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
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
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
Insurance Services Training Limited
Statement of financial position
as at 30 November 2023
Tangible assets
1,313
1,544
Cash at bank and in hand
1,771
24,055
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)
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
Insurance Services Training Limited
Notes to the Accounts
for the year ended 30 November 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
At 30 November 2023
50,000
At 30 November 2023
50,000
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
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
At 30 November 2023
1,313
-
1,313
At 30 November 2022
1,544
-
1,544
Amounts falling due within one year
Trade debtors
73,040
21,062
7
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
47,510
67,718
8
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
5,913
7,119
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).