2023-01-012023-12-312023-12-31false03684918NUCO TRAINING LIMITED2024-08-2074909iso4217:GBPxbrli:pure036849182023-01-01036849182023-12-31036849182023-01-012023-12-31036849182022-01-01036849182022-12-31036849182022-01-012022-12-3103684918bus:SmallEntities2023-01-012023-12-3103684918bus:AuditExempt-NoAccountantsReport2023-01-012023-12-3103684918bus:FullAccounts2023-01-012023-12-3103684918bus:PrivateLimitedCompanyLtd2023-01-012023-12-3103684918core:WithinOneYear2023-12-3103684918core:AfterOneYear2023-12-3103684918core:WithinOneYear2022-12-3103684918core:AfterOneYear2022-12-3103684918core:ShareCapital2023-12-3103684918core:SharePremium2023-12-3103684918core:RevaluationReserve2023-12-3103684918core:OtherReservesSubtotal2023-12-3103684918core:RetainedEarningsAccumulatedLosses2023-12-3103684918core:ShareCapital2022-12-3103684918core:SharePremium2022-12-3103684918core:RevaluationReserve2022-12-3103684918core:OtherReservesSubtotal2022-12-3103684918core:RetainedEarningsAccumulatedLosses2022-12-3103684918core:LandBuildings2023-12-3103684918core:PlantMachinery2023-12-3103684918core:Vehicles2023-12-3103684918core:FurnitureFittings2023-12-3103684918core:OfficeEquipment2023-12-3103684918core:NetGoodwill2023-12-3103684918core:IntangibleAssetsOtherThanGoodwill2023-12-3103684918core:ListedExchangeTraded2023-12-3103684918core:UnlistedNon-exchangeTraded2023-12-3103684918core:LandBuildings2022-12-3103684918core:PlantMachinery2022-12-3103684918core:Vehicles2022-12-3103684918core:FurnitureFittings2022-12-3103684918core:OfficeEquipment2022-12-3103684918core:NetGoodwill2022-12-3103684918core:IntangibleAssetsOtherThanGoodwill2022-12-3103684918core:ListedExchangeTraded2022-12-3103684918core:UnlistedNon-exchangeTraded2022-12-3103684918core:LandBuildings2023-01-012023-12-3103684918core:PlantMachinery2023-01-012023-12-3103684918core:Vehicles2023-01-012023-12-3103684918core:FurnitureFittings2023-01-012023-12-3103684918core:OfficeEquipment2023-01-012023-12-3103684918core:NetGoodwill2023-01-012023-12-3103684918core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3103684918core:ListedExchangeTraded2023-01-012023-12-3103684918core:UnlistedNon-exchangeTraded2023-01-012023-12-3103684918core:MoreThanFiveYears2023-01-012023-12-3103684918core:Non-currentFinancialInstruments2023-12-3103684918core:Non-currentFinancialInstruments2022-12-3103684918dpl:CostSales2023-01-012023-12-3103684918dpl:DistributionCosts2023-01-012023-12-3103684918core:LandBuildings2023-01-012023-12-3103684918core:PlantMachinery2023-01-012023-12-3103684918core:Vehicles2023-01-012023-12-3103684918core:FurnitureFittings2023-01-012023-12-3103684918core:OfficeEquipment2023-01-012023-12-3103684918dpl:AdministrativeExpenses2023-01-012023-12-3103684918core:NetGoodwill2023-01-012023-12-3103684918core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3103684918dpl:GroupUndertakings2023-01-012023-12-3103684918dpl:ParticipatingInterests2023-01-012023-12-3103684918dpl:GroupUndertakingscore:ListedExchangeTraded2023-01-012023-12-3103684918core:ListedExchangeTraded2023-01-012023-12-3103684918dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-01-012023-12-3103684918core:UnlistedNon-exchangeTraded2023-01-012023-12-3103684918dpl:CostSales2022-01-012022-12-3103684918dpl:DistributionCosts2022-01-012022-12-3103684918core:LandBuildings2022-01-012022-12-3103684918core:PlantMachinery2022-01-012022-12-3103684918core:Vehicles2022-01-012022-12-3103684918core:FurnitureFittings2022-01-012022-12-3103684918core:OfficeEquipment2022-01-012022-12-3103684918dpl:AdministrativeExpenses2022-01-012022-12-3103684918core:NetGoodwill2022-01-012022-12-3103684918core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3103684918dpl:GroupUndertakings2022-01-012022-12-3103684918dpl:ParticipatingInterests2022-01-012022-12-3103684918dpl:GroupUndertakingscore:ListedExchangeTraded2022-01-012022-12-3103684918core:ListedExchangeTraded2022-01-012022-12-3103684918dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-01-012022-12-3103684918core:UnlistedNon-exchangeTraded2022-01-012022-12-3103684918core:NetGoodwill2023-12-3103684918core:IntangibleAssetsOtherThanGoodwill2023-12-3103684918core:LandBuildings2023-12-3103684918core:PlantMachinery2023-12-3103684918core:Vehicles2023-12-3103684918core:FurnitureFittings2023-12-3103684918core:OfficeEquipment2023-12-3103684918core:AfterOneYear2023-12-3103684918core:WithinOneYear2023-12-3103684918core:ListedExchangeTraded2023-12-3103684918core:UnlistedNon-exchangeTraded2023-12-3103684918core:ShareCapital2023-12-3103684918core:SharePremium2023-12-3103684918core:RevaluationReserve2023-12-3103684918core:OtherReservesSubtotal2023-12-3103684918core:RetainedEarningsAccumulatedLosses2023-12-3103684918core:NetGoodwill2022-12-3103684918core:IntangibleAssetsOtherThanGoodwill2022-12-3103684918core:LandBuildings2022-12-3103684918core:PlantMachinery2022-12-3103684918core:Vehicles2022-12-3103684918core:FurnitureFittings2022-12-3103684918core:OfficeEquipment2022-12-3103684918core:AfterOneYear2022-12-3103684918core:WithinOneYear2022-12-3103684918core:ListedExchangeTraded2022-12-3103684918core:UnlistedNon-exchangeTraded2022-12-3103684918core:ShareCapital2022-12-3103684918core:SharePremium2022-12-3103684918core:RevaluationReserve2022-12-3103684918core:OtherReservesSubtotal2022-12-3103684918core:RetainedEarningsAccumulatedLosses2022-12-3103684918core:NetGoodwill2022-01-0103684918core:IntangibleAssetsOtherThanGoodwill2022-01-0103684918core:LandBuildings2022-01-0103684918core:PlantMachinery2022-01-0103684918core:Vehicles2022-01-0103684918core:FurnitureFittings2022-01-0103684918core:OfficeEquipment2022-01-0103684918core:AfterOneYear2022-01-0103684918core:WithinOneYear2022-01-0103684918core:ListedExchangeTraded2022-01-0103684918core:UnlistedNon-exchangeTraded2022-01-0103684918core:ShareCapital2022-01-0103684918core:SharePremium2022-01-0103684918core:RevaluationReserve2022-01-0103684918core:OtherReservesSubtotal2022-01-0103684918core:RetainedEarningsAccumulatedLosses2022-01-0103684918core:AfterOneYear2023-01-012023-12-3103684918core:WithinOneYear2023-01-012023-12-3103684918core:Non-currentFinancialInstrumentscore:CostValuation2023-01-012023-12-3103684918core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-01-012023-12-3103684918core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-01-012023-12-3103684918core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-01-012023-12-3103684918core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-01-012023-12-3103684918core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-01-012023-12-3103684918core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-01-012023-12-3103684918core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-01-012023-12-3103684918core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-01-012023-12-3103684918core:Non-currentFinancialInstrumentscore:CostValuation2023-12-3103684918core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-12-3103684918core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-12-3103684918core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-12-3103684918core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-12-3103684918core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-12-3103684918core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-12-3103684918core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-12-3103684918core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-12-3103684918core:Non-currentFinancialInstrumentscore:CostValuation2022-12-3103684918core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-12-3103684918core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-12-3103684918core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-12-3103684918core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-12-3103684918core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-12-3103684918core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-12-3103684918core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-12-3103684918core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-12-3103684918bus:Director12023-01-012023-12-3103684918core:FurnitureFittingsToolsEquipment2022-12-3103684918core:FurnitureFittingsToolsEquipment2023-01-012023-12-3103684918core:FurnitureFittingsToolsEquipment2023-12-31

