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REGISTERED NUMBER: 05167654 (England and Wales)


















PTP QUALITY TRAINING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023






PTP QUALITY TRAINING LIMITED (REGISTERED NUMBER: 05167654)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PTP QUALITY TRAINING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: Mrs H Scourfield





SECRETARY: Mrs H Scourfield





REGISTERED OFFICE: Yelverton House
St John Street
Whitland
Carmarthenshire
SA34 0AW





REGISTERED NUMBER: 05167654 (England and Wales)





ACCOUNTANTS: Llewelyn Davies
Chartered Accountants
Yelverton House
St John Street
Whitland
Carmarthenshire
SA34 0AW

PTP QUALITY TRAINING LIMITED (REGISTERED NUMBER: 05167654)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,985 2,657

CURRENT ASSETS
Stocks 2,180 2,490
Debtors 5 3,108 8,219
Cash at bank 6,911 13,656
12,199 24,365
CREDITORS
Amounts falling due within one year 6 7,581 12,333
NET CURRENT ASSETS 4,618 12,032
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,603

14,689

CAPITAL AND RESERVES
Called up share capital 5 5
Retained earnings 6,598 14,684
SHAREHOLDERS' FUNDS 6,603 14,689

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 6 March 2024 and were signed by:




Mrs H Scourfield - Director


PTP QUALITY TRAINING LIMITED (REGISTERED NUMBER: 05167654)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023


1. STATUTORY INFORMATION

PTP Quality Training 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

Fundamental accounting concept
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.

The accounts have been prepared on the going concern basis as the company continues to benefit from the support of its directors and bankers.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Site additions - 25% on cost
Fixtures and fittings - 20% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charges to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged against income on a straight line basis over the lease term.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

PTP QUALITY TRAINING LIMITED (REGISTERED NUMBER: 05167654)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Site and
property additions fittings Totals
£    £    £    £   
COST
At 1 August 2022
and 31 July 2023 3,585 5,211 44,562 53,358
DEPRECIATION
At 1 August 2022 3,585 5,198 41,918 50,701
Charge for year - 2 670 672
At 31 July 2023 3,585 5,200 42,588 51,373
NET BOOK VALUE
At 31 July 2023 - 11 1,974 1,985
At 31 July 2022 - 13 2,644 2,657

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,108 8,219

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 4,753 5,009
Taxation and social security 2,660 7,144
Other creditors 168 180
7,581 12,333

7. ULTIMATE CONTROLLING PARTY

The company is controlled by the director, Mrs H Scourfield by virtue of her shareholdings.