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REGISTERED NUMBER: 04638691 (England and Wales)


















Unaudited Financial Statements

for the Year Ended 31 March 2023

for

SPS Training Solutions Limited

SPS Training Solutions Limited (Registered number: 04638691)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SPS Training Solutions Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: M P Shah





REGISTERED OFFICE: Suite 16 Beaufort Court
Admirals Way
South Quay
Docklands
London
E14 9XL





REGISTERED NUMBER: 04638691 (England and Wales)





ACCOUNTANTS: RBS Accountants Limited
16 Beaufort Court
Admirals Way
London
Docklands
London
E14 9XL

SPS Training Solutions Limited (Registered number: 04638691)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 2,397 1,499

CURRENT ASSETS
Debtors 5 230,867 167,009
Cash at bank and in hand 240,565 340,945
471,432 507,954
CREDITORS
Amounts falling due within one year 6 114,126 165,341
NET CURRENT ASSETS 357,306 342,613
TOTAL ASSETS LESS CURRENT
LIABILITIES

359,703

344,112

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 359,603 344,012
SHAREHOLDERS' FUNDS 11 359,703 344,112

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 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 director and authorised for issue on 7 November 2023 and were signed by:



M P Shah - Director


SPS Training Solutions Limited (Registered number: 04638691)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

SPS Training Solutions 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.

There is a charge by National Westminster Bank PLC on company dated 20/02/2020.

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 represents net invoiced sales of services excluding value added tax. Income is recognised as services are performed.

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 - 25% on cost
Computer equipment - 33% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2022 - 34 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 April 2022 212,439
Additions 5,633
At 31 March 2023 218,072
DEPRECIATION
At 1 April 2022 210,940
Charge for year 4,735
At 31 March 2023 215,675
NET BOOK VALUE
At 31 March 2023 2,397
At 31 March 2022 1,499

SPS Training Solutions Limited (Registered number: 04638691)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. DEBTORS
31.3.23 31.3.22
£    £   
Amounts falling due within one year:
Trade debtors 165,357 100,140
Other debtors 19,154 20,319
184,511 120,459

Amounts falling due after more than one year:
Amounts owed by group undertakings 46,356 46,550

Aggregate amounts 230,867 167,009

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 61,572 81,686
Tax 2,888 10,461
Social security and other taxes 10,208 42,653
VAT 5,873 999
Other creditors 25,165 5,480
Pension Fund 4,058 4,404
Directors' current accounts 3,313 3,001
Accrued expenses 1,049 16,657
114,126 165,341

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.23 31.3.22
£    £   
Within one year 19,438 19,438
Between one and five years 957 957
20,395 20,395

The above relates to the total costs the company has committed to for operating leases for the next 5 years.

8. CAPITAL COMMITMENTS
31.3.23 31.3.22
£    £   
Contracted but not provided for in the
financial statements - -

SPS Training Solutions Limited (Registered number: 04638691)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

9. RELATED PARTY DISCLOSURES

Stad Investments Limited ("SIL")
Parent company

During the year the company declared dividends of £0 (2022 - £10,000) to SIL.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M P Shah.

The ultimate controlling party continues to be M Shah, who is a director of the parent company "SIL", and holds 75% of the ordinary share capital.

11. RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS
31.3.23 31.3.22
£    £   
Profit for the financial year 15,591 39,294
Dividends - (10,000 )
Net addition to shareholders' funds 15,591 29,294
Opening shareholders' funds 344,112 314,818
Closing shareholders' funds 359,703 344,112