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REGISTERED NUMBER: 08783901 (England and Wales)





CHEVRON TRAINING LTD

REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023






CHEVRON TRAINING LTD (REGISTERED NUMBER: 08783901)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023










Page

Company Information 1

Report of the Director 2

Chartered Accountants' Report 3

Income Statement 4

Balance Sheet 5

Notes to the Financial Statements 7


CHEVRON TRAINING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: Mr G H Allen





REGISTERED OFFICE: Unit 29
Manor Industrial Estate
Flint
Flintshire
CH6 5UY





REGISTERED NUMBER: 08783901 (England and Wales)





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

CHEVRON TRAINING LTD (REGISTERED NUMBER: 08783901)

REPORT OF THE DIRECTOR
FOR THE YEAR ENDED 30 NOVEMBER 2023


The director presents his report with the financial statements of the company for the year ended 30 November 2023.

DIRECTOR
Mr G H Allen held office during the whole of the period from 1 December 2022 to the date of this report.

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


30 August 2024

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
CHEVRON TRAINING LTD



In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Chevron Training Ltd for the year ended 30 November 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Chevron Training Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Chevron Training Ltd and state those matters that we have agreed to state to the director of Chevron Training Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Chevron Training Ltd and its director for our work or for this report.

It is your duty to ensure that Chevron Training Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Chevron Training Ltd. You consider that Chevron Training Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Chevron Training Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






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


30 August 2024

CHEVRON TRAINING LTD (REGISTERED NUMBER: 08783901)

INCOME STATEMENT
FOR THE YEAR ENDED 30 NOVEMBER 2023

2023 2022
Notes £    £   

TURNOVER 484,283 778,095

Cost of sales (87,675 ) (202,216 )
GROSS PROFIT 396,608 575,879

Administrative expenses (383,450 ) (561,920 )
OPERATING PROFIT 5 13,158 13,959

Interest receivable and similar income - 19
Interest payable and similar expenses (11,847 ) (3,948 )
PROFIT BEFORE TAXATION 1,311 10,030

Tax on profit 1,431 (203 )
PROFIT FOR THE FINANCIAL YEAR 2,742 9,827

CHEVRON TRAINING LTD (REGISTERED NUMBER: 08783901)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 6 21,202 23,237
Tangible assets 7 8,292 14,016
29,494 37,253

CURRENT ASSETS
Stocks 9,750 2,500
Debtors 8 251,408 253,472
Cash at bank and in hand 4,402 4,197
265,560 260,169
CREDITORS
Amounts falling due within one year 9 258,505 263,854
NET CURRENT ASSETS/(LIABILITIES) 7,055 (3,685 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

36,549

33,568

CREDITORS
Amounts falling due after more than one
year

10

(28,490

)

(26,820

)

PROVISIONS FOR LIABILITIES (2,073 ) (3,504 )
NET ASSETS 5,986 3,244

CHEVRON TRAINING LTD (REGISTERED NUMBER: 08783901)

BALANCE SHEET - continued
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 5,886 3,144
5,986 3,244

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 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 30 August 2024 and were signed by:





Mr G H Allen - Director


CHEVRON TRAINING LTD (REGISTERED NUMBER: 08783901)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023


1. STATUTORY INFORMATION

Chevron Training Ltd 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% straight line

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


CHEVRON TRAINING LTD (REGISTERED NUMBER: 08783901)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


3. ACCOUNTING POLICIES - continued
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.

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.

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 year was 8 (2022 - 10 ) .

CHEVRON TRAINING LTD (REGISTERED NUMBER: 08783901)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


5. OPERATING PROFIT

The operating profit is stated after charging:

2023 2022
£    £   
Depreciation - owned assets 4,703 4,578
Goodwill amortisation 2,035 2,035

6. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 40,697
AMORTISATION
At 1 December 2022 17,460
Amortisation for year 2,035
At 30 November 2023 19,495
NET BOOK VALUE
At 30 November 2023 21,202
At 30 November 2022 23,237

CHEVRON TRAINING LTD (REGISTERED NUMBER: 08783901)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


7. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2022 13,785 10,893 33,482 8,601 66,761
Additions - - - 350 350
Disposals - - (3,250 ) - (3,250 )
At 30 November 2023 13,785 10,893 30,232 8,951 63,861
DEPRECIATION
At 1 December 2022 12,382 6,974 27,892 5,497 52,745
Charge for year 351 592 1,055 2,705 4,703
Eliminated on disposal - - (1,879 ) - (1,879 )
At 30 November 2023 12,733 7,566 27,068 8,202 55,569
NET BOOK VALUE
At 30 November 2023 1,052 3,327 3,164 749 8,292
At 30 November 2022 1,403 3,919 5,590 3,104 14,016

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 19,465 78,612
Amounts owed by group undertakings 80,864 158,300
Amounts owed by participating interests 106,695 -
Prepayments and accrued income 44,384 16,560
251,408 253,472

CHEVRON TRAINING LTD (REGISTERED NUMBER: 08783901)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,180 10,000
Other loans 16,939 14,551
Trade creditors 18,170 12,889
Amounts owed to group undertakings 53,669 189,839
Amounts owed to participating interests 132,190 -
Corporation tax 1,495 8,994
Social security and other taxes 5,637 5,615
Pension 703 949
VAT 20,421 18,517
Accruals and deferred income 4,101 2,500
258,505 263,854

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 28,490 26,820