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REGISTERED NUMBER: 05998046 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Trade Centre Training Limited

Trade Centre Training Limited (Registered number: 05998046)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Trade Centre Training Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: CC Harris
Mrs LL Harris





REGISTERED OFFICE: The Trade Centre
Harris House
The Pinnacles
Harlow
Essex
CM19 5AN





REGISTERED NUMBER: 05998046 (England and Wales)





ACCOUNTANTS: Lawrence & Company
Chartered Certified Accountants
26 Bell Street
Sawbridgeworth
Hertfordshire
CM21 9AN

Trade Centre Training Limited (Registered number: 05998046)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 314,981 315,985

CURRENT ASSETS
Debtors 5 22,833 29,085
Cash at bank 511 49,453
23,344 78,538
CREDITORS
Amounts falling due within one year 6 104,945 101,803
NET CURRENT LIABILITIES (81,601 ) (23,265 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

233,380

292,720

CREDITORS
Amounts falling due after more than one
year

7

155,643

290,321
NET ASSETS 77,737 2,399

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8 77,637 2,299
SHAREHOLDERS' FUNDS 77,737 2,399

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Trade Centre Training Limited (Registered number: 05998046)

Balance Sheet - continued
30 November 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 Board of Directors and authorised for issue on 11 March 2024 and were signed on its behalf by:





CC Harris - Director


Trade Centre Training Limited (Registered number: 05998046)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Trade Centre 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.
Freehold property - 4% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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
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.

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.

Trade Centre Training Limited (Registered number: 05998046)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 December 2022 580,287 - 37,986
Additions - 31,595 -
Disposals - - -
At 30 November 2023 580,287 31,595 37,986
DEPRECIATION
At 1 December 2022 280,502 - 30,737
Charge for year 19,231 4,739 1,812
Eliminated on disposal - - -
At 30 November 2023 299,733 4,739 32,549
NET BOOK VALUE
At 30 November 2023 280,554 26,856 5,437
At 30 November 2022 299,785 - 7,249

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 December 2022 15,299 2,267 635,839
Additions 2,500 - 34,095
Disposals (15,299 ) - (15,299 )
At 30 November 2023 2,500 2,267 654,635
DEPRECIATION
At 1 December 2022 6,694 1,921 319,854
Charge for year 625 87 26,494
Eliminated on disposal (6,694 ) - (6,694 )
At 30 November 2023 625 2,008 339,654
NET BOOK VALUE
At 30 November 2023 1,875 259 314,981
At 30 November 2022 8,605 346 315,985

Trade Centre Training Limited (Registered number: 05998046)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 December 2022 15,299
Disposals (15,299 )
At 30 November 2023 -
DEPRECIATION
At 1 December 2022 6,694
Eliminated on disposal (6,694 )
At 30 November 2023 -
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 8,605

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 32 11,782
Other debtors 1,195 453
Other loans 18,950 16,850
Prepayments and accrued income 2,656 -
22,833 29,085

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 37,804 54,928
Hire purchase contracts - 3,625
Trade creditors 1,213 1,965
Tax 31,028 11,897
Social security and other taxes 5,273 6,774
Directors' current accounts 27,377 20,364
Accrued expenses 2,250 2,250
104,945 101,803

Trade Centre Training Limited (Registered number: 05998046)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans - 1-2 years 32,605 53,690
Bank loans - 2-5 years 73,003 129,200
Bank loans more 5 yr by instal 50,035 102,597
Hire purchase contracts - 4,834
155,643 290,321

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 50,035 102,597

8. RESERVES
Retained
earnings
£   

At 1 December 2022 2,299
Profit for the year 105,813
Dividends (30,475 )
At 30 November 2023 77,637

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

30.11.23 30.11.22
£    £   
CC Harris
Balance outstanding at start of year (20,364 ) 47,610
Amounts advanced (14,967 ) (200,045 )
Amounts repaid 7,954 132,071
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (27,377 ) (20,364 )

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £30,475 (2022 - £25,000) were paid to the directors .

The Directors CC Harris & Mrs LL Harris the owner of 100% of the issued voting share capital operates a loan account along with many other companies of similar size and nature to facilitate the financial transactions of the company, the movements are summarised above.