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Sorted Training Ltd

Financial Statements for the Year Ended 31 July 2023






Sorted Training Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTORS: J R Howlin
A J Chapple





REGISTERED OFFICE: Church View Business Park
Coney Green Road
Clay Cross
Chesterfield
Derbyshire
S45 9HA





REGISTERED NUMBER: 13122489 (England and Wales)





ACCOUNTANTS: BPU Limited
Chartered Accountants
Radnor House
Greenwood Close
Cardiff Gate Business Park
Cardiff
CF23 8AA

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Sorted Training Ltd


The following reproduces the text of the report prepared for the directors 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 Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Sorted Training Ltd for the year ended 31 July 2023 which comprise the Profit & Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Sorted Training Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Sorted Training Ltd and state those matters that we have agreed to state to the Board of Directors of Sorted Training Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sorted Training Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Sorted Training Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Sorted Training Ltd. You consider that Sorted Training Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Sorted Training 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 statutory financial statements.






BPU Limited
Chartered Accountants


16 April 2024

Sorted Training Ltd (Registered number: 13122489)

Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 13,750 11,362

CURRENT ASSETS
Debtors 4 133,391 27,531
Cash at bank 7,088 14,275
140,479 41,806
CREDITORS
Amounts falling due within one year 5 321,103 120,952
NET CURRENT LIABILITIES (180,624 ) (79,146 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(166,874

)

(67,784

)

CAPITAL AND RESERVES
Called up share capital 100 1
Retained earnings (166,974 ) (67,785 )
(166,874 ) (67,784 )

Sorted Training Ltd (Registered number: 13122489)

Balance Sheet - continued
31 July 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 April 2024 and were signed on its behalf by:





J R Howlin - Director


Sorted Training Ltd (Registered number: 13122489)

Notes to the Financial Statements
for the Year Ended 31 July 2023


1. 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.

The accounts have been prepared on a going concern basis because the company has the ongoing support of the directors and it's creditors. Post year end a majority shareholding was acquired by a parent company that continues to support the company.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - not provided
Plant and machinery - 20% reducing balance
Fixtures and fittings - 15% reducing balance
Computer equipment - 33% straight line

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.

Pension costs
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.

Sorted Training Ltd (Registered number: 13122489)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023


2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 6 ) .

3. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 August 2022 6,348 242 1,101 5,324 13,015
Additions - - 915 4,380 5,295
At 31 July 2023 6,348 242 2,016 9,704 18,310
DEPRECIATION
At 1 August 2022 - 68 235 1,350 1,653
Charge for year - 17 245 2,645 2,907
At 31 July 2023 - 85 480 3,995 4,560
NET BOOK VALUE
At 31 July 2023 6,348 157 1,536 5,709 13,750
At 31 July 2022 6,348 174 866 3,974 11,362

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 133,391 23,530
Other debtors & prepayments - 4,001
133,391 27,531

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 132,862 30,800
Amounts owed to group undertakings 96,672 25,000
Taxes & social security costs 19,313 12,580
Other creditors & accruals 72,256 52,572
321,103 120,952