IRIS Accounts Production v24.1.9.2 04868475 director 31.8.22 30.11.23 30.11.23 LGV Training. false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh048684752022-08-30048684752023-11-30048684752022-08-312023-11-30048684752021-08-30048684752021-08-312022-08-30048684752022-08-3004868475ns15:EnglandWales2022-08-312023-11-3004868475ns14:PoundSterling2022-08-312023-11-3004868475ns10:Director12022-08-312023-11-3004868475ns10:PrivateLimitedCompanyLtd2022-08-312023-11-3004868475ns10:SmallEntities2022-08-312023-11-3004868475ns10:AuditExempt-NoAccountantsReport2022-08-312023-11-3004868475ns10:SmallCompaniesRegimeForDirectorsReport2022-08-312023-11-3004868475ns10:SmallCompaniesRegimeForAccounts2022-08-312023-11-3004868475ns10:FullAccounts2022-08-312023-11-3004868475ns10:RegisteredOffice2022-08-312023-11-3004868475ns10:Director22022-08-312023-11-3004868475ns10:Director32022-08-312023-11-3004868475ns5:CurrentFinancialInstruments2023-11-3004868475ns5:CurrentFinancialInstruments2022-08-3004868475ns5:Non-currentFinancialInstruments2023-11-3004868475ns5:Non-currentFinancialInstruments2022-08-3004868475ns5:ShareCapital2023-11-3004868475ns5:ShareCapital2022-08-3004868475ns5:RevaluationReserve2023-11-3004868475ns5:RevaluationReserve2022-08-3004868475ns5:RetainedEarningsAccumulatedLosses2023-11-3004868475ns5:RetainedEarningsAccumulatedLosses2022-08-3004868475ns5:OwnedOrFreeholdAssetsns5:LandBuildings2022-08-312023-11-3004868475ns5:PlantMachinery2022-08-312023-11-3004868475ns5:FurnitureFittings2022-08-312023-11-3004868475ns5:MotorVehicles2022-08-312023-11-3004868475ns5:ComputerEquipment2022-08-312023-11-3004868475ns5:OwnedAssets2022-08-312023-11-3004868475ns5:OwnedAssets2021-08-312022-08-3004868475ns5:LandBuildings2022-08-3004868475ns5:PlantMachinery2022-08-3004868475ns5:FurnitureFittings2022-08-3004868475ns5:LandBuildings2022-08-312023-11-3004868475ns5:LandBuildings2023-11-3004868475ns5:PlantMachinery2023-11-3004868475ns5:FurnitureFittings2023-11-3004868475ns5:LandBuildings2022-08-3004868475ns5:PlantMachinery2022-08-3004868475ns5:FurnitureFittings2022-08-3004868475ns5:MotorVehicles2022-08-3004868475ns5:ComputerEquipment2022-08-3004868475ns5:MotorVehicles2023-11-3004868475ns5:ComputerEquipment2023-11-3004868475ns5:MotorVehicles2022-08-3004868475ns5:ComputerEquipment2022-08-3004868475ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-11-3004868475ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-08-3004868475ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-11-3004868475ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-08-30
REGISTERED NUMBER: 04868475 (England and Wales)





BOSTON LGV TRAINING LIMITED

REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

31 AUGUST 2022 TO 30 NOVEMBER 2023






BOSTON LGV TRAINING LIMITED (REGISTERED NUMBER: 04868475)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 31 AUGUST 2022 TO 30 NOVEMBER 2023










Page

Company Information 1

Report of the Director 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


BOSTON LGV TRAINING LIMITED

COMPANY INFORMATION
FOR THE PERIOD 31 AUGUST 2022 TO 30 NOVEMBER 2023







DIRECTOR: Mr G H Allen





REGISTERED OFFICE: Marsh Lane
Boston
Lincolnshire
PE21 7SB





REGISTERED NUMBER: 04868475 (England and Wales)





ACCOUNTANTS: ApC
Chartered Accountants
7 St John Street
Mansfield
Nottinghamshire
NG18 1QH

BOSTON LGV TRAINING LIMITED (REGISTERED NUMBER: 04868475)

REPORT OF THE DIRECTOR
FOR THE PERIOD 31 AUGUST 2022 TO 30 NOVEMBER 2023


The director presents his report with the financial statements of the company for the period 31 August 2022 to 30 November 2023.

DIRECTORS
The directors who have held office during the period from 31 August 2022 to the date of this report are as follows:

Mr G H Allen - appointed 17 April 2023
Mr J W Morrison - resigned 17 April 2023
Mrs L Morrison - resigned 17 April 2023

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mr G H Allen - Director


31 August 2024

BOSTON LGV TRAINING LIMITED (REGISTERED NUMBER: 04868475)

INCOME STATEMENT
FOR THE PERIOD 31 AUGUST 2022 TO 30 NOVEMBER 2023

PERIOD
31/8/22
TO YEAR ENDED
30/11/23 30/8/22
Notes £    £   

TURNOVER 511,915 502,907

Cost of sales (154,740 ) (126,921 )
GROSS PROFIT 357,175 375,986

Administrative expenses (342,082 ) (148,247 )
15,093 227,739

Other operating income - 1,186
OPERATING PROFIT 5 15,093 228,925

Interest receivable and similar income 706 -
Interest payable and similar expenses (10,791 ) (990 )
PROFIT BEFORE TAXATION 5,008 227,935

