2022-03-012023-02-282023-02-28false11189378THE INDEPENDENT TRAINING & TESTING COMPANY 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THE INDEPENDENT TRAINING & TESTING COMPANY LIMITED

(formerly INDEPENDENT TAXI TRAINING COMPANY LIMITED)

Registered Number
11189378
(England and Wales)

Unaudited Financial Statements for the Year ended
28 February 2023

THE INDEPENDENT TRAINING & TESTING COMPANY LIMITED
Company Information
for the year from 1 March 2022 to 28 February 2023

Directors

ROCHE, Kieran
RUSSELL, Steven

Company Secretary

RUSSELL, Steven

Registered Address

Abacus House
Caxton Place
Cardiff
CF23 8HA

Registered Number

11189378 (England and Wales)
THE INDEPENDENT TRAINING & TESTING COMPANY LIMITED
Balance Sheet as at
28 February 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets62,712510
2,712510
Current assets
Cash at bank and on hand5,0747,303
5,0747,303
Creditors amounts falling due within one year7(9,981)(5,742)
Net current assets (liabilities)(4,907)1,561
Total assets less current liabilities(2,195)2,071
Net assets(2,195)2,071
Capital and reserves
Called up share capital100100
Profit and loss account(2,295)1,971
Shareholders' funds(2,195)2,071
The financial statements were approved and authorised for issue by the Board of Directors on 27 November 2023, and are signed on its behalf by:
RUSSELL, Steven
Director
Registered Company No. 11189378
THE INDEPENDENT TRAINING & TESTING COMPANY LIMITED
Notes to the Financial Statements
for the year ended 28 February 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Principal activities
The company's principal activity during the year was the provision of specialist training.
4.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Office Equipment3
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Revenue from the provision of services is recognised over the period to which they relate.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
5.Employee information

20232022
Average number of employees during the year11
6.Property, plant and equipment

Office Equipment

Total

££
Cost or valuation
At 01 March 22812812
Additions3,6613,661
At 28 February 234,4734,473
Depreciation and impairment
At 01 March 22302302
Charge for year1,4591,459
At 28 February 231,7611,761
Net book value
At 28 February 232,7122,712
At 28 February 22510510
7.Creditors within one year

2023

2022

££
Other creditors5,1213,312
Accrued liabilities and deferred income4,8602,430
Total9,9815,742