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REGISTERED NUMBER: 06682885 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Specialist Vocational Training Limited

Specialist Vocational Training Limited (Registered number: 06682885)

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










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Specialist Vocational Training Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: T D Watson



REGISTERED OFFICE: 3 Hewitts Avenue Business Park
Humberston
Grimsby
Lincolnshire
DN36 4TQ



REGISTERED NUMBER: 06682885 (England and Wales)



ACCOUNTANTS: Harris Lacey and Swain
Suite 1
The Riverside Building
Hessle
East Yorkshire
HU13 0DZ



BANKERS: HSBC Bank Plc
55 Victoria Street
Grimsby
DN31 1UX

Specialist Vocational Training Limited (Registered number: 06682885)

Abridged Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,039 6,155

CURRENT ASSETS
Debtors 587,099 376,176
Cash at bank and in hand 124,512 327,406
711,611 703,582
CREDITORS
Amounts falling due within one year 617,868 507,958
NET CURRENT ASSETS 93,743 195,624
TOTAL ASSETS LESS CURRENT
LIABILITIES

96,782

201,779

CREDITORS
Amounts falling due after more than one
year

141,261

165,218
NET (LIABILITIES)/ASSETS (44,479 ) 36,561

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Other reserves 124 124
Retained earnings (45,603 ) 35,437
(44,479 ) 36,561

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Specialist Vocational Training Limited (Registered number: 06682885)

Abridged Balance Sheet - continued
31 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 28 August 2024 and were signed by:





T D Watson - Director


Specialist Vocational Training Limited (Registered number: 06682885)

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


1. STATUTORY INFORMATION

Specialist 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.

Turnover
Revenue is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods supplied or services rendered, net of returns, discounts and rebates allowed by the company and value added taxes.

The company recognises revenue when the significant risks and rewards of ownership have been transferred to the buyer; the company retains no continuing involvement or control over the goods; the amount of revenue can be measured reliably; it is probable that future economic benefits will flow to the entity and when the specific criteria relating to each of the company's sales channels have been met, as described below.

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 - 15% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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 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.

Specialist Vocational Training Limited (Registered number: 06682885)

Notes to the Financial Statements - continued
for the Year Ended 31 December 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2022 - 20 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023 26,361
Additions 3,039
At 31 December 2023 29,400
DEPRECIATION
At 1 January 2023 20,206
Charge for year 6,155
At 31 December 2023 26,361
NET BOOK VALUE
At 31 December 2023 3,039
At 31 December 2022 6,155