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Registered number: 03262404
High Road Training Ltd
Unaudited Financial Statements
For The Year Ended 30 September 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 03262404
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 845 995
845 995
CURRENT ASSETS
Debtors 5 - 1,426
Cash at bank and in hand 14,393 16,891
14,393 18,317
Creditors: Amounts Falling Due Within One Year 6 (3,676 ) (22,589 )
NET CURRENT ASSETS (LIABILITIES) 10,717 (4,272 )
TOTAL ASSETS LESS CURRENT LIABILITIES 11,562 (3,277 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (161 ) -
NET ASSETS/(LIABILITIES) 11,401 (3,277 )
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account 11,301 (3,377 )
SHAREHOLDERS' FUNDS 11,401 (3,277)
Page 1
Page 2
For the year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 G B Southam
Director
23/01/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
High Road Training Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 03262404 . The registered office is Office 1 Embsay Mill, Embsay, Skipton, North Yorkshire, BD23 6QF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable for services rendered, net of discounts and Value Added Tax.
Turnover is invoiced and recognised on completion of the work undertaken.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 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 15% reducing balance
2.4. Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Taxis recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 October 2022 3,813
As at 30 September 2023 3,813
Depreciation
As at 1 October 2022 2,818
Provided during the period 150
As at 30 September 2023 2,968
Net Book Value
As at 30 September 2023 845
As at 1 October 2022 995
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5. Debtors
2023 2022
£ £
Due within one year
VAT - 1,426
- 1,426
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Corporation tax 1,847 -
VAT 929 -
Other creditors 57 72
Accruals and deferred income 840 840
Directors' loan accounts 3 21,677
3,676 22,589
7. Related Party Transactions
During the year, dividends totalling £4,000 (2022 - £nil) were paid to the directors.
Included in creditors: amounts falling due within one year, is a directors loan account balance of £3 (2022 - £21,677) owing to Mr G B Southam.
The balance is interest free and repayable on demand.
8. Ultimate Controlling Party
The company is under the control of Mr G B Southam & Mrs P S Southam, who are interested in 100% of the company's issued share capital.
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