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Registration number: 04877080

Training & Development Consultants Limited

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Training & Development Consultants Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Training & Development Consultants Limited

Company Information

Director

S N J Colmar

Registered office

Cooper House
Lower Charlton Estate
Shepton Mallet
Somerset
BA4 5QE

Accountants

Burton Sweet Limited
Chartered Accountants and Business Advisers
Cooper House
Lower Charlton Estate
Shepton Mallet
Somerset
BA4 5QE

 

Training & Development Consultants Limited

(Registration number: 04877080)
Balance Sheet
31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

737

941

Other financial assets

5

283,951

372,859

 

284,688

373,800

Current assets

 

Debtors

6

6,934

6,295

Cash at bank and in hand

 

23,002

15,810

 

29,936

22,105

Creditors: Amounts falling due within one year

7

(18,730)

(2,847)

Net current assets

 

11,206

19,258

Net assets

 

295,894

393,058

Capital and reserves

 

Called up share capital

2

2

Retained earnings

295,892

393,056

Shareholders' funds

 

295,894

393,058

 

Training & Development Consultants Limited

(Registration number: 04877080)
Balance Sheet
31 March 2024

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 13 August 2024
 



S N J Colmar
Director

 

Training & Development Consultants Limited

Notes to the Unaudited Financial Statements
Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Cooper House
Lower Charlton Estate
Shepton Mallet
Somerset
BA4 5QE

These financial statements were authorised for issue by the director on 13 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Training & Development Consultants Limited

Notes to the Unaudited Financial Statements
Year Ended 31 March 2024

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Property improvements

5% per annum straight line

Computer equipment

33% per annum on a reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business. Trade debtors are recognised at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers and are recognised at transaction price. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

 

Training & Development Consultants Limited

Notes to the Unaudited Financial Statements
Year Ended 31 March 2024

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Training & Development Consultants Limited

Notes to the Unaudited Financial Statements
Year Ended 31 March 2024

4

Tangible assets

Long leasehold land and buildings
£

Office equipment
£

Total
£

Cost or valuation

At 1 April 2023

1,712

3,407

5,119

At 31 March 2024

1,712

3,407

5,119

Depreciation

At 1 April 2023

1,320

2,858

4,178

Charge for the year

22

182

204

At 31 March 2024

1,342

3,040

4,382

Carrying amount

At 31 March 2024

370

367

737

At 31 March 2023

392

549

941

 

Training & Development Consultants Limited

Notes to the Unaudited Financial Statements
Year Ended 31 March 2024

5

Other financial assets (current and non-current)

Financial assets at fair value through profit and loss
£

Total
£

Non-current financial assets

Cost or valuation

At 1 April 2023

372,859

372,859

Fair value adjustments

(13,248)

(13,248)

Additions

40,973

40,973

Disposals

(116,633)

(116,633)

At 31 March 2024

283,951

283,951

Impairment

Carrying amount

At 31 March 2024

283,951

283,951

6

Debtors

2024
£

2023
£

Trade debtors

890

2,741

Other debtors

6,044

3,554

6,934

6,295

 

Training & Development Consultants Limited

Notes to the Unaudited Financial Statements
Year Ended 31 March 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

-

942

Other creditors

18,730

1,905

18,730

2,847