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REGISTERED NUMBER: 03828741 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

FOR

SPECIALIST TRAINING & CONSULTANCY
SERVICES LTD

SPECIALIST TRAINING & CONSULTANCY
SERVICES LTD (REGISTERED NUMBER: 03828741)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

SPECIALIST TRAINING & CONSULTANCY
SERVICES LTD

COMPANY INFORMATION
for the Year Ended 31 August 2023







DIRECTORS: Miss N J Dugdale
M A Butterworth
Mrs V McKay





REGISTERED OFFICE: 6 Venture Court
Metcalf Drive
Altham Industrial Estate
Accrington
Lancashire
BB5 5TU





REGISTERED NUMBER: 03828741 (England and Wales)





ACCOUNTANTS: Studholme-Bell Limited
Chartered Accountants
& Business Advisors
Vantage House Euxton Lane
Euxton
Chorley
Lancashire
PR7 6TB

SPECIALIST TRAINING & CONSULTANCY
SERVICES LTD (REGISTERED NUMBER: 03828741)

BALANCE SHEET
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 80,116 88,822
Tangible assets 5 38,438 36,948
118,554 125,770

CURRENT ASSETS
Debtors 6 96,508 122,032
Investments 7 29,928 29,928
Cash at bank and in hand 718,915 595,629
845,351 747,589
CREDITORS
Amounts falling due within one year 8 289,262 265,010
NET CURRENT ASSETS 556,089 482,579
TOTAL ASSETS LESS CURRENT
LIABILITIES

674,643

608,349

CREDITORS
Amounts falling due after more than one year 9 (178,047 ) (190,228 )

PROVISIONS FOR LIABILITIES (9,610 ) (7,020 )
NET ASSETS 486,986 411,101

SPECIALIST TRAINING & CONSULTANCY
SERVICES LTD (REGISTERED NUMBER: 03828741)

BALANCE SHEET - continued
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 12,615 12,615
Share premium 29,545 29,545
Capital redemption reserve 33,094 33,094
Retained earnings 411,732 335,847
SHAREHOLDERS' FUNDS 486,986 411,101

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 31 January 2024 and were signed on its behalf by:





Miss N J Dugdale - Director


SPECIALIST TRAINING & CONSULTANCY
SERVICES LTD (REGISTERED NUMBER: 03828741)

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


1. STATUTORY INFORMATION

Specialist Training & Consultancy Services Ltd 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 as modified by the revaluation of certain assets.

The presentation currency is £ sterling.

Income recognition
Income is recognised when goods and services have been supplied to customers when the relevant training course has been completed. Income is stated at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Tangible fixed assets are included at cost less depreciation and impairment. Depreciation has been computed to write off the cost of tangible fixed assets over their expected useful lives as follows:
Plant and machinery 5 years
Fixtures and fittings 5 years
Motor vehicles 5 years

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


SPECIALIST TRAINING & CONSULTANCY
SERVICES LTD (REGISTERED NUMBER: 03828741)

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


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.
Tax deferred or accelerated is accounted for in respect of all material timing differences.

Pension costs and other post-retirement 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.

Financial instruments
The following assets and liabilities are classified as financial instruments – trade debtors, trade creditors, bank loans and directors’ loans.
Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.
Directors’ loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.
Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 September 2022
and 31 August 2023 54,000 87,055 141,055
AMORTISATION
At 1 September 2022 - 52,233 52,233
Charge for year - 8,706 8,706
At 31 August 2023 - 60,939 60,939
NET BOOK VALUE
At 31 August 2023 54,000 26,116 80,116
At 31 August 2022 54,000 34,822 88,822

SPECIALIST TRAINING & CONSULTANCY
SERVICES LTD (REGISTERED NUMBER: 03828741)

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


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 September 2022 133,605 33,105 18,189 184,899
Additions 4,940 468 3,197 8,605
At 31 August 2023 138,545 33,573 21,386 193,504
DEPRECIATION
At 1 September 2022 130,018 5,458 12,475 147,951
Charge for year 1,617 1,740 3,758 7,115
At 31 August 2023 131,635 7,198 16,233 155,066
NET BOOK VALUE
At 31 August 2023 6,910 26,375 5,153 38,438
At 31 August 2022 3,587 27,647 5,714 36,948

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 47,749 66,786
Other debtors 48,759 55,246
96,508 122,032

7. CURRENT ASSET INVESTMENTS
31.8.23 31.8.22
£    £   
Listed investments 29,928 29,928

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade creditors 18,793 20,805
Taxation and social security 86,748 79,712
Other creditors 183,721 164,493
289,262 265,010

SPECIALIST TRAINING & CONSULTANCY
SERVICES LTD (REGISTERED NUMBER: 03828741)

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


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.23 31.8.22
£    £   
Other creditors 178,047 190,228

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Miss N J Dugdale.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
SPECIALIST TRAINING & CONSULTANCY
SERVICES LTD


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Specialist Training & Consultancy Services Ltd for the year ended 31 August 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Specialist Training & Consultancy Services Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Specialist Training & Consultancy Services Ltd and state those matters that we have agreed to state to the Board of Directors of Specialist Training & Consultancy Services Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Specialist Training & Consultancy Services Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Specialist Training & Consultancy Services Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Specialist Training & Consultancy Services Ltd. You consider that Specialist Training & Consultancy Services Ltd 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 financial statements of Specialist Training & Consultancy Services Ltd. 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 financial statements.






Studholme-Bell Limited
Chartered Accountants
& Business Advisors
Vantage House Euxton Lane
Euxton
Chorley
Lancashire
PR7 6TB


31 January 2024