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REGISTERED NUMBER: 11006843 (England and Wales)












VORTEX TRAINING GROUP LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023






VORTEX TRAINING GROUP LTD (REGISTERED NUMBER: 11006843)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VORTEX TRAINING GROUP LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







Directors: Mr T R Noblett
Mr T J Noblett





Registered office: Brownhill Farm
Copthurst Lane
CHORLEY
PR6 8LR





Business address: Sumner House
Unit A, First Floor
37 Parkfield Road
COLESHILL
B46 3LD





Registered number: 11006843 (England and Wales)





Accountants: Scott & Wilkinson
Dalton House
9 Dalton Square
LANCASTER
LA1 1WD

VORTEX TRAINING GROUP LTD (REGISTERED NUMBER: 11006843)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 284,765 122,148

Current assets
Debtors 5 203,996 149,779
Cash at bank and in hand 51,865 62,683
255,861 212,462
Creditors
Amounts falling due within one year 6 110,176 92,545
Net current assets 145,685 119,917
Total assets less current liabilities 430,450 242,065

Creditors
Amounts falling due after more than one year 7 (52,726 ) (41,046 )

Provisions for liabilities (38,121 ) (5,676 )
Net assets 339,603 195,343

Capital and reserves
Called up share capital 100 100
Retained earnings 339,503 195,243
339,603 195,343

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

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

The directors acknowledge their 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.

VORTEX TRAINING GROUP LTD (REGISTERED NUMBER: 11006843)

BALANCE SHEET - continued
31 OCTOBER 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 March 2024 and were signed on its behalf by:





Mr T J Noblett - Director


VORTEX TRAINING GROUP LTD (REGISTERED NUMBER: 11006843)

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


1. Statutory information

Vortex Training Group Ltd 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

Basis of preparing the financial statements
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.

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

Turnover is recognised at a point in time when a performance obligation is satisfied by transferring a service to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

VORTEX TRAINING GROUP LTD (REGISTERED NUMBER: 11006843)

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


2. Accounting policies - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 5 (2022 - 8 ) .

4. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 November 2022 181,351
Additions 247,268
Disposals (21,367 )
At 31 October 2023 407,252
Depreciation
At 1 November 2022 59,203
Charge for year 74,892
Eliminated on disposal (11,608 )
At 31 October 2023 122,487
Net book value
At 31 October 2023 284,765
At 31 October 2022 122,148

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 159,455 142,434
Other debtors 44,541 7,345
203,996 149,779

VORTEX TRAINING GROUP LTD (REGISTERED NUMBER: 11006843)

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


6. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 11,396 11,396
Hire purchase contracts 35,518 17,243
Trade creditors 14,934 14,818
Taxation and social security 31,812 36,163
Other creditors 16,516 12,925
110,176 92,545

7. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans 23,396 28,589
Hire purchase contracts 29,330 12,457
52,726 41,046