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REGISTERED NUMBER: 11513708 (England and Wales)








Unaudited Financial Statements

For The Year Ended 31 December 2023

for

Greenlight Training Limited

Greenlight Training Limited (Registered number: 11513708)






Contents of the Financial Statements
For The Year Ended 31 December 2023




Page

Statement of Financial Position 1

Notes to the Financial Statements 2


Greenlight Training Limited (Registered number: 11513708)

Statement of Financial Position
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 188,865 136,560

CURRENT ASSETS
Debtors 5 580,116 505,964
Cash at bank 395,752 429,541
975,868 935,505
CREDITORS
Amounts falling due within one year 6 610,642 186,224
NET CURRENT ASSETS 365,226 749,281
TOTAL ASSETS LESS CURRENT
LIABILITIES

554,091

885,841

CREDITORS
Amounts falling due after more than one
year

7

-

(32,220

)

PROVISIONS FOR LIABILITIES (28,507 ) (18,685 )
NET ASSETS 525,584 834,936

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 525,484 834,836
525,584 834,936

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 September 2024 and were signed by:





D Symons - Director


Greenlight Training Limited (Registered number: 11513708)

Notes to the Financial Statements
For The Year Ended 31 December 2023

1. STATUTORY INFORMATION

Greenlight Training Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11513708

Registered office: Bergstrand House
Parkwood Close
Roborough
Plymouth
Devon
PL6 7SG

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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 20% on cost and 10% on cost
Plant and machinery etc - 25% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Greenlight Training Limited (Registered number: 11513708)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 43 (2022 - 31 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 28,838 148,444 177,282
Additions 120,055 31,099 151,154
Disposals (20,864 ) (81,389 ) (102,253 )
At 31 December 2023 128,029 98,154 226,183
DEPRECIATION
At 1 January 2023 3,744 36,978 40,722
Charge for year 3,896 14,927 18,823
Eliminated on disposal (3,059 ) (19,168 ) (22,227 )
At 31 December 2023 4,581 32,737 37,318
NET BOOK VALUE
At 31 December 2023 123,448 65,417 188,865
At 31 December 2022 25,094 111,466 136,560

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2023 47,324
Disposals (47,324 )
At 31 December 2023 -
DEPRECIATION
At 1 January 2023 11,831
Eliminated on disposal (11,831 )
At 31 December 2023 -
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 35,493

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 191,809 13,423
Amounts owed by group undertakings 52,429 148,476
Other debtors 335,878 344,065
580,116 505,964

Greenlight Training Limited (Registered number: 11513708)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts (see note 8) - 4,841
Trade creditors 112,422 50,441
Amounts owed to group undertakings 273,435 15,111
Taxation and social security 122,853 94,325
Other creditors 101,932 21,506
610,642 186,224

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts (see note 8) - 32,220

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.12.23 31.12.22
£    £   
Net obligations repayable:
Within one year - 4,841
Between one and five years - 32,220
- 37,061

Non-cancellable operating leases
31.12.23 31.12.22
£    £   
Within one year 161,300 95,626
Between one and five years 495,212 254,766
In more than five years 342,751 -
999,263 350,392

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Hire purchase contracts - 37,061

The company has a hire purchase agreement which is secured on the asset being financed.

Greenlight Training Limited (Registered number: 11513708)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2023

10. RELATED PARTY DISCLOSURES

During the year the company voted dividends to Greenlight Group Limited, the parent company. As at 31 December 2023 there was a balance owed to Greenlight Group Limited of £258,324 (2022 owed from Greenlight Group Ltd::£64,158) . This is included in amounts owed to group undertakings.

During the year the company paid costs and received income on behalf of Greenlight Safety Consultancy Limited, a fellow group company. As at 31 December 2023 a balance was owed from Greenlight Safety Consultancy Limited of £52,428 (2022: £84,318). This is included in amounts owed to group undertakings.

During the year the company received income on behalf of Greenlight Safety Assessment Scheme Limited, a fellow group company. As at 31 December 2023 a balance was owed to Greenlight Safety Assessment Scheme Limited of £15,111 (2022: £15,111). This is included in amounts owed to group undertakings.

The immediate parent company is Greenlight Group Limited, a company incorporated in the UK.

The ultimate parent company is Greenlight Group Holdings Limited, a company incorporated in the UK.