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REGISTERED NUMBER: 08931484 (England and Wales)















GLP TRAINING LTD

Unaudited Financial Statements for the Year Ended 31 July 2023






GLP TRAINING LTD (REGISTERED NUMBER: 08931484)






Contents of the Financial Statements
for the year ended 31 July 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 5


GLP TRAINING LTD

Company Information
for the year ended 31 July 2023







Director: G L Parsons





Registered office: GLP House
19 Brittania Road
Worcester
Worcestershire
WR1 3DF





Registered number: 08931484 (England and Wales)





Accountants: Cooper Parry Advisory Limited
CUBO Birmingham
3rd Floor
Two Chamberlain Square
Birmingham
West Midlands
B3 3AX

GLP TRAINING LTD (REGISTERED NUMBER: 08931484)

Balance Sheet
31 July 2023

2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 4 54,256 55,076

Current assets
Debtors 5 476,265 432,388
Cash at bank and in hand 20,611 114
496,876 432,502
Creditors
Amounts falling due within one year 6 180,082 257,667
Net current assets 316,794 174,835
Total assets less current liabilities 371,050 229,911

Creditors
Amounts falling due after more than one year 7 30,659 37,251
Net assets 340,391 192,660

Capital and reserves
Called up share capital 100 100
Retained earnings 340,291 192,560
Shareholders' funds 340,391 192,660

GLP TRAINING LTD (REGISTERED NUMBER: 08931484)

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 director acknowledges her 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 April 2024 and were signed by:





G L Parsons - Director


GLP TRAINING LTD (REGISTERED NUMBER: 08931484)

Notes to the Financial Statements
for the year ended 31 July 2023

1. Statutory information

GLP Training Ltd 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.

The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment. In particular, in response to the COVID-19 pandemic, the Directors have tested their cash flow analysis to take into account the impact on their business of possible scenarios brought on by the impact of COVID-19, alongside the measures that they can take to mitigate the current adverse conditions, and the current resources available, the Directors have concluded that they can continue to adopt the going concern basis in preparing the annual report and accounts.

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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% 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.

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 36 (2022 - 36 ) .

GLP TRAINING LTD (REGISTERED NUMBER: 08931484)

Notes to the Financial Statements - continued
for the year ended 31 July 2023

4. Tangible fixed assets
Fixtures
Improvements Plant and and Computer
to property machinery fittings equipment Totals
£ £ £ £ £
Cost
At 1 August 2022 38,437 10,677 23,610 54,788 127,512
Additions - - - 7,751 7,751
At 31 July 2023 38,437 10,677 23,610 62,539 135,263
Depreciation
At 1 August 2022 - 9,428 13,879 49,129 72,436
Charge for year - 312 1,460 6,799 8,571
At 31 July 2023 - 9,740 15,339 55,928 81,007
Net book value
At 31 July 2023 38,437 937 8,271 6,611 54,256
At 31 July 2022 38,437 1,249 9,731 5,659 55,076

5. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors 222,958 192,861
Other debtors 98,989 109,358
Directors' current accounts 65,104 65,104
VAT 32,316 1,600
Prepayments 4,398 13,465
Accrued income 52,500 50,000
476,265 432,388

6. Creditors: amounts falling due within one year
2023 2022
£ £
Bank loans and overdrafts 6,791 14,836
Trade creditors 117,789 78,562
Tax 20,312 -
Social security and other taxes 28,144 144,783
Other creditors 4,546 16,986
Accrued expenses 2,500 2,500
180,082 257,667

7. Creditors: amounts falling due after more than one year
2023 2022
£ £
Bank loans - 1-2 years 30,659 37,251