REGISTERED NUMBER: |
BOSTON LGV TRAINING LIMITED |
REPORT OF THE DIRECTOR AND |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD |
31 AUGUST 2022 TO 30 NOVEMBER 2023 |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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: |
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: |
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 |
Cost of sales | ( |
) | ( |
) |
GROSS PROFIT |
Administrative expenses | ( |
) | ( |
) |
15,093 | 227,739 |
Other operating income |
OPERATING PROFIT | 5 |
Interest receivable and similar income |
Interest payable and similar expenses | ( |
) | ( |
) |
PROFIT BEFORE TAXATION |
Tax on profit | ( |
) | ( |
) |
(LOSS)/PROFIT FOR THE FINANCIAL PERIOD |
( |
) |
BOSTON LGV TRAINING LIMITED (REGISTERED NUMBER: 04868475) |
BALANCE SHEET |
30 NOVEMBER 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 6 |
CURRENT ASSETS |
Stocks |
Debtors | 7 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
9 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
BOSTON LGV TRAINING LIMITED (REGISTERED NUMBER: 04868475) |
BALANCE SHEET - continued |
30 NOVEMBER 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
CAPITAL AND RESERVES |
Called up share capital |
Revaluation reserve | 10 |
Retained earnings |
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 were approved by the director and authorised for issue on |
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 |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Freehold property | - |
Plant and machinery | - |
Fixtures and fittings | - |
Motor vehicles | - |
Computer equipment | - |
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 |
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 |
6. | TANGIBLE FIXED ASSETS |
Fixtures |
Freehold | Plant and | and |
property | machinery | fittings |
£ | £ | £ |
COST OR VALUATION |
At 31 August 2022 |
Additions |
Disposals |
Revaluations |
At 30 November 2023 |
DEPRECIATION |
At 31 August 2022 |
Charge for period |
Eliminated on disposal |
Revaluation adjustments | ( |
) |
At 30 November 2023 |
NET BOOK VALUE |
At 30 November 2023 |
At 30 August 2022 |
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 |
Additions |
Disposals | ( |
) | ( |
) |
Revaluations |
At 30 November 2023 |
DEPRECIATION |
At 31 August 2022 |
Charge for period |
Eliminated on disposal | ( |
) | ( |
) |
Revaluation adjustments | ( |
) |
At 30 November 2023 |
NET BOOK VALUE |
At 30 November 2023 |
At 30 August 2022 |
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 |
Amounts owed by participating interests | 108,000 | - |
Other debtors |
Prepayments and accrued income |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Bank loans and overdrafts |
Hire purchase contracts |
Trade creditors |
Amounts owed to group undertakings |
Amounts owed to participating interests | 6,000 | - |
Corporation tax |
Social security and other taxes |
VAT | 6,574 | 14,644 |
Directors' current accounts | - | 80,898 |
Accruals and deferred income |
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 |
Hire purchase contracts |
10. | RESERVES |
Revaluation |
reserve |
£ |
Movement in valuation | 285,931 |
At 30 November 2023 |