Company Registration No. 02731252 (England and Wales)
StayAhead Training Limited
Unaudited accounts
for the year ended 30 June 2023
StayAhead Training Limited
Unaudited accounts
Contents
StayAhead Training Limited
Company Information
for the year ended 30 June 2023
Directors
Josephine O'Sullivan
Daniel O'Sullivan
Company Number
02731252 (England and Wales)
Registered Office
13 Dammersey Close
Markyate
St Albans
Hertfordshire
AL3 8JS
United Kingdom
Accountants
Luna Accountants Ltd
13 Dammersey Close
Markyate
St Albans
Hertfordshire
AL3 8JS
StayAhead Training Limited
Statement of financial position
as at 30 June 2023
Tangible assets
20,219
22,789
Cash at bank and in hand
1,536,851
1,319,711
Creditors: amounts falling due within one year
(370,163)
(421,957)
Net current assets
1,624,957
1,192,377
Total assets less current liabilities
1,645,176
1,215,166
Provisions for liabilities
Deferred tax
(2,241)
(3,842)
Net assets
1,642,935
1,211,324
Called up share capital
1,000
1,000
Profit and loss account
1,641,935
1,210,324
Shareholders' funds
1,642,935
1,211,324
For the year ending 30 June 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 17 January 2024 and were signed on its behalf by
Josephine O'Sullivan
Director
Company Registration No. 02731252
StayAhead Training Limited
Notes to the Accounts
for the year ended 30 June 2023
StayAhead Training Limited is a private company, limited by shares, registered in England and Wales, registration number 02731252. The registered office is 13 Dammersey Close, Markyate, St Albans, Hertfordshire, AL3 8JS, United Kingdom.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% straight line basis
Fixtures & fittings
25% straight line basis
Computer equipment
25% straight line basis
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
StayAhead Training Limited
Notes to the Accounts
for the year ended 30 June 2023
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2022
11,017
1,545
101,315
113,877
Disposals
-
(770)
(15,931)
(16,701)
At 30 June 2023
11,017
775
89,633
101,425
At 1 July 2022
1,504
1,498
88,086
91,088
Charge for the year
951
47
5,256
6,254
On disposals
-
(770)
(15,366)
(16,136)
At 30 June 2023
2,455
775
77,976
81,206
At 30 June 2023
8,562
-
11,657
20,219
At 30 June 2022
9,513
47
13,229
22,789
Amounts falling due within one year
Trade debtors
142,327
285,242
Accrued income and prepayments
12,920
8,331
Other debtors
303,022
1,050
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
7,289
8,136
Taxes and social security
132,759
119,488
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
StayAhead Training Limited
Notes to the Accounts
for the year ended 30 June 2023
8
Transactions with related parties
During the year, the company advanced a loan of £300,000 to J O'Sullivan and to D O'Sullivan, the directors of the company. The balance of the loan of £300,000 at the year end is included in current assets. (2022 £Nil).
9
Post balance sheet events
Capital of £1,509,968 held in the deposit account is planned to provide funds for the company to acquire a commercial property; deposit, associated cost and outfitters. (2022 £1,096,111).
10
Average number of employees
During the year the average number of employees was 22 (2022: 21).