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Registered number: 08627048
K&L Training Solutions Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2023
3NT Ltd
38 Arden Road
Desborough
Kettering
Northants
NN14 2WJ
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—5
Page 1
Accountant's Report
Report to the director on the preparation of the unaudited statutory accounts of K&L Training Solutions Ltd for the year ended 31 July 2023
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of K&L Training Solutions Ltd for the year ended 31 July 2023 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records and from information and explanations you have given to us.
As a practising member of the Institute of Financial Accountants (IFA), we are subject to its ethical and other professional requirements which are detailed at https://www.ifa.org.uk/about-us/acting-in-the-public-interest/memberregulations.
This report is made solely to the director of K&L Training Solutions Ltd , as a body, in accordance with the terms of our engagement letter dated 12 December 2018. Our work has been undertaken solely to prepare for your approval the accounts of K&L Training Solutions Ltd and state those matters that we have agreed to state to the director of K&L Training Solutions Ltd , as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than K&L Training Solutions Ltd and its director, as a body, for our work or for this report.
It is your duty to ensure that K&L Training Solutions Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of K&L Training Solutions Ltd . You consider that K&L Training Solutions Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of K&L Training Solutions Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
Laurence Denton
05/04/2024
3NT Ltd
38 Arden Road
Desborough
Kettering
Northants
NN14 2WJ
Page 1
Page 2
Balance Sheet
Registered number: 08627048
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 44 59
44 59
CURRENT ASSETS
Debtors 5 3,641 4,117
Cash at bank and in hand 4 71
3,645 4,188
Creditors: Amounts Falling Due Within One Year 6 (5,695 ) (5,615 )
NET CURRENT ASSETS (LIABILITIES) (2,050 ) (1,427 )
TOTAL ASSETS LESS CURRENT LIABILITIES (2,006 ) (1,368 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 7 (8 ) (11 )
NET LIABILITIES (2,014 ) (1,379 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (2,015 ) (1,380 )
SHAREHOLDERS' FUNDS (2,014) (1,379)
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Page 3
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr T Mills
Director
05/04/2024
The notes on pages 4 to 5 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
K&L Training Solutions Ltd Registered number 08627048 is a limited by shares company incorporated in England & Wales. The Registered Office is 38 Arden Road, Desborough, Kettering, Northants, NN14 2WJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% Reducing Balance
2.4. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 August 2022 250
As at 31 July 2023 250
Depreciation
As at 1 August 2022 191
Provided during the period 15
As at 31 July 2023 206
Net Book Value
As at 31 July 2023 44
As at 1 August 2022 59
5. Debtors
2023 2022
£ £
Due within one year
Director's loan account 3,641 4,117
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6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 99 223
Corporation tax 5,423 5,079
Accruals and deferred income 173 313
5,695 5,615
7. Deferred Taxation
The provision for deferred taxation is made up of accelerated capital allowances
2023 2022
£ £
Other timing differences 8 11
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 August 2022 Amounts advanced Amounts repaid Amounts written off As at 31 July 2023
£ £ £ £ £
Mr Tom Mills 4,117 4,756 5,232 - 3,641
The above loan is unsecured, interest free and repayable on demand.
10. Ultimate Controlling Party
The company's ultimate controlling party is Mr Tom Mills by virtue of his ownership of 100% of the issued share capital in the company.
Page 5