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Company Registration No. 02731252 (England and Wales)
StayAhead Training Limited Unaudited accounts for the year ended 30 June 2023
StayAhead Training Limited Unaudited accounts Contents
Page
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StayAhead Training Limited Company Information for the year ended 30 June 2023
Directors
Josephine O'Sullivan Daniel O'Sullivan
Company Number
02731252 (England and Wales)
Registered Office
13 Dammersey Close Markyate St Albans Hertfordshire AL3 8JS United Kingdom
Accountants
Luna Accountants Ltd 13 Dammersey Close Markyate St Albans Hertfordshire AL3 8JS
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StayAhead Training Limited Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
20,219 
22,789 
Current assets
Debtors
458,269 
294,623 
Cash at bank and in hand
1,536,851 
1,319,711 
1,995,120 
1,614,334 
Creditors: amounts falling due within one year
(370,163)
(421,957)
Net current assets
1,624,957 
1,192,377 
Total assets less current liabilities
1,645,176 
1,215,166 
Provisions for liabilities
Deferred tax
(2,241)
(3,842)
Net assets
1,642,935 
1,211,324 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
1,641,935 
1,210,324 
Shareholders' funds
1,642,935 
1,211,324 
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 January 2024 and were signed on its behalf by
Josephine O'Sullivan Director Company Registration No. 02731252
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StayAhead Training Limited Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
StayAhead Training Limited is a private company, limited by shares, registered in England and Wales, registration number 02731252. The registered office is 13 Dammersey Close, Markyate, St Albans, Hertfordshire, AL3 8JS, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% straight line basis
Fixtures & fittings
25% straight line basis
Computer equipment
25% straight line basis
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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StayAhead Training Limited Notes to the Accounts for the year ended 30 June 2023
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 July 2022
11,017 
1,545 
101,315 
113,877 
Additions
- 
- 
4,249 
4,249 
Disposals
- 
(770)
(15,931)
(16,701)
At 30 June 2023
11,017 
775 
89,633 
101,425 
Depreciation
At 1 July 2022
1,504 
1,498 
88,086 
91,088 
Charge for the year
951 
47 
5,256 
6,254 
On disposals
- 
(770)
(15,366)
(16,136)
At 30 June 2023
2,455 
775 
77,976 
81,206 
Net book value
At 30 June 2023
8,562 
- 
11,657 
20,219 
At 30 June 2022
9,513 
47 
13,229 
22,789 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
142,327 
285,242 
Accrued income and prepayments
12,920 
8,331 
Other debtors
303,022 
1,050 
458,269 
294,623 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
62,673 
68,078 
Trade creditors
7,289 
8,136 
Taxes and social security
132,759 
119,488 
Other creditors
80 
2,322 
Loans from directors
- 
10 
Accruals
167,362 
223,923 
370,163 
421,957 
7
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Josephine O'Sullivan
Loan
- 
150,000 
- 
150,000 
Daniel O'Sullivan
Loan
- 
150,000 
- 
150,000 
- 
300,000 
- 
300,000 
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StayAhead Training Limited Notes to the Accounts for the year ended 30 June 2023
8
Transactions with related parties
During the year, the company advanced a loan of £300,000 to J O'Sullivan and to D O'Sullivan, the directors of the company. The balance of the loan of £300,000 at the year end is included in current assets. (2022 £Nil).
9
Post balance sheet events
Capital of £1,509,968 held in the deposit account is planned to provide funds for the company to acquire a commercial property; deposit, associated cost and outfitters. (2022 £1,096,111).
10
Average number of employees
During the year the average number of employees was 22 (2022: 21).
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