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Company Registration No. 04945107 (England and Wales)
Insurance Services Training Limited Unaudited accounts for the year ended 30 November 2023
Insurance Services Training Limited Unaudited accounts Contents
Page
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Insurance Services Training Limited Company Information for the year ended 30 November 2023
Directors
Mr P Peers Mr M I Watson
Company Number
04945107 (England and Wales)
Registered Office
Suite 212 Oakland House 21 Hope Carr Road Leigh Wigan WN7 3ET
Accountants
HHK Accountancy Services Ltd Suite 212 Oakland House 21 Hope Carr Road Leigh, Wigan WN7 3ET
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Insurance Services Training Limited Accountants' report
Accountants' report to the board of directors of Insurance Services Training Limited on the preparation of the unaudited statutory accounts for the year ended 30 November 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Insurance Services Training Limited for the year ended 30 November 2023 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Insurance Services Training Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Insurance Services Training Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Insurance Services Training Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Insurance Services Training Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Insurance Services Training Limited. You consider that Insurance Services Training Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Insurance Services Training Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
HHK Accountancy Services Ltd Suite 212 Oakland House 21 Hope Carr Road Leigh, Wigan WN7 3ET 12 December 2024
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Insurance Services Training Limited Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,313 
1,544 
Current assets
Debtors
73,040 
21,062 
Cash at bank and in hand
1,771 
24,055 
74,811 
45,117 
Creditors: amounts falling due within one year
(76,770)
(90,729)
Net current liabilities
(1,959)
(45,612)
Total assets less current liabilities
(646)
(44,068)
Creditors: amounts falling due after more than one year
(44,852)
(54,205)
Net liabilities
(45,498)
(98,273)
Capital and reserves
Called up share capital
82 
82 
Profit and loss account
(45,580)
(98,355)
Shareholders' funds
(45,498)
(98,273)
For the year ending 30 November 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 12 February 2024 and were signed on its behalf by
Mr P Peers Director Company Registration No. 04945107
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Insurance Services Training Limited Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
Insurance Services Training Limited is a private company, limited by shares, registered in England and Wales, registration number 04945107. The registered office is Suite 212 Oakland House, 21 Hope Carr Road, Leigh, Wigan, WN7 3ET.
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.
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.
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
15% Reducing balance
Computer equipment
25% straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 December 2022
50,000 
At 30 November 2023
50,000 
Amortisation
At 1 December 2022
50,000 
At 30 November 2023
50,000 
Net book value
At 30 November 2023
- 
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Insurance Services Training Limited Notes to the Accounts for the year ended 30 November 2023
5
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 December 2022
12,412 
6,239 
18,651 
At 30 November 2023
12,412 
6,239 
18,651 
Depreciation
At 1 December 2022
10,868 
6,239 
17,107 
Charge for the year
231 
- 
231 
At 30 November 2023
11,099 
6,239 
17,338 
Net book value
At 30 November 2023
1,313 
- 
1,313 
At 30 November 2022
1,544 
- 
1,544 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
73,040 
21,062 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
29,260 
23,011 
Taxes and social security
47,510 
67,718 
76,770 
90,729 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
38,939 
44,936 
Other creditors
- 
2,150 
Loans from directors
5,913 
7,119 
44,852 
54,205 
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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