NUCO TRAINING LIMITED

Registered Number
03684918
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

NUCO TRAINING LIMITED
Company Information
for the year from 1 January 2023 to 31 December 2023

Director

BEST, Stephen Murray

Company Secretary

WOOD, Jonathan Ian

Registered Address

St Denys House
22 East Hill
St Austell
PL25 4TR

Registered Number

03684918 (England and Wales)
NUCO TRAINING LIMITED
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets4337,595343,551
Investments5100100
337,695343,651
Current assets
Stocks6116,075105,077
Debtors1,225,5951,224,008
Cash at bank and on hand3,665,7651,443,636
5,007,4352,772,721
Creditors amounts falling due within one year8(2,908,122)(1,424,294)
Net current assets (liabilities)2,099,3131,348,427
Total assets less current liabilities2,437,0081,692,078
Provisions for liabilities9(3,071)(6,614)
Net assets2,433,9371,685,464
Capital and reserves
Called up share capital1,0001,000
Profit and loss account2,432,9371,684,464
Shareholders' funds2,433,9371,685,464
The financial statements were approved and authorised for issue by the Director on 20 August 2024, and are signed on its behalf by:
BEST, Stephen Murray
Director
Registered Company No. 03684918
NUCO TRAINING LIMITED
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
Nuco 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.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Current 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 the 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 the directors consider that it is more likely than not there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.
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. Patents & trademarks are being amortised evenly over their estimated useful life of five years. Website costs are being amortised evenly over their estimated useful life of four years. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent impairment losses. Intangible assets required as part of a business combination are recorded at fair value at the acquisition date.
Tangible fixed assets and depreciation
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any intangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Reducing balance (%)
Plant and machinery25
Fixtures and fittings25
Vehicles25
Office Equipment25
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks and work in progress
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidence a residual interest in the assets of the company after deducting all of its liabilities.
2.Average number of employees

20232022
Average number of employees during the year2424
3.Intangible assets

Goodwill

Other

Total

£££
Cost or valuation
At 01 January 2350,00034,87184,871
At 31 December 2350,00034,87184,871
Amortisation and impairment
At 01 January 2350,00034,87184,871
At 31 December 2350,00034,87184,871
Net book value
At 31 December 23---
At 31 December 22---
4.Tangible fixed assets

Land & buildings

Plant & machinery

Fixtures & fittings

Office Equipment

Total

£££££
Cost or valuation
At 01 January 23320,48123,2829,36978,007431,139
Additions--1,0932,4613,554
At 31 December 23320,48123,28210,46280,468434,693
Depreciation and impairment
At 01 January 23-19,7336,44061,41587,588
Charge for year-8879317,6929,510
At 31 December 23-20,6207,37169,10797,098
Net book value
At 31 December 23320,4812,6623,09111,361337,595
At 31 December 22320,4813,5492,92916,592343,551
5.Fixed asset investments

Investments in groups1

Total

££
Cost or valuation
At 01 January 23100100
At 31 December 23100100
Net book value
At 31 December 23100100
At 31 December 22100100

Notes

1Investments in group undertakings and participating interests
6.Stocks

2023

2022

££
Other stocks116,075105,077
Total116,075105,077
7.Current asset investments
8.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables44,82751,387
Taxation and social security586,526397,138
Other creditors2,034,217736,748
Accrued liabilities and deferred income242,552239,021
Total2,908,1221,424,294
9.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)3,0716,614
Total3,0716,614
10.Directors advances, credits and guarantees
Included in other debtors is an amount due to the company from the director of £76,694 (2022: £120,263). This balance is interest bearing and was repaid within 9 months of the accounting period.
11.Related party transactions
During the year the company paid a management charge of £Nil (2022: Nil) to InstructUK limited, which Mr S Best is also a director of. The amount owing to InstructUK at the year end was £571 (2022: £571). This loan is repayable on demand. During the year the company paid a management charge of £100,049 (2022: £100,049) to First Aid Awards Limited, which Mr S Best is also a director of. The amount owing to First Aid Awards Limited at the year end was £2,034,088 (2022: £735,283). This loan is repayable on demand. Included in other debtors is an amount due from Nuco Properties Limited of £907,153 (2022: £898,210).