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REGISTERED NUMBER: 02548319 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 April 2023

for

Practical Refrigeration Training Centre
Limited

Practical Refrigeration Training Centre
Limited (Registered number: 02548319)






Contents of the Financial Statements
for the year ended 30 April 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Practical Refrigeration Training Centre
Limited

Company Information
for the year ended 30 April 2023







DIRECTORS: G Greenbank
Mrs K L Greenbank





SECRETARY: Mrs K L Greenbank





REGISTERED OFFICE: Unit 2 Withams Mill
Plumbe Street
Burnley
Lancashire
BB11 3AW





REGISTERED NUMBER: 02548319 (England and Wales)





ACCOUNTANTS: Mayes Business Partnership Ltd
Chartered Certified Accountants
22-28 Willow Street
Accrington
Lancashire
BB5 1LP

Practical Refrigeration Training Centre
Limited (Registered number: 02548319)

Abridged Balance Sheet
30 April 2023

30/4/23 30/4/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,180 10,026

CURRENT ASSETS
Debtors 169,063 139,158
Cash at bank and in hand 7,267 55,133
176,330 194,291
CREDITORS
Amounts falling due within one year 92,252 24,863
NET CURRENT ASSETS 84,078 169,428
TOTAL ASSETS LESS CURRENT
LIABILITIES

92,258

179,454

CREDITORS
Amounts falling due after more than one
year

(26,672

)

(36,672

)

PROVISIONS FOR LIABILITIES (1,554 ) (1,905 )
NET ASSETS 64,032 140,877

CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Retained earnings 63,032 139,877
SHAREHOLDERS' FUNDS 64,032 140,877

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Practical Refrigeration Training Centre
Limited (Registered number: 02548319)

Abridged Balance Sheet - continued
30 April 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 Balance Sheet for the year ended 30 April 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 5 January 2024 and were signed on its behalf by:





G Greenbank - Director


Practical Refrigeration Training Centre
Limited (Registered number: 02548319)

Notes to the Financial Statements
for the year ended 30 April 2023

1. STATUTORY INFORMATION

Practical Refrigeration Training Centre 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.

The company provides Engineering training courses. Revenue is recognised in the accounting period in which the services are rendered when the outcome of contract can be estimated reliably. The company uses the percentage of completion method based on the actual service performed as a percentage of the total services to be provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost

Financial instruments
Basic financial assets, including trade and other receivables, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

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.


Practical Refrigeration Training Centre
Limited (Registered number: 02548319)

Notes to the Financial Statements - continued
for the year ended 30 April 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2022 81,614
Additions 2,400
At 30 April 2023 84,014
DEPRECIATION
At 1 May 2022 71,588
Charge for year 4,246
At 30 April 2023 75,834
NET BOOK VALUE
At 30 April 2023 8,180
At 30 April 2022 10,026

5. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30/4/23 30/4/22
£    £   
Between one and five years 5,855 8,197

Practical Refrigeration Training Centre
Limited (Registered number: 02548319)

Notes to the Financial Statements - continued
for the year ended 30 April 2023

6. SECURED DEBTS

The following secured debts are included within creditors:

30/4/23 30/4/22
£    £   
Bank overdraft 47,987 -
Bank loans 36,672 46,672
84,659 46,672

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/4/23 30/4/22
value: £    £   
1,000 Ordinary £1 1,000 1,000