Tax on profit (23,445 ) (42,143 )
(LOSS)/PROFIT FOR THE FINANCIAL
PERIOD

(18,437

)

185,792

BOSTON LGV TRAINING LIMITED (REGISTERED NUMBER: 04868475)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 6 710,959 301,633

CURRENT ASSETS
Stocks 7,033 -
Debtors 7 336,105 62,070
Cash at bank and in hand 32,388 246,046
375,526 308,116
CREDITORS
Amounts falling due within one year 8 199,602 161,162
NET CURRENT ASSETS 175,924 146,954
TOTAL ASSETS LESS CURRENT
LIABILITIES

886,883

448,587

CREDITORS
Amounts falling due after more than one
year

9

(200,147

)

(28,333

)

PROVISIONS FOR LIABILITIES (44,832 ) (21,387 )
NET ASSETS 641,904 398,867

BOSTON LGV TRAINING LIMITED (REGISTERED NUMBER: 04868475)

BALANCE SHEET - continued
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 10 285,931 -
Retained earnings 355,971 398,865
641,904 398,867

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

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

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

The financial statements were approved by the director and authorised for issue on 31 August 2024 and were signed by:





Mr G H Allen - Director


BOSTON LGV TRAINING LIMITED (REGISTERED NUMBER: 04868475)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 31 AUGUST 2022 TO 30 NOVEMBER 2023


1. STATUTORY INFORMATION

Boston LGV 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.

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


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents the value excluding Value Added Tax of goods and services provided to customers during the year. In respect of goods and services provided, all income is taken to profit and loss at the same point as the right to receive consideration has been acquired.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - in accordance with the property
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


BOSTON LGV TRAINING LIMITED (REGISTERED NUMBER: 04868475)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31 AUGUST 2022 TO 30 NOVEMBER 2023


3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period 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 period 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.

Financial instruments
Financial instruments and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2022 - 3 ) .

BOSTON LGV TRAINING LIMITED (REGISTERED NUMBER: 04868475)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31 AUGUST 2022 TO 30 NOVEMBER 2023


5. OPERATING PROFIT

The operating profit is stated after charging:

PERIOD
31/8/22
TO YEAR ENDED
30/11/23 30/8/22
£    £   
Depreciation - owned assets 107,271 30,894

6. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST OR VALUATION
At 31 August 2022 214,293 11,939 11,971
Additions - 240,000 -
Disposals - - -
Revaluations 260,707 - -
At 30 November 2023 475,000 251,939 11,971
DEPRECIATION
At 31 August 2022 25,224 4,994 5,114
Charge for period - 77,173 2,142
Eliminated on disposal - - -
Revaluation adjustments (25,224 ) - -
At 30 November 2023 - 82,167 7,256
NET BOOK VALUE
At 30 November 2023 475,000 169,772 4,715
At 30 August 2022 189,069 6,945 6,857

BOSTON LGV TRAINING LIMITED (REGISTERED NUMBER: 04868475)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31 AUGUST 2022 TO 30 NOVEMBER 2023


6. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST OR VALUATION
At 31 August 2022 166,354 3,631 408,188
Additions - - 240,000
Disposals (17,699 ) - (17,699 )
Revaluations - - 260,707
At 30 November 2023 148,655 3,631 891,196
DEPRECIATION
At 31 August 2022 68,301 2,922 106,555
Charge for period 27,726 230 107,271
Eliminated on disposal (8,365 ) - (8,365 )
Revaluation adjustments - - (25,224 )
At 30 November 2023 87,662 3,152 180,237
NET BOOK VALUE
At 30 November 2023 60,993 479 710,959
At 30 August 2022 98,053 709 301,633

Cost or valuation at 30 November 2023 is represented by:

Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
Valuation in 2023 260,707 - -
Cost 214,293 251,939 11,971
475,000 251,939 11,971

Motor Computer
vehicles equipment Totals
£    £    £   
Valuation in 2023 - - 260,707
Cost 148,655 3,631 630,489
148,655 3,631 891,196

BOSTON LGV TRAINING LIMITED (REGISTERED NUMBER: 04868475)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31 AUGUST 2022 TO 30 NOVEMBER 2023


6. TANGIBLE FIXED ASSETS - continued

If the freehold property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 214,293 214,293
Aggregate depreciation 25,224 25,224

Freehold property was valued on an open market basis on 30 November 2023 by the director .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 47,405 53,300
Amounts owed by participating interests 108,000 -
Other debtors 160,000 -
Prepayments and accrued income 20,700 8,770
336,105 62,070

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 23,424 -
Trade creditors 6,418 5,193
Amounts owed to group undertakings 113,591 -
Amounts owed to participating interests 6,000 -
Corporation tax - 41,750
Social security and other taxes - 6,735
VAT 6,574 14,644
Directors' current accounts - 80,898
Accruals and deferred income 33,595 1,942
199,602 161,162

BOSTON LGV TRAINING LIMITED (REGISTERED NUMBER: 04868475)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31 AUGUST 2022 TO 30 NOVEMBER 2023


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 16,667 28,333
Hire purchase contracts 183,480 -
200,147 28,333

10. RESERVES
Revaluation
reserve
£   
Movement in valuation 285,931

At 30 November 2023 285,931