REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 March 2023 |
for |
SPS Training Solutions Limited |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS | 11 |
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. |
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 |
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 |
There is a charge by National Westminster Bank PLC on company dated 20/02/2020. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents net invoiced sales of services excluding value added tax. Income is recognised as services are performed. |
Tangible fixed assets |
Fixtures and fittings | - |
Computer equipment | - |
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 |
4. | PROPERTY, PLANT AND EQUIPMENT |
Plant and |
machinery |
etc |
£ |
COST |
At 1 April 2022 |
Additions |
At 31 March 2023 |
DEPRECIATION |
At 1 April 2022 |
Charge for year |
At 31 March 2023 |
NET BOOK VALUE |
At 31 March 2023 |
At 31 March 2022 |
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 |
Other debtors |
Amounts falling due after more than one year: |
Amounts owed by group undertakings |
Aggregate amounts |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.23 | 31.3.22 |
£ | £ |
Trade creditors |
Tax |
Social security and other taxes |
VAT | 5,873 | 999 |
Other creditors |
Pension Fund | 4,058 | 4,404 |
Directors' current accounts | 3,313 | 3,001 |
Accrued expenses |
7. | LEASING AGREEMENTS |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
31.3.23 | 31.3.22 |
£ | £ |
Within one year |
Between one and five years |
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 |
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 |
Dividends | ( |
) |
Net addition to shareholders' funds | 15,591 | 29,294 |
Opening shareholders' funds | 344,112 | 314,818 |
Closing shareholders' funds | 359,703 | 344,112 |