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REGISTERED NUMBER: 05833340 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

NSPP Vocational Training Limited

NSPP Vocational Training Limited (Registered number: 05833340)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


NSPP Vocational Training Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: G M Whaites
P Shepherd





REGISTERED OFFICE: 13 Bernard Street
Glossop
Derbyshire
SK13 7AA





REGISTERED NUMBER: 05833340 (England and Wales)





ACCOUNTANTS: Lomas and Company Accountants Limited
Bridge House
12 Market Street
Glossop
Derbyshire
SK13 8AR

NSPP Vocational Training Limited (Registered number: 05833340)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 619,552 414,454

CURRENT ASSETS
Debtors 5 225,494 360,269
Cash at bank and in hand 31,000 2,791
256,494 363,060
CREDITORS
Amounts falling due within one year 6 162,497 200,981
NET CURRENT ASSETS 93,997 162,079
TOTAL ASSETS LESS CURRENT
LIABILITIES

713,549

576,533

CREDITORS
Amounts falling due after more than one
year

7

(137,313

)

(175,882

)

PROVISIONS FOR LIABILITIES (54,794 ) (58,000 )
NET ASSETS 521,442 342,651

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 9 521,342 342,551
SHAREHOLDERS' FUNDS 521,442 342,651

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2024 and were signed on its behalf by:





P Shepherd - Director


NSPP Vocational Training Limited (Registered number: 05833340)

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

1. STATUTORY INFORMATION

NSPP Vocational 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 as modified by the revaluation of certain assets.

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 - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on reducing balance

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans and directors' loans.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

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.

NSPP Vocational Training Limited (Registered number: 05833340)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST OR VALUATION
At 1 September 2022 320,566 42,170 36,228
Additions - - 15,630
Revaluations 179,434 - -
At 31 August 2023 500,000 42,170 51,858
DEPRECIATION
At 1 September 2022 36,595 22,552 21,270
Charge for year - 3,924 4,029
Revaluation adjustments (36,595 ) - -
At 31 August 2023 - 26,476 25,299
NET BOOK VALUE
At 31 August 2023 500,000 15,694 26,559
At 31 August 2022 283,971 19,618 14,958

Motor Computer
vehicles equipment Totals
£    £    £   
COST OR VALUATION
At 1 September 2022 137,939 33,907 570,810
Additions - 2,392 18,022
Revaluations - - 179,434
At 31 August 2023 137,939 36,299 768,266
DEPRECIATION
At 1 September 2022 53,091 22,848 156,356
Charge for year 16,970 4,030 28,953
Revaluation adjustments - - (36,595 )
At 31 August 2023 70,061 26,878 148,714
NET BOOK VALUE
At 31 August 2023 67,878 9,421 619,552
At 31 August 2022 84,848 11,059 414,454

Cost or valuation at 31 August 2023 is represented by:

Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
Valuation in 2023 500,000 - -
Cost - 42,170 51,858
500,000 42,170 51,858

NSPP Vocational Training Limited (Registered number: 05833340)

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

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
Valuation in 2023 - - 500,000
Cost 137,939 36,299 268,266
137,939 36,299 768,266

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors - 9,023
Other debtors 1,960 44,488
Directors' current accounts 218,096 277,114
Tax - 16,931
VAT - 5,955
Prepayments 5,438 6,758
225,494 360,269

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts 34,994 58,016
Hire purchase contracts - 7,780
Trade creditors 920 28,306
Tax 107,238 98,888
Social security and other taxes 828 (1,523 )
Other creditors 2,687 5,314
Accrued expenses 15,830 4,200
162,497 200,981

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans - 1-2 years 33,990 34,342
Bank loans - 2-5 years 47,591 65,717
Bank loans more 5 yr by instal 55,732 68,691
Hire purchase contracts - 7,132
137,313 175,882

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 55,732 68,691

8. SECURED DEBTS

The bank loan with Barclays is secured by fixed and floating charges over the property and other assets of the company dated 23 April 2014 and 3 November 2014.

NSPP Vocational Training Limited (Registered number: 05833340)

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

9. RESERVES
Retained
earnings
£   

At 1 September 2022 342,551
Profit for the year 296,679
Dividends (279,910 )
Fair value reserve 162,022
At 31 August 2023 521,342

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2023 and 31 August 2022:

31.8.23 31.8.22
£    £   
G M Whaites
Balance outstanding at start of year 188,514 59,941
Amounts advanced 118,124 188,514
Amounts repaid (188,514 ) (59,941 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 118,124 188,514

P Shepherd
Balance outstanding at start of year 88,600 86,664
Amounts advanced 99,973 88,600
Amounts repaid (88,600 ) (86,664 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 99,973 88,600