
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset.

INVESTMENT IN ASSOCIATES
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.

Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted.

Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 19 (2021 - 19 ) .

THE NVQ TRAINING CENTRE LIMITED (REGISTERED NUMBER: 06803736)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JULY 2021 TO 29 JUNE 2022


4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and
fittings
£   
COST
At 1 July 2021
and 29 June 2022 52,380
DEPRECIATION
At 1 July 2021 41,729
Charge for period 2,130
At 29 June 2022 43,859
NET BOOK VALUE
At 29 June 2022 8,521
At 30 June 2021 10,651

5. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 July 2021
and 29 June 2022 106
NET BOOK VALUE
At 29 June 2022 106
At 30 June 2021 106

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.6.22 30.6.21
£    £   
Trade debtors 127,625 140,685
Amounts owed by group undertakings 79,122 71,002
Other debtors 230,952 209,183
437,699 420,870

Amounts owed by group undertakings are unsecured, interest free, have no fixed date of repayment and are repayable on demand.

THE NVQ TRAINING CENTRE LIMITED (REGISTERED NUMBER: 06803736)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JULY 2021 TO 29 JUNE 2022


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.6.22 30.6.21
£    £   
Bank loans and overdrafts 7,841 15,649
Trade creditors 60,782 30,410
Taxation and social security 267,538 274,982
Other creditors 13,862 9,682
350,023 330,723

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.6.22 30.6.21
£    £   
Bank loans 29,741 37,585

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 29 June 2022 and the year ended 30 June 2021:

29.6.22 30.6.21
£    £   
P A Carey
Balance outstanding at start of period 60,544 56,000
Amounts advanced 69,390 73,689
Amounts repaid (53,887 ) (69,145 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 76,047 60,544

M Webber
Balance outstanding at start of period 88,918 85,916
Amounts advanced 54,168 71,805
Amounts repaid (53,502 ) (68,803 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 89,584 88,918

10. RELATED PARTY DISCLOSURES

All transactions undertaken with the directors are deemed to be conducted under normal market conditions and/or are not material.

The company has taken advantage of the exemption from the disclosures required by paragraph 33.1A of Financial Reporting Standard 102 regarding transactions between fellow group companies.