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Registered Number: 08492589
England and Wales

 

 

 

CONSTRUCTION INDUSTRY TRAINING PROVIDERS LTD


Abridged Accounts
 


Period of accounts

Start date: 01 August 2022

End date: 31 July 2023
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 36,979    41,506 
36,979    41,506 
Current assets      
Debtors 318,943    361,848 
Cash at bank and in hand 139,360    232,496 
458,303    594,344 
Creditors: amount falling due within one year (182,185)   (216,162)
Net current assets 276,118    378,182 
 
Total assets less current liabilities 313,097    419,688 
Creditors: amount falling due after more than one year (36,295)   (51,180)
Provisions for liabilities (6,154)   (6,725)
Net assets 270,648    361,783 
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account 270,548    361,683 
Shareholder's funds 270,648    361,783 
 


For the year ended 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 15 April 2024 and were signed on its behalf by:


-------------------------------
N J Doyne
Director
1
General Information
Construction Industry Training Providers Ltd is a private company, limited by shares, registered in England and Wales, registration number 08492589, registration address Silver Birches Yard, Reading Road Padworth Common, Reading, Berkshire, RG7 4QL.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102(1A) The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

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.
Going concern
The accounts are prepared on a going concern basis. The use of the going concern basis of accounting is appropriate because there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. Turnover is recognised at the point the service has been provided having been adjusted for accrued and deferred income.
Hire Purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases contracts are depreciated over their estimated useful lives or the lease term, whichever is the shorter.
The interest element of this obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the statement of income, 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 statement of financial position date.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 and 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.
Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant and machinery - 25% Reducing balance method
Fixtures and fittings - 25% Reducing balance method
Motor vehicles - 25% Reducing balance method
Computer equipment - 25% Straight line method
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount and an impairment loss is recognised immediately in profit or loss.
If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.
Debtors
Short term debtors are measured at transaction price less any impairment. Loans receivable are measured at initially at fair value, net of transaction costs, and are measured subsequently at amortised costs using the effective interest method.
Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans are measured initially at fair value, net of transaction costs, and are subsequently measured at amortised costs using the effective interest method.
2.

Average number of employees

Average number of employees during the year was 10 (2022 : 10).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £   £
At 01 August 2022 63,188    45,490    5,520    1,859    116,057 
Additions 5,148        1,351    6,499 
Disposals        
At 31 July 2023 68,336    45,490    5,520    3,210    122,556 
Depreciation
At 01 August 2022 54,659    13,318    4,715    1,859    74,551 
Charge for year 2,668    8,043    202    113    11,026 
On disposals        
At 31 July 2023 57,327    21,361    4,917    1,972    85,577 
Net book values
Closing balance as at 31 July 2023 11,009    24,129    603    1,238    36,979 
Opening balance as at 01 August 2022 8,529    32,172    805      41,506 

The net book value of Plant and Machinery, Motor Vehicles includes £ 27,381 (2022 £36,508) in respect of assets leased under finance leases or hire purchase contracts.

4.

Debtors: amounts falling due within one year

.   2023
£
  2022
£
Trade Debtors 116,418  205,445 
Amount Owed by Group Undertakings 202,000  154,217 
Prepayments & Accrued Income 525  1,319 
PAYE & Social Security 867 
318,943  361,848 

5.

Creditors: amounts falling due within one year

.   2023
£
  2022
£
Trade Creditors 56,478  89,571 
Bank Loans & Overdrafts 5,556  5,556 
Corporation Tax 17,818  26,264 
PAYE & Social Security 3,793 
Accrued Expenses 57,710  62,046 
Other Creditors 4,266  2,654 
Obligations under HP/Financial Leases 9,329  9,331 
VAT 27,235  20,740 
182,185  216,162 

6.

Creditors: amounts falling due after more than one year

.   2023
£
  2022
£
Bank Loans & Overdrafts 32,408  37,963 
Obligations Under HP/Financial Leases 3,887  13,217 
36,295  51,180 

7.

Leasing Agreements

Minimum lease payments fall due as follows:   2023
£
  2022
£
Hire purchase contracts - within one year 9,329  9,332 
Between one and five years 3,887  13,216 
13,216  22,548 

8.

Leasing Agreements - Non Cancellable Operating Leases

.   2023
£
  2022
£
Within one year 17,237  18,741 
Between one and five years 55,000  60,000 
In more than five years 10,000 
72,237  88,741 

9.

Controlling party

The controlling party is Doyne Group Limited.
2