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REGISTERED NUMBER: 12943717 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 October 2023

for

Gloucestershire Training Limited

Gloucestershire Training Limited (Registered number: 12943717)

Contents of the Financial Statements
for the Year Ended 31 October 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Gloucestershire Training Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: Miss S A Dixon





REGISTERED OFFICE: Unit 7
Orchard Industrial Estate
Toddington
Cheltenham
GL65 6EB





REGISTERED NUMBER: 12943717 (England and Wales)





ACCOUNTANTS: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
Gloucestershire
GL3 3RS

Gloucestershire Training Limited (Registered number: 12943717)

Statement of Financial Position
31 October 2023

31/10/23 31/10/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,337 39,508

CURRENT ASSETS
Debtors 5 31,736 20,057
Cash at bank and in hand 1 27,970
31,737 48,027
CREDITORS
Amounts falling due within one year 6 53,772 50,141
NET CURRENT LIABILITIES (22,035 ) (2,114 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,698

)

37,394

CREDITORS
Amounts falling due after more than one
year

7

(21,975

)

(32,075

)

PROVISIONS FOR LIABILITIES - (885 )
NET (LIABILITIES)/ASSETS (23,673 ) 4,434

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (23,674 ) 4,433
SHAREHOLDERS' FUNDS (23,673 ) 4,434

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 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.

Gloucestershire Training Limited (Registered number: 12943717)

Statement of Financial Position - 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 30 July 2024 and were signed by:





Miss S A Dixon - Director


Gloucestershire Training Limited (Registered number: 12943717)

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


1. STATUTORY INFORMATION

Gloucestershire Training 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% 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 statement of financial position date.

Deferred tax
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 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
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 are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these 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.

Gloucestershire Training Limited (Registered number: 12943717)

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


2. ACCOUNTING POLICIES - continued

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
Despite net liabilities of £23,673 at 31 October 2023 (2022 - net assets of £4,434), the accounts have been prepared on a going concern basis. The director has reviewed future cash flows and considers it appropriate to prepare the financial statements on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
Cost
At 1 November 2022 38,700 3,000 2,500 44,200
Additions - 550 648 1,198
Disposals (14,650 ) - - (14,650 )
At 31 October 2023 24,050 3,550 3,148 30,748
Depreciation
At 1 November 2022 4,032 313 347 4,692
Charge for year 5,386 809 1,050 7,245
Eliminated on disposal (1,526 ) - - (1,526 )
At 31 October 2023 7,892 1,122 1,397 10,411
Net book value
At 31 October 2023 16,158 2,428 1,751 20,337
At 31 October 2022 34,668 2,687 2,153 39,508

Gloucestershire Training Limited (Registered number: 12943717)

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


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
Cost
At 1 November 2022 37,100
Disposals (13,900 )
At 31 October 2023 23,200
Depreciation
At 1 November 2022 3,865
Charge for year 5,196
Eliminated on disposal (1,448 )
At 31 October 2023 7,613
Net book value
At 31 October 2023 15,587
At 31 October 2022 33,235

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 31/10/22
£    £   
Trade debtors 2,142 13,619
Other debtors 29,594 6,438
31,736 20,057

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 31/10/22
£    £   
Bank loans and overdrafts 2,063 -
Hire purchase contracts (see note 8) 10,100 10,100
Trade creditors 3,402 6,917
Taxation and social security 11,364 16,465
Other creditors 26,843 16,659
53,772 50,141

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/10/23 31/10/22
£    £   
Hire purchase contracts (see note 8) 21,975 32,075

Gloucestershire Training Limited (Registered number: 12943717)

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


8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31/10/23 31/10/22
£    £   
Net obligations repayable:
Within one year 10,100 10,100
Between one and five years 21,975 32,075
32,075 42,175

Non-cancellable operating leases
31/10/23 31/10/22
£    £   
Within one year - 27,332
Between one and five years - 52,536
- 79,868

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2023 and 31 October 2022:

31/10/23 31/10/22
£    £   
Miss S A Dixon
Balance outstanding at start of year (46 ) -
Amounts advanced 78,086 -
Amounts repaid (53,297 ) (46 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 24,743 (46 )

Interest is charged on the above loan to the director, included within other debtors, at the HM Revenue and Customs official rate of interest. Interest of £369 (2022 - £NIL) was charged during the year. The loan has no fixed repayment terms.

10. RELATED PARTY DISCLOSURES

Green Lofts and Ladders Ltd

During the year the company received a £4,000 interest free loan from a company the director, Miss S A Dixon, is a director and shareholder of. The balance, included within other creditors, has no fixed repayment terms.