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REGISTERED NUMBER: 05232166 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

BARROW TRAINING PARTNERSHIP LIMITED

BARROW TRAINING PARTNERSHIP LIMITED (REGISTERED NUMBER: 05232166)






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




Page

Company Information 1

Chartered Certified Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


BARROW TRAINING PARTNERSHIP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: Mr K S Dymond





REGISTERED OFFICE: Doubletree Court
10A Cavendish Street
Ulverston
Cumbria
LA12 7AD





REGISTERED NUMBER: 05232166 (England and Wales)





ACCOUNTANTS: R F Miller & Co
Double Tree Court
10A Cavendish St
Ulverston
Cumbria
LA12 7AD

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
BARROW TRAINING PARTNERSHIP LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In accordance with the engagement letter, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.

This report is made to the director in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the director the financial statements that we have been engaged to compile, to report to the director that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's director for our work or for this report.

You have acknowledged on the balance sheet as at 31 October 2023 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. 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.






R F Miller & Co
Double Tree Court
10A Cavendish St
Ulverston
Cumbria
LA12 7AD


Date: .............................................

BARROW TRAINING PARTNERSHIP LIMITED (REGISTERED NUMBER: 05232166)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 696 754
Tangible assets 5 22,291 15,297
22,987 16,051

CURRENT ASSETS
Debtors 6 69,158 44,147
Cash at bank 72,578 72,449
141,736 116,596
CREDITORS
Amounts falling due within one year 7 146,194 96,224
NET CURRENT (LIABILITIES)/ASSETS (4,458 ) 20,372
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,529

36,423

CREDITORS
Amounts falling due after more than one
year

8

(15,828

)

(25,828

)

PROVISIONS FOR LIABILITIES (1,147 ) (1,389 )
NET ASSETS 1,554 9,206

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 10 554 8,206
SHAREHOLDERS' FUNDS 1,554 9,206

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 director acknowledges his 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.

BARROW TRAINING PARTNERSHIP LIMITED (REGISTERED NUMBER: 05232166)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 April 2024 and were signed by:





Mr K S Dymond - Director


BARROW TRAINING PARTNERSHIP LIMITED (REGISTERED NUMBER: 05232166)

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

1. STATUTORY INFORMATION

Barrow Training Partnership Limited 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.

RELATED PARTY EXEMPTION
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

TURNOVER
When the outcome of a transaction can be estimated reliably, turnover from the planning and registration of training programmes is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to the completion of contracts.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of twenty years.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on cost

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


BARROW TRAINING PARTNERSHIP LIMITED (REGISTERED NUMBER: 05232166)

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

2. ACCOUNTING POLICIES - continued
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.

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 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 November 2022
and 31 October 2023 1,160
AMORTISATION
At 1 November 2022 406
Charge for year 58
At 31 October 2023 464
NET BOOK VALUE
At 31 October 2023 696
At 31 October 2022 754

BARROW TRAINING PARTNERSHIP LIMITED (REGISTERED NUMBER: 05232166)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and Computer
leasehold machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 November 2022 7,987 8,005 11,439 9,656 37,087
Additions 8,268 - - 1,295 9,563
At 31 October 2023 16,255 8,005 11,439 10,951 46,650
DEPRECIATION
At 1 November 2022 - 5,402 10,608 5,780 21,790
Charge for year - 652 208 1,709 2,569
At 31 October 2023 - 6,054 10,816 7,489 24,359
NET BOOK VALUE
At 31 October 2023 16,255 1,951 623 3,462 22,291
At 31 October 2022 7,987 2,603 831 3,876 15,297

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 65,277 39,207
Other debtors - 1,680
Prepayments and accrued income 3,881 3,260
69,158 44,147

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 9,253 6,752
Social security and other taxes 306 584
VAT 21,630 13,736
Other creditors 2,000 2,000
Directors' current accounts 101,076 61,263
Accruals and deferred income 1,929 1,889
146,194 96,224

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 5,828 15,828
15,828 25,828

BARROW TRAINING PARTNERSHIP LIMITED (REGISTERED NUMBER: 05232166)

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

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary £1 1,000 1,000

10. RESERVES
Retained
earnings
£   

At 1 November 2022 8,206
Deficit for the year (3,652 )
Dividends (4,000 )
At 31 October 2023 554

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included within creditors is a loan from the director of £101,076 (2022: £61,263) The director's current account was not overdrawn at any time during the current or previous year.

12. RELATED PARTY DISCLOSURES

During the year, dividends totalling £4,000, (2022: £6,000) were paid to the director.

13. ULTIMATE CONTROLLING PARTY

The company is controlled by the director who owns 100% of the called up share capital.