Registered number
07590445
TRP TRAINING LIMITED
Filleted Accounts
28 February 2023
TRP TRAINING LIMITED
Registered number: 07590445
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Current assets
Debtors 3 40,577 9,972
Cash at bank and in hand 14,946 37,506
55,523 47,478
Creditors: amounts falling due within one year 4 (20,777) (20,529)
Net current assets 34,746 26,949
Total assets less current liabilities 34,746 26,949
Creditors: amounts falling due after more than one year 5 (33,617) (25,929)
Net assets 1,129 1,020
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,029 920
Shareholders' funds 1,129 1,020
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Sanjeev Loomba
Director
Approved by the board on 22 November 2023
TRP TRAINING LIMITED
Notes to the Accounts
for the year ended 28 February 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Debtors 2023 2022
£ £
Trade debtors 1,359 6,476
Other debtors 39,218 3,496
40,577 9,972
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 1,994 3,578
Taxation and social security costs 18,783 14,851
Other creditors - 2,100
20,777 20,529
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 33,617 25,929
6 Other information
TRP TRAINING LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Sinckot House
211 Station Road
Harrow
England
HA1 2TP
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