1 false false false false false false false false false true false false false false false false No description of principal activity 2022-05-01 Sage Accounts Production Advanced 2021 - FRS102_2021 43,964 41,877 313 42,190 1,774 2,087 xbrli:pure xbrli:shares iso4217:GBP 03750786 2022-05-01 2023-04-30 03750786 2023-04-30 03750786 2022-04-30 03750786 2021-05-01 2022-04-30 03750786 2022-04-30 03750786 core:PlantMachinery 2022-05-01 2023-04-30 03750786 bus:OrdinaryShareClass1 2022-05-01 2023-04-30 03750786 bus:Director2 2022-05-01 2023-04-30 03750786 core:WithinOneYear 2023-04-30 03750786 core:WithinOneYear 2022-04-30 03750786 core:PlantMachinery 2022-04-30 03750786 core:PlantMachinery 2023-04-30 03750786 core:ShareCapital 2023-04-30 03750786 core:ShareCapital 2022-04-30 03750786 core:RetainedEarningsAccumulatedLosses 2023-04-30 03750786 core:RetainedEarningsAccumulatedLosses 2022-04-30 03750786 core:PlantMachinery 2022-04-30 03750786 bus:SmallEntities 2022-05-01 2023-04-30 03750786 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 03750786 bus:FullAccounts 2022-05-01 2023-04-30 03750786 bus:SmallCompaniesRegimeForAccounts 2022-05-01 2023-04-30 03750786 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 03750786 bus:OrdinaryShareClass1 2023-04-30 03750786 bus:OrdinaryShareClass1 2022-04-30
COMPANY REGISTRATION NUMBER: 03750786
PRIORY TRAINING SERVICES LTD
FILLETED UNAUDITED FINANCIAL STATEMENTS
30 April 2023
PRIORY TRAINING SERVICES LTD
FINANCIAL STATEMENTS
YEAR ENDED 30th APRIL 2023
CONTENTS
PAGES
Statement of financial position
1 to 2
Notes to the financial statements
3 to 5
PRIORY TRAINING SERVICES LTD
STATEMENT OF FINANCIAL POSITION
30 April 2023
2023
2022
Note
£
£
£
£
FIXED ASSETS
Tangible assets
5
1,774
2,087
CURRENT ASSETS
Debtors
6
11,170
7,300
Cash at bank and in hand
12,092
20,462
---------
---------
23,262
27,762
CREDITORS: amounts falling due within one year
7
14,966
24,097
---------
---------
NET CURRENT ASSETS
8,296
3,665
---------
-------
TOTAL ASSETS LESS CURRENT LIABILITIES
10,070
5,752
---------
-------
NET ASSETS
10,070
5,752
---------
-------
CAPITAL AND RESERVES
Called up share capital
8
3
3
Profit and loss account
10,067
5,749
---------
-------
SHAREHOLDERS FUNDS
10,070
5,752
---------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30th April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
PRIORY TRAINING SERVICES LTD
STATEMENT OF FINANCIAL POSITION (continued)
30 April 2023
These financial statements were approved by the board of directors and authorised for issue on 26 February 2024 , and are signed on behalf of the board by:
Mrs K. L. Latif
Director
Company registration number: 03750786
PRIORY TRAINING SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30th APRIL 2023
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Old Post Office, 63 Saville Street, North Shields, Tyne and Wear, NE30 1AY.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest £.
Going concern
The financial statements have been prepared on the going concern basis. The director considers that this basis is appropriate following due consideration of the present financial position, the expected prospects of the company during the twelve months from the date of approval of these financial statements and the continued support of the company's director, bankers and other lending agents during this time.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered.
Taxation
The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date .
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
15% reducing balance
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
5. TANGIBLE ASSETS
Plant and machinery
£
Cost
At 1st May 2022 and 30th April 2023
43,964
---------
Depreciation
At 1st May 2022
41,877
Charge for the year
313
---------
At 30th April 2023
42,190
---------
Carrying amount
At 30th April 2023
1,774
---------
At 30th April 2022
2,087
---------
6. DEBTORS
2023
2022
£
£
Trade debtors
11,170
7,300
---------
-------
7. CREDITORS: amounts falling due within one year
2023
2022
£
£
Accruals and deferred income
1,573
1,388
Corporation tax
3,842
3,904
Director loan accounts
9,551
18,805
---------
---------
14,966
24,097
---------
---------
8. CALLED UP SHARE CAPITAL
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
3
3
3
3
----
----
----
----
9. RELATED PARTY TRANSACTIONS
No transactions with related parties were undertaken such as are required to be disclosed under FRS 102 Section 1A small entities.