Registered number
05991462
The Training Centre (Europe) Ltd
Filleted Accounts
30 November 2023
The Training Centre (Europe) Ltd
Registered number: 05991462
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 5 207 484
Current assets
Cash at bank and in hand 690 2,359
Creditors: amounts falling due within one year 6 (22,125) (27,347)
Net current liabilities (21,435) (24,988)
Net liabilities (21,228) (24,504)
Capital and reserves
Called up share capital 50 50
Profit and loss account (21,278) (24,554)
Shareholder's funds (21,228) (24,504)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
K Turner
Director
Approved by the board on 28 August 2024
The Training Centre (Europe) Ltd
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Going concern
The company has an excess of liabilities over assets at 30 November 2021 and the company's ability to continue trading is dependant on the full support of the company's directors and shareholders. The directors consider that the company will continue to trade for the foreseeable future and accordingly the financial statements are prepared on a going concern basis.
3 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
4 Intangible fixed assets £
Cost
At 1 December 2022 23,495
At 30 November 2023 23,495
Amortisation
At 1 December 2022 23,495
At 30 November 2023 23,495
Net book value
At 30 November 2023 -
Franchise fees are being written off in equal annual instalments over the estimated economic life of 5 years.
5 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2022 2,982
At 30 November 2023 2,982
Depreciation
At 1 December 2022 2,498
Charge for the year 277
At 30 November 2023 2,775
Net book value
At 30 November 2023 207
At 30 November 2022 484
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors - 125
Amounts due to directors 21,265 25,146
Taxation and social security costs 60 1,276
Other creditors 800 800
22,125 27,347
7 Controlling party
The company is fully owned by one of the directors, Mr K Turner.
8 Other information
The Training Centre (Europe) Ltd is a private company limited by shares and incorporated in England. Its registered office is:
34 Croydon Road
Caterham
Surrey
CR3 6QB
34 Croydon Road
Caterham
Surrey
CR3 6QB
The Training Centre (Europe) Ltd 05991462 false 2022-12-01 2023-11-30 2023-11-30 VT Final Accounts April 2024 K Turner No description of principal activity 05991462 2021-12-01 2022-11-30 05991462 core:WithinOneYear 2022-11-30 05991462 core:ShareCapital 2022-11-30 05991462 core:RetainedEarningsAccumulatedLosses 2022-11-30 05991462 2022-12-01 2023-11-30 05991462 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 05991462 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 05991462 bus:Director40 2022-12-01 2023-11-30 05991462 1 2022-12-01 2023-11-30 05991462 2 2022-12-01 2023-11-30 05991462 core:PlantMachinery 2022-12-01 2023-11-30 05991462 countries:England 2022-12-01 2023-11-30 05991462 bus:FRS102 2022-12-01 2023-11-30 05991462 bus:FilletedAccounts 2022-12-01 2023-11-30 05991462 2023-11-30 05991462 core:WithinOneYear 2023-11-30 05991462 core:ShareCapital 2023-11-30 05991462 core:RetainedEarningsAccumulatedLosses 2023-11-30 05991462 core:Goodwill 2023-11-30 05991462 core:PlantMachinery 2023-11-30 05991462 2022-11-30 05991462 core:Goodwill 2022-11-30 05991462 core:PlantMachinery 2022-11-30 iso4217:GBP xbrli:pure