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REGISTERED NUMBER: 06612810 (England and Wales)















Financial Statements for the Year Ended 30 August 2023

for

Training Strategies Ltd.

Training Strategies Ltd. (Registered number: 06612810)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Training Strategies Ltd.

Company Information
for the Year Ended 30 August 2023







DIRECTORS: S M Lynch
S A Crewe
B Dunne





REGISTERED OFFICE: 116 Duke Street
Liverpool
Merseyside
L1 5JW





REGISTERED NUMBER: 06612810 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

Training Strategies Ltd. (Registered number: 06612810)

Balance Sheet
30 August 2023

30.8.23 30.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,952 9,473

CURRENT ASSETS
Debtors 5 3,228,907 2,862,781

CREDITORS
Amounts falling due within one year 6 1,587,324 1,072,185
NET CURRENT ASSETS 1,641,583 1,790,596
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,647,535

1,800,069

CREDITORS
Amounts falling due after more than
one year

7

(320,000

)

(484,166

)

PROVISIONS FOR LIABILITIES (1,488 ) (1,800 )
NET ASSETS 1,326,047 1,314,103

CAPITAL AND RESERVES
Called up share capital 1,111 1,111
Share premium 299,889 299,889
Retained earnings 1,025,047 1,013,103
SHAREHOLDERS' FUNDS 1,326,047 1,314,103

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

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

Training Strategies Ltd. (Registered number: 06612810)

Balance Sheet - continued
30 August 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 27 August 2024 and were signed on its behalf by:





S A Crewe - Director


Training Strategies Ltd. (Registered number: 06612810)

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

1. STATUTORY INFORMATION

Training Strategies 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable on provision of training, excluding discounts, rebates, value added tax and other sales taxes. Income is recognised when the services are complete.

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 etc - 20% on cost

Financial instruments
Other 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 and intercompany 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 profit and loss.

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.


Training Strategies Ltd. (Registered number: 06612810)

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

2. ACCOUNTING POLICIES - continued
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 29 (2022 - 38 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 31 August 2022
and 30 August 2023 239,010
DEPRECIATION
At 31 August 2022 229,537
Charge for year 3,521
At 30 August 2023 233,058
NET BOOK VALUE
At 30 August 2023 5,952
At 30 August 2022 9,473

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.8.23 30.8.22
£    £   
Amounts owed by associates 2,983,788 2,603,551
Other debtors 245,119 259,230
3,228,907 2,862,781

Training Strategies Ltd. (Registered number: 06612810)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.8.23 30.8.22
£    £   
Bank loans and overdrafts 209,337 240,213
Trade creditors 10,744 1,621
Taxation and social security 562,436 437,714
Other creditors 804,807 392,637
1,587,324 1,072,185

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.8.23 30.8.22
£    £   
Bank loans 320,000 484,166

8. SECURED DEBTS

The following secured debts are included within creditors:

30.8.23 30.8.22
£    £   
Bank overdrafts 47,671 21,613
Bank Loans - 30,213
47,671 51,826

The bank facility is secured by a fixed and floating charge over the assets of the company.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 30 August 2023 and the period ended 30 August 2022:

30.8.23 30.8.22
£    £   
S A Crewe
Balance outstanding at start of year - 20,474
Amounts advanced - 2,790
Amounts repaid - (23,264 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Training Strategies Ltd. (Registered number: 06612810)

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

10. RELATED PARTY DISCLOSURES

Included with other debtors is a balance of £2,968,308, (2022 £2,576,835) owing from Garden State Property Management Limited, a company under the control of Mr S M Lynch.

Included with other debtors is a balance of £1,800, (2022 £120) owing from GSPM Limited, a company under the control of Mr S M Lynch.

Included with other debtors is a balance of £33,518, (2022 £26,596) owing from GSPM 1 Limited, a company under the control of Mr S M Lynch.

Included with other debtors is a balance of £221,919, (2022 £258,627), owing from SCJA Limited, a company under the control of Mr S Crewe.

Included with other debtors is a balance of £144, (2022 £nil), owing from Garden State Holdings Limited, a company under the control of Mr SM Lynch.

All loans are interest free and repayable on demand.