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No description of principal activity
2022-07-01
Sage Accounts Production Advanced 2023 - FRS102_2021
3,566
3,566
3,566
3,566
xbrli:pure
xbrli:shares
iso4217:GBP
09617564
2022-07-01
2023-10-31
09617564
2023-10-31
09617564
2022-06-30
09617564
2021-07-01
2022-06-30
09617564
2022-06-30
09617564
2021-06-30
09617564
bus:LeadAgentIfApplicable
2022-07-01
2023-10-31
09617564
bus:Director2
2022-07-01
2023-10-31
09617564
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2023-10-31
09617564
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2022-06-30
09617564
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2022-06-30
09617564
core:ShareCapital
2023-10-31
09617564
core:ShareCapital
2022-06-30
09617564
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2023-10-31
09617564
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2022-06-30
09617564
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2022-07-01
2023-10-31
09617564
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2022-07-01
2023-10-31
09617564
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2022-07-01
2023-10-31
09617564
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2022-07-01
2023-10-31
09617564
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2022-07-01
2023-10-31
09617564
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2022-07-01
2023-10-31
09617564
core:OfficeEquipment
2022-06-30
COMPANY REGISTRATION NUMBER:
09617564
Filleted Unaudited Financial Statements |
|
Period from 1 July 2022 to 31 October 2023
Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements |
1 |
|
|
Statement of financial position |
2 to 3 |
|
|
Notes to the financial statements |
4 to 6 |
|
|
Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of
Steel City Training Ltd |
|
Period from 1 July 2022 to 31 October 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Steel City Training Ltd for the period ended 31 October 2023, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Steel City Training Ltd, as a body. Our work has been undertaken solely to prepare for your approval the financial statements of Steel City Training Ltd and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Steel City Training Ltd and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Steel City Training Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Steel City Training Ltd. You consider that Steel City Training Ltd is exempt from the statutory audit requirement for the period. We have not been instructed to carry out an audit or a review of the financial statements of Steel City Training Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
HEBBLETHWAITES
Chartered Accountants
2 Westbrook Court
Sharrow Vale Road
Sheffield
S11 8YZ
27 November 2023
Statement of Financial Position |
|
31 October 2023
|
31 Oct 23 |
30 Jun 22 |
Note |
£ |
£ |
|
|
|
Current assets
Debtors |
6 |
– |
3,308 |
Cash at bank and in hand |
14,522 |
19,537 |
|
-------- |
-------- |
|
14,522 |
22,845 |
|
|
|
|
Creditors: amounts falling due within one year |
7 |
8,597 |
6,417 |
|
-------- |
-------- |
Net current assets |
5,925 |
16,428 |
|
------- |
-------- |
Total assets less current liabilities |
5,925 |
16,428 |
|
|
|
|
Creditors: amounts falling due after more than one year |
8 |
– |
16,111 |
|
------- |
-------- |
Net assets |
5,925 |
317 |
|
------- |
-------- |
|
|
|
|
Statement of Financial Position (continued) |
|
31 October 2023
|
31 Oct 23 |
30 Jun 22 |
Note |
£ |
£ |
|
|
|
Capital and reserves
Called up share capital |
1 |
1 |
Profit and loss account |
5,924 |
316 |
|
------- |
---- |
Shareholders funds |
5,925 |
317 |
|
------- |
---- |
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
25 November 2023
, and are signed on behalf of the board by:
Company registration number:
09617564
Notes to the Financial Statements |
|
Period from 1 July 2022 to 31 October 2023
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 11 Godric Drive, Brinsworth, Yorkshire, S60 5AN, United Kingdom.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The company ceased trading at the year-end and will be dissolved in due course.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Office equipment |
- |
33% straight line |
|
|
|
|
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.
Financial instruments
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 entity after deducting all of its financial liabilities. 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.
4.
Employee numbers
The average number of persons employed by the company during the period amounted to
2
(2022:
2
).
5.
Tangible assets
|
Equipment |
|
£ |
Cost |
|
At 1 July 2022 |
3,566 |
Disposals |
(
3,566) |
|
------- |
At 31 October 2023 |
– |
|
------- |
Depreciation |
|
At 1 July 2022 |
3,566 |
Disposals |
(
3,566) |
|
------- |
At 31 October 2023 |
– |
|
------- |
Carrying amount |
|
At 31 October 2023 |
– |
|
------- |
At 30 June 2022 |
– |
|
------- |
|
|
6.
Debtors
|
31 Oct 23 |
30 Jun 22 |
|
£ |
£ |
Other debtors |
– |
3,308 |
|
---- |
------- |
|
|
|
7.
Creditors:
amounts falling due within one year
|
31 Oct 23 |
30 Jun 22 |
|
£ |
£ |
Bank loans and overdrafts |
– |
2,222 |
Corporation tax |
5,421 |
2,680 |
Other creditors |
3,176 |
1,515 |
|
------- |
------- |
|
8,597 |
6,417 |
|
------- |
------- |
|
|
|
8.
Creditors:
amounts falling due after more than one year
|
31 Oct 23 |
30 Jun 22 |
|
£ |
£ |
Bank loans and overdrafts |
– |
16,111 |
|
---- |
-------- |
|
|
|
Included within creditors: amounts falling due after more than one year is an amount of £Nil (2022: £7,222) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.
9.
Directors' advances, credits and guarantees
At the year end date, the company was indebted to the directors, by way of loan, in the sum of £1,976 (2022 £487). There are no formal repayment terms applicable to this loan and interest is not being charged.