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Registered number: 05819786
About Training Limited
Unaudited Financial Statements
For The Year Ended 30 November 2023
James Khan
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 05819786
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,350 1,780
1,350 1,780
CURRENT ASSETS
Debtors 5 83,946 59,219
Cash at bank and in hand 4,239 33,658
88,185 92,877
Creditors: Amounts Falling Due Within One Year 6 (64,107 ) (58,809 )
NET CURRENT ASSETS (LIABILITIES) 24,078 34,068
TOTAL ASSETS LESS CURRENT LIABILITIES 25,428 35,848
Creditors: Amounts Falling Due After More Than One Year 7 (25,320 ) (35,693 )
NET ASSETS 108 155
CAPITAL AND RESERVES
Called up share capital 8 101 101
Profit and Loss Account 7 54
SHAREHOLDERS' FUNDS 108 155
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Page 2
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Darren Sheppard
Director
30/08/2024
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
About Training Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05819786 . The registered office is The Embassy, 389 Newport Road, Cardiff, CF24 1TP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Reducing balance
Fixtures & Fittings 20% Reducing balance
Computer Equipment 25% Reducing balance
2.4. Taxation
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 December 2022 1,279 429 13,438 15,146
As at 30 November 2023 1,279 429 13,438 15,146
Depreciation
As at 1 December 2022 955 327 12,084 13,366
Provided during the period 65 26 339 430
As at 30 November 2023 1,020 353 12,423 13,796
Net Book Value
As at 30 November 2023 259 76 1,015 1,350
As at 1 December 2022 324 102 1,354 1,780
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5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 33,312 32,367
Other debtors 50,634 26,852
83,946 59,219
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Bank loans and overdrafts 13,240 13,240
Other creditors 14,858 11,333
Taxation and social security 36,009 34,236
64,107 58,809
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 25,320 35,693
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 December 2022 Amounts advanced Amounts repaid Amounts written off As at 30 November 2023
£ £ £ £ £
Mr Darren Sheppard 20,266 17,920 - - 38,186
The above loan is unsecured, interest free and repayable within nine months of the financial year end.
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