Four Counties Training Ltd
Registered number: 02811292
Statement of Financial Position
as at 30 September 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 4 2,264,287 2,251,288
Financial assets 353 413
2,264,640 2,251,701
Current assets
Debtors 5 378,639 381,094
Cash at bank and in hand 256,522 353,930
635,161 735,024
Creditors: amounts falling due within one year 6 (247,802) (305,169)
Net current assets 387,359 429,855
Total assets less current liabilities 2,651,999 2,681,556
Provisions for liabilities (446) (618)
Net assets 2,651,553 2,680,938
Capital and reserves
Called up share capital 3 3
Profit and loss account 2,651,550 2,680,935
Shareholders' funds 2,651,553 2,680,938
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
C J Brandreth
Director
Approved by the board on 21 February 2024
Four Counties Training Ltd
Notes to the Accounts
for the year ended 30 September 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Plant and machinery 25% reducing balance
Investments
Listed investments are measured at fair value.

Changes in fair value/Impairment losses are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price. Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2 Exceptional items 2023 2022
£ £
Value adjustments on fixed assets and current asset investments 60 48
60 48
3 Employees and directors 2023 2022
Number Number
Average number of directors and persons employed by the company 5 4
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 October 2022 2,642,146 243,587 2,885,733
Additions 41,066 - 41,066
Disposals - (721) (721)
At 30 September 2023 2,683,212 242,866 2,926,078
Depreciation
At 1 October 2022 394,113 240,332 634,445
Charge for the year 27,157 782 27,939
On disposals - (593) (593)
At 30 September 2023 421,270 240,521 661,791
Net book value
At 30 September 2023 2,261,942 2,345 2,264,287
At 30 September 2022 2,248,033 3,255 2,251,288
5 Debtors 2023 2022
£ £
Trade debtors 8,291 10,650
Prepayments 5,556 5,608
Accrued income 45,708 4,199
Other debtors 319,084 360,637
378,639 381,094
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 6,786 897
Accruals 49,791 89,431
Corporation tax 12,955 23,994
Other taxes and social security costs 8,218 20,979
Other creditors 170,052 169,868
247,802 305,169
7 Other information
Four Counties Training Ltd is a private company limited by shares and incorporated in England. Its registered office is:
49/51 Uxbridge Road
Ealing
London
W5 5SA
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