Silverfin false false 30/06/2023 01/07/2022 30/06/2023 Dr J Hutt 30/06/2023 11/03/2019 Ms D Maclean 26/06/2020 Mr M S Salmon 10/02/2000 07 March 2024 The principal activity of the company is providing safety training services. 03564008 2023-06-30 03564008 bus:Director1 2023-06-30 03564008 bus:Director2 2023-06-30 03564008 bus:Director3 2023-06-30 03564008 2022-06-30 03564008 core:CurrentFinancialInstruments 2023-06-30 03564008 core:CurrentFinancialInstruments 2022-06-30 03564008 core:Non-currentFinancialInstruments 2023-06-30 03564008 core:Non-currentFinancialInstruments 2022-06-30 03564008 core:ShareCapital 2023-06-30 03564008 core:ShareCapital 2022-06-30 03564008 core:SharePremium 2023-06-30 03564008 core:SharePremium 2022-06-30 03564008 core:CapitalRedemptionReserve 2023-06-30 03564008 core:CapitalRedemptionReserve 2022-06-30 03564008 core:RetainedEarningsAccumulatedLosses 2023-06-30 03564008 core:RetainedEarningsAccumulatedLosses 2022-06-30 03564008 core:Goodwill 2022-06-30 03564008 core:Goodwill 2023-06-30 03564008 core:LeaseholdImprovements 2022-06-30 03564008 core:PlantMachinery 2022-06-30 03564008 core:Vehicles 2022-06-30 03564008 core:FurnitureFittings 2022-06-30 03564008 core:OfficeEquipment 2022-06-30 03564008 core:LeaseholdImprovements 2023-06-30 03564008 core:PlantMachinery 2023-06-30 03564008 core:Vehicles 2023-06-30 03564008 core:FurnitureFittings 2023-06-30 03564008 core:OfficeEquipment 2023-06-30 03564008 2021-06-30 03564008 bus:OrdinaryShareClass1 2023-06-30 03564008 2022-07-01 2023-06-30 03564008 bus:FilletedAccounts 2022-07-01 2023-06-30 03564008 bus:SmallEntities 2022-07-01 2023-06-30 03564008 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 03564008 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 03564008 bus:Director1 2022-07-01 2023-06-30 03564008 bus:Director2 2022-07-01 2023-06-30 03564008 bus:Director3 2022-07-01 2023-06-30 03564008 core:Goodwill core:TopRangeValue 2022-07-01 2023-06-30 03564008 core:LeaseholdImprovements core:TopRangeValue 2022-07-01 2023-06-30 03564008 core:PlantMachinery core:TopRangeValue 2022-07-01 2023-06-30 03564008 core:Vehicles core:BottomRangeValue 2022-07-01 2023-06-30 03564008 core:Vehicles core:TopRangeValue 2022-07-01 2023-06-30 03564008 core:FurnitureFittings core:TopRangeValue 2022-07-01 2023-06-30 03564008 core:OfficeEquipment core:TopRangeValue 2022-07-01 2023-06-30 03564008 2021-07-01 2022-06-30 03564008 core:LeaseholdImprovements 2022-07-01 2023-06-30 03564008 core:PlantMachinery 2022-07-01 2023-06-30 03564008 core:Vehicles 2022-07-01 2023-06-30 03564008 core:FurnitureFittings 2022-07-01 2023-06-30 03564008 core:OfficeEquipment 2022-07-01 2023-06-30 03564008 core:Non-currentFinancialInstruments 2022-07-01 2023-06-30 03564008 bus:OrdinaryShareClass1 2022-07-01 2023-06-30 03564008 bus:OrdinaryShareClass1 2021-07-01 2022-06-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 03564008 (England and Wales)

SSG TRAINING & CONSULTANCY LTD

Unaudited Financial Statements
For the financial year ended 30 June 2023
Pages for filing with the registrar

SSG TRAINING & CONSULTANCY LTD

Unaudited Financial Statements

For the financial year ended 30 June 2023

Contents

SSG TRAINING & CONSULTANCY LTD

COMPANY INFORMATION

For the financial year ended 30 June 2023
SSG TRAINING & CONSULTANCY LTD

COMPANY INFORMATION (continued)

For the financial year ended 30 June 2023
DIRECTORS Ms D Maclean
Mr M S Salmon
SECRETARY Mrs S Salmon
REGISTERED OFFICE Sigma House
Oak View Close
Edginswell Park
Torquay
TQ2 7FF
United Kingdom
BUSINESS ADDRESS Valley House
Valley Road
Plympton
Plymouth
Devon
PL7 1RF
COMPANY NUMBER 03564008 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Sigma House
Oak View Close
Edginswell Park
Torquay
TQ2 7FF
SSG TRAINING & CONSULTANCY LTD

