IRIS Accounts Production v24.2.0.383 09887874 Board of Directors Board of Directors 1.12.22 30.11.23 30.11.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh098878742022-11-30098878742023-11-30098878742022-12-012023-11-30098878742021-11-30098878742021-12-012022-11-30098878742022-11-3009887874ns15:EnglandWales2022-12-012023-11-3009887874ns14:PoundSterling2022-12-012023-11-3009887874ns10:Director12022-12-012023-11-3009887874ns10:Director22022-12-012023-11-3009887874ns10:PrivateLimitedCompanyLtd2022-12-012023-11-3009887874ns10:SmallEntities2022-12-012023-11-3009887874ns10:AuditExempt-NoAccountantsReport2022-12-012023-11-3009887874ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3009887874ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-3009887874ns10:FullAccounts2022-12-012023-11-3009887874ns10:RegisteredOffice2022-12-012023-11-3009887874ns5:CurrentFinancialInstruments2023-11-3009887874ns5:CurrentFinancialInstruments2022-11-3009887874ns5:ShareCapital2023-11-3009887874ns5:ShareCapital2022-11-3009887874ns5:RetainedEarningsAccumulatedLosses2023-11-3009887874ns5:RetainedEarningsAccumulatedLosses2022-11-3009887874ns5:LeaseholdImprovements2022-11-3009887874ns5:MotorVehicles2022-11-3009887874ns5:ComputerEquipment2022-11-3009887874ns5:LeaseholdImprovements2022-12-012023-11-3009887874ns5:MotorVehicles2022-12-012023-11-3009887874ns5:ComputerEquipment2022-12-012023-11-3009887874ns5:LeaseholdImprovements2023-11-3009887874ns5:MotorVehicles2023-11-3009887874ns5:ComputerEquipment2023-11-3009887874ns5:LeaseholdImprovements2022-11-3009887874ns5:MotorVehicles2022-11-3009887874ns5:ComputerEquipment2022-11-3009887874ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-11-3009887874ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-11-30
REGISTERED NUMBER: 09887874 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 30 November 2023

for

SRM Training Solutions Limited

SRM Training Solutions Limited (Registered number: 09887874)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SRM Training Solutions Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: S R Morris
Mrs K L Morris





REGISTERED OFFICE: Hermes House
Fire Fly Avenue
Swindon
Wiltshire
SN2 2GA





REGISTERED NUMBER: 09887874 (England and Wales)

SRM Training Solutions Limited (Registered number: 09887874)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 28,043 4,715

CURRENT ASSETS
Debtors 5 4,326 8,413
Cash at bank 42,290 55,174
46,616 63,587
CREDITORS
Amounts falling due within one year 6 48,807 50,628
NET CURRENT (LIABILITIES)/ASSETS (2,191 ) 12,959
TOTAL ASSETS LESS CURRENT
LIABILITIES

25,852

17,674

PROVISIONS FOR LIABILITIES 7,011 422
NET ASSETS 18,841 17,252

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 18,839 17,250
SHAREHOLDERS' FUNDS 18,841 17,252

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

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

SRM Training Solutions Limited (Registered number: 09887874)

Balance Sheet - continued
30 November 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 August 2024 and were signed on its behalf by:




S R Morris - Director



Mrs K L Morris - Director


SRM Training Solutions Limited (Registered number: 09887874)

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

1. STATUTORY INFORMATION

SRM Training Solutions 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 following conditions are satisfied:
i. the Company has transferred to the buyer the significant risks and rewards of ownership of the goods;
ii. the Company retains neither continuing managerial involvement to the degree associated with ownership nor effective control over the goods sold;
iii. the amount of revenue can be measured reliably;
iv. it is probable that the economic benefits associated with the transaction can be measured reliably.

Sale of goods and services
Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the balance sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the balance sheet date. Where payments are received from customer in advance of services provided the amounts are recorded as deferred income and included as part of creditors due within one year.

Tangible fixed assets
Tangible assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes the original purchase price, costs directly attributable to bringing the asset to its working condition for its intended use, dismantling and restoration costs and borrowing costs capitalised.

Depreciation and residual values
Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset over its expected useful life as follows:

Improvements to Property - 20% Straight Line
Computer equipment - 25% Reducing Balance
Motor vehicles - 25% Straight Line

The assets' residual values and useful lives are reviewed, and adjusted, if appropriate, at the end of each reporting period. The effect of any changes is accounted for prospectively.


SRM Training Solutions Limited (Registered number: 09887874)

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

2. ACCOUNTING POLICIES - continued
Taxation
Taxation expense for the period comprises current and deferred tax recognised in the reporting period. Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case tax is also recognised in other comprehensive income or directly in equity respectively.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is the amount of income tax payable in respect of the taxable profit for the year or prior years. Tax is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the period end.

Management periodically evaluates positions taken in tax returns with respect to situations in which applicable tax regulation is subject to interpretation. It establishes provisions where appropriate on the basis of amount expected to be paid to the tax authorities.

Deferred tax
Deferred tax arises from timing differences that are differences between taxable profit and total comprehensive income as stated in the financial statements. These timing differences arise from the inclusion of income and expenses in tax assessment in periods different from those in which are recognised in financial statements.

Deferred tax is recognised on all timing differences at the reporting date except for certain exceptions. Unrelieved tax losses and other deferred tax assets are only recognised when 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 tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Motor Computer
property vehicles equipment Totals
£    £    £    £   
COST
At 1 December 2022 6,231 - 7,742 13,973
Additions - 33,505 - 33,505
At 30 November 2023 6,231 33,505 7,742 47,478
DEPRECIATION
At 1 December 2022 3,739 - 5,519 9,258
Charge for year 1,246 8,376 555 10,177
At 30 November 2023 4,985 8,376 6,074 19,435
NET BOOK VALUE
At 30 November 2023 1,246 25,129 1,668 28,043
At 30 November 2022 2,492 - 2,223 4,715

SRM Training Solutions Limited (Registered number: 09887874)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 4,326 7,413
Other debtors - 1,000
4,326 8,413

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Corporation Tax 676 8,233
VAT 5,826 3,202
Other creditors - 660
Directors' current accounts 40,480 37,033
Accruals and deferred income 1,825 1,500
48,807 50,628