Company No:
Contents
DIRECTOR | Christopher James Taylor |
SECRETARY | Christopher James Taylor |
REGISTERED OFFICE | 18 Northgate |
Sleaford | |
Lincolnshire | |
NG34 7BJ | |
United Kingdom |
BUSINESS ADDRESS | 52 Scarcroft Road |
York | |
North Yorkshire | |
YO23 1NF |
COMPANY NUMBER | 05542032 (England and Wales) |
ACCOUNTANT | Duncan & Toplis Limited |
18 Northgate | |
Sleaford | |
Lincolnshire | |
NG34 7BJ |
Note | 2023 | 2022 | ||
£ | £ | |||
Fixed assets | ||||
Tangible assets | 3 |
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Investment property | 4 |
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746,874 | 522,205 | |||
Current assets | ||||
Debtors | 5 |
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Cash at bank and in hand |
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259,775 | 350,483 | |||
Creditors: amounts falling due within one year | 6 | (
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(
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Net current assets | 169,805 | 261,698 | ||
Total assets less current liabilities | 916,679 | 783,903 | ||
Provision for liabilities | (
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Net assets |
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Capital and reserves | ||||
Called-up share capital | 7 |
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Profit and loss account | 9 |
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Total shareholder's funds |
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Director's responsibilities:
The financial statements of CPD Training (UK) Limited (registered number:
Christopher James Taylor
Director |
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.
CPD Training (UK) Limited (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 18 Northgate, Sleaford, Lincolnshire, NG34 7BJ, United Kingdom. The principal place of business is 52 Scarcroft Road, York, North Yorkshire, YO23 1NF.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and 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 £.
The director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director has 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 is recognised when the significant risks and rewards are considered to have been transferred to the customer.
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 Statement of Financial Position 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 current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.
Plant and machinery etc. |
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The fair value is determined annually by the director, on an open market value for existing use basis.
2023 | 2022 | ||
Number | Number | ||
Monthly average number of persons employed by the Company during the year, including the director |
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Plant and machinery etc. | Total | ||
£ | £ | ||
Cost | |||
At 01 September 2022 |
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At 31 August 2023 |
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Accumulated depreciation | |||
At 01 September 2022 |
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Charge for the financial year |
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At 31 August 2023 |
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Net book value | |||
At 31 August 2023 |
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At 31 August 2022 |
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Investment property | |
£ | |
Valuation | |
As at 01 September 2022 |
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Additions | 182,510 |
Fair value movement | 42,490 |
As at 31 August 2023 |
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Valuation
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss
2023 | 2022 | ||
£ | £ | ||
Trade debtors |
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Other debtors |
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2023 | 2022 | ||
£ | £ | ||
Taxation and social security |
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Other creditors |
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2023 | 2022 | ||
£ | £ | ||
Allotted, called-up and fully-paid | |||
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Transactions with the entity's director
2023 | 2022 | ||
£ | £ | ||
Balance outstanding at start of year | 18,995 | 20,787 | |
Amounts advanced | 77,164 | 82,775 | |
Amounts repaid | (81,528) | (84,567) | |
Balance outstanding at end of year | 14,631 | 18,995 |
Interest is charged on the overdrawn directors loan accounts at the official rate where applicable. The loans made to the directors are unsecured and repayable on demand.
Included within reserves are non distributable reserves of £99,028 (2022: £72,525) in relation to the revaluation of the investment properties.