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Company Registration No. 05114356 (England and Wales)
Involve Training & Development Limited Unaudited accounts for the year ended 31 May 2023
Involve Training & Development Limited Unaudited accounts Contents
Page
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Involve Training & Development Limited Company Information for the year ended 31 May 2023
Directors
R Ashmore J Ashmore
Company Number
05114356 (England and Wales)
Registered Office
Thimble Farm Green Lane Prestwood Great Missenden Buckinghamshire HP16 0QE England
Accountants
Frost Accountants Limited Suite 11 Imperial Court Exchange Street East Liverpool Merseyside L2 3AB
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Involve Training & Development Limited for the year ended 31 May 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Involve Training & Development Limited for the year ended 31 May 2023 as set out on pages 5 - 6 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of Involve Training & Development Limited, as a body, in accordance with the terms of our engagement letter dated 1 April 2010. Our work has been undertaken solely to prepare for your approval the accounts of Involve Training & Development Limited and state those matters that we have agreed to state to the Board of Directors of Involve Training & Development Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Involve Training & Development Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Involve Training & Development 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 Involve Training & Development Limited. You consider that Involve Training & Development 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 Involve Training & Development 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.
Frost Accountants Limited Chartered Certified Accountants Suite 11 Imperial Court Exchange Street East Liverpool Merseyside L2 3AB 26 January 2024
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Involve Training & Development Limited Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
970,000 
970,000 
Current assets
Debtors
72,741 
71,181 
Cash at bank and in hand
267,613 
236,310 
340,354 
307,491 
Creditors: amounts falling due within one year
(133,917)
(85,315)
Net current assets
206,437 
222,176 
Total assets less current liabilities
1,176,437 
1,192,176 
Provisions for liabilities
Deferred tax
(85,148)
(85,148)
Net assets
1,091,289 
1,107,028 
Capital and reserves
Called up share capital
6 
2 
Fair value reserve
340,590 
340,590 
Profit and loss account
750,693 
766,436 
Shareholders' funds
1,091,289 
1,107,028 
For the year ending 31 May 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 26 January 2024 and were signed on its behalf by
R Ashmore Director Company Registration No. 05114356
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Involve Training & Development Limited Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
Involve Training & Development Limited is a private company, limited by shares, registered in England and Wales, registration number 05114356. The registered office is Thimble Farm Green Lane, Prestwood, Great Missenden, Buckinghamshire, HP16 0QE, England.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Investment property
2023 
£ 
Fair value at 1 June 2022
970,000 
At 31 May 2023
970,000 
The properties were valued by the directors.
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
72,741 
55,578 
Other debtors
- 
15,603 
72,741 
71,181 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
9,669 
11,569 
Trade creditors
474 
- 
Taxes and social security
8,415 
17,099 
Other creditors
672 
- 
Loans from directors
109,487 
51,797 
Accruals
5,200 
4,850 
133,917 
85,315 
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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