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REGISTERED NUMBER: 13016287 (England and Wales)















Financial Statements for the Year Ended 31 December 2022

for

Hexis Training Limited

Hexis Training Limited (Registered number: 13016287)

Contents of the Financial Statements
for the Year Ended 31 December 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Hexis Training Limited

Company Information
for the Year Ended 31 December 2022







DIRECTORS: C Stewart
K Ford



REGISTERED OFFICE: Unit 1
James Watt Close
Gapton Hall Industrial Estate
Great Yarmouth
Norfolk
NR31 0NX



REGISTERED NUMBER: 13016287 (England and Wales)



SENIOR STATUTORY AUDITOR: James Hamilton



AUDITORS: Johnston Carmichael LLP
227 West George Street
Glasgow
G2 2ND

Hexis Training Limited (Registered number: 13016287)

Balance Sheet
31 December 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,654 5,561
Tangible assets 5 3,080 -
6,734 5,561

CURRENT ASSETS
Debtors 6 20,628 3,927
Cash at bank and in hand 9,909 1,188
30,537 5,115
CREDITORS
Amounts falling due within one year 7 447,348 68,966
NET CURRENT LIABILITIES (416,811 ) (63,851 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(410,077

)

(58,290

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (410,177 ) (58,390 )
(410,077 ) (58,290 )

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 November 2023 and were signed on its behalf by:





C Stewart - Director


Hexis Training Limited (Registered number: 13016287)

Notes to the Financial Statements
for the Year Ended 31 December 2022


1. STATUTORY INFORMATION

Hexis Training Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website development costs are being amortised evenly over their estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 year 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.

Hexis Training Limited (Registered number: 13016287)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022


2. ACCOUNTING POLICIES - continued

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.

Going concern
The company has reported a loss of £351,787 for the year, reflecting the early stage of the company. The directors have assessed the ability of the company to continue as a going concern by preparing detailed trading projections for 12 months from the date of approval of the financial statements. The company is forecast to breakeven in 2024. As the company continues to establish itself and grow its turnover, there is an expectation that the company will require financial support from its immediate parent entity to allow the company to meet its obligations as they fall due. The directors are satisfied that the immediate parent entity will provide the financial support that may be required. On this basis the financial statements are prepared on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2021 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2022
and 31 December 2022 5,720
AMORTISATION
At 1 January 2022 159
Charge for year 1,907
At 31 December 2022 2,066
NET BOOK VALUE
At 31 December 2022 3,654
At 31 December 2021 5,561

Hexis Training Limited (Registered number: 13016287)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 3,731
At 31 December 2022 3,731
DEPRECIATION
Charge for year 651
At 31 December 2022 651
NET BOOK VALUE
At 31 December 2022 3,080

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade debtors 15,701 -
Other debtors 4,927 3,927
20,628 3,927

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade creditors 42,802 14,423
Amounts owed to group undertakings 385,512 29,840
Taxation and social security 11,502 929
Other creditors 7,532 23,774
447,348 68,966

8. AUDIT REPORT INFORMATION

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

The senior statutory auditor was James Hamilton and the auditor was Johnston Carmichael LLP.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party of the entity is Star Capital Partnership LLP, 15th Floor, 33 Cavendish Square, London, W1G 0PG.