BALANCE SHEET

As at 30 June 2023
SSG TRAINING & CONSULTANCY LTD

BALANCE SHEET (continued)

As at 30 June 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 4 400,681 278,524
400,681 278,524
Current assets
Stocks 25,000 25,000
Debtors 5 990,997 996,132
Cash at bank and in hand 652,139 803,705
1,668,136 1,824,837
Creditors: amounts falling due within one year 6 ( 974,412) ( 1,028,722)
Net current assets 693,724 796,115
Total assets less current liabilities 1,094,405 1,074,639
Creditors: amounts falling due after more than one year 7 ( 32,830) ( 175,000)
Provision for liabilities 8 ( 57,930) ( 46,570)
Net assets 1,003,645 853,069
Capital and reserves
Called-up share capital 9 60 60
Share premium account 26,980 26,980
Capital redemption reserve 40 40
Profit and loss account 976,565 825,989
Total shareholder's funds 1,003,645 853,069

For the financial 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.

Directors' responsibilities:

The financial statements of SSG Training & Consultancy Ltd (registered number: 03564008) were approved and authorised for issue by the Board of Directors on 07 March 2024. They were signed on its behalf by:

Mr M S Salmon
Director
SSG TRAINING & CONSULTANCY LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2023
SSG TRAINING & CONSULTANCY LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

SSG Training & Consultancy Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales . The address of the Company's registered office is Sigma House, Oak View Close, Edginswell Park, Torquay, TQ2 7FF. The principal place of business is Valley House, Valley Road, Plympton, Plymouth, Devon, PL7 1RF.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax. The company recognises revenue based on its value of the service provided to date.

Employee benefits

Defined contribution schemes
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
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 financial statements. 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 tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 5 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Leasehold improvements 5 years straight line
Plant and machinery 5 years straight line
Vehicles 5 - 6 years straight line
Fixtures and fittings 5 years straight line
Office equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 50 51

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 July 2022 71,057 71,057
At 30 June 2023 71,057 71,057
Accumulated amortisation
At 01 July 2022 71,057 71,057
At 30 June 2023 71,057 71,057
Net book value
At 30 June 2023 0 0
At 30 June 2022 0 0

4. Tangible assets

Leasehold improve-
ments
Plant and machinery Vehicles Fixtures and fittings Office equipment Total
£ £ £ £ £ £
Cost
At 01 July 2022 42,802 159,101 209,071 162,063 196,675 769,712
Additions 88,094 90,415 73,860 4,643 16,966 273,978
Disposals 0 ( 7,848) 0 0 0 ( 7,848)
At 30 June 2023 130,896 241,668 282,931 166,706 213,641 1,035,842
Accumulated depreciation
At 01 July 2022 34,281 88,778 66,356 136,240 165,533 491,188
Charge for the financial year 20,372 39,009 47,136 12,833 24,623 143,973
At 30 June 2023 54,653 127,787 113,492 149,073 190,156 635,161
Net book value
At 30 June 2023 76,243 113,881 169,439 17,633 23,485 400,681
At 30 June 2022 8,521 70,323 142,715 25,823 31,142 278,524

Included within the net book value of land and buildings above is £76,243 (2022 - £8,521) in respect of short leasehold land and buildings.

5. Debtors

2023 2022
£ £
Trade debtors 693,910 696,080
Prepayments 12,087 14,753
Other debtors 285,000 285,299
990,997 996,132

6. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 0 37,500
Trade creditors 74,857 56,360
Accruals and deferred income 604,695 596,151
Corporation tax 49,311 82,270
Other taxation and social security 230,568 194,228
Obligations under finance leases and hire purchase contracts 3,292 43,331
Other creditors 11,689 18,882
974,412 1,028,722

7. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 0 175,000
Obligations under finance leases and hire purchase contracts 32,830 0
32,830 175,000

Hire Purchase borrowings are secured on the individual assets taken out on hire purchase.

8. Deferred tax

2023 2022
£ £
At the beginning of financial year ( 46,570) ( 30,324)
Charged to the Statement of Income and Retained Earnings ( 11,360) ( 16,246)
At the end of financial year ( 57,930) ( 46,570)

9. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
60 Ordinary shares of £ 1.00 each 60 60

10. Financial commitments

Other financial commitments

2023 2022
£ £
Financial commitments in respect of vehicle operating lease 19,651 9,736