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REGISTERED NUMBER: 04260389 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

AINSCOUGH TRAINING SERVICES LIMITED

AINSCOUGH TRAINING SERVICES LIMITED (REGISTERED NUMBER: 04260389)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2023




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


AINSCOUGH TRAINING SERVICES LIMITED

COMPANY INFORMATION
for the Year Ended 31 May 2023







DIRECTORS: Brendan Ainscough
Richard Crayston
Richard Ainscough
Stephanie Ainscough
Timothy Robert Morgan



REGISTERED OFFICE: Unit V
Leyland Business Park
Centurion Way
Leyland
Lancashire
PR25 3GR



REGISTERED NUMBER: 04260389 (England and Wales)



ACCOUNTANTS: Fairhurst
Chartered Accountants
Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB



BANKERS: Royal Bank of Scotland Plc
6th Floor
1 Spinningfields Square
Manchester
M3 3AP

AINSCOUGH TRAINING SERVICES LIMITED (REGISTERED NUMBER: 04260389)

ABRIDGED STATEMENT OF FINANCIAL POSITION
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 292,832 256,198

CURRENT ASSETS
Debtors 147,365 125,716
Cash at bank and in hand 590,014 479,601
737,379 605,317
CREDITORS
Amounts falling due within one year 208,636 138,888
NET CURRENT ASSETS 528,743 466,429
TOTAL ASSETS LESS CURRENT
LIABILITIES

821,575

722,627

PROVISIONS FOR LIABILITIES 5 53,415 34,112
NET ASSETS 768,160 688,515

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Capital redemption reserve 100 100
Retained earnings 767,060 687,415
SHAREHOLDERS' FUNDS 768,160 688,515

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

AINSCOUGH TRAINING SERVICES LIMITED (REGISTERED NUMBER: 04260389)

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued
31 May 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 May 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 February 2024 and were signed on its behalf by:





Brendan Ainscough - Director


AINSCOUGH TRAINING SERVICES LIMITED (REGISTERED NUMBER: 04260389)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Ainscough Training Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation and impairment.
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over is estimated useful life.

Website-10% on reducing balance
Plant and machinery-10% on reducing balance
Office Equipment-25% on reducing balance
Motor vehicles-25% on reducing balance
Computer equipment-50% on reducing balance

Impairment of assets
At each reporting date assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in the profit and loss.

Where an impairment loss subsequently reverses, the carrying amount of each asset is increased to the revised estimate of its recoverable amount, to the extent that the increased carrying amount does not exceed the carrying amount that would have been determined (net of depreciation) had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised as income immediately.

Financial instruments
Trade and other debtors are initially recognised at the transaction price and thereafter stated at amortised cost using effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

Short term trade creditors are measured at transaction price. Financial liabilities that have no stated interest rate and are payable within one year shall be measured at the undiscounted amount due.

Short term employee 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.

Short-term employee benefits are recognised as an expense in the period in which they are incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 18 ) .

AINSCOUGH TRAINING SERVICES LIMITED (REGISTERED NUMBER: 04260389)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2022 538,928
Additions 92,938
Disposals (81,464 )
At 31 May 2023 550,402
DEPRECIATION
At 1 June 2022 282,730
Charge for year 18,960
Eliminated on disposal (44,120 )
At 31 May 2023 257,570
NET BOOK VALUE
At 31 May 2023 292,832
At 31 May 2022 256,198

5. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 53,415 34,112

Deferred
tax
£   
Balance at 1 June 2022 34,112
Provided during year 19,303
Balance at 31 May 2023 53,415

6. OTHER FINANCIAL COMMITMENTS

The company has total operating lease commitments amounting to £541,331 (2022: £627,022).

7. RELATED PARTY DISCLOSURES

During the year dividends of £52,500 (2022: £52,500) were paid to the directors.

During the year dividends of £64,950 (2022: £64,950) were paid to a trust in which one of the trustees is a director.