Director
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18/09/2024
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Director
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for and on behalf of
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2023 | 2022 | |||
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Notes | £ | £ | ||
TURNOVER | 3 |
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Cost of sales |
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GROSS PROFIT |
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Administrative expenses |
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Other operating income |
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OPERATING PROFIT | 5 |
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Exceptional items | 144,789 | (150,110) | ||
Profit/(loss) on disposal of fixed assets |
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Other interest receivable and similar income | 10 |
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Interest payable and similar charges | 11 |
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PROFIT BEFORE TAXATION |
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Tax on Profit |
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PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR |
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2023 | 2022 | ||||
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Tangible Assets | 12 |
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CURRENT ASSETS | |||||
Debtors | 13 |
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Investments | 14 |
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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year | 15 |
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NET CURRENT ASSETS (LIABILITIES) |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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Creditors: Amounts Falling Due After More Than One Year | 16 |
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PROVISIONS FOR LIABILITIES | |||||
Provisions For Charges | 19 |
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Deferred Taxation | 18 |
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NET ASSETS |
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CAPITAL AND RESERVES | |||||
Called up share capital | 20 |
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Profit and Loss Account |
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SHAREHOLDERS' FUNDS | 4,404,967 | 2,522,759 | |||
Director
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Share Capital | Profit and Loss Account | Total | |
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£ | £ | £ | |
As at 1 January 2022 |
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1,729,399 |
Profit for the year and total comprehensive income | - |
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1,294,461 |
Dividends paid | - | (501,101) | (501,101) |
As at 31 December 2022 and 1 January 2023 |
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2,522,759 |
Profit for the year and total comprehensive income | - |
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2,283,728 |
Dividends paid | - | (401,520) | (401,520) |
As at 31 December 2023 |
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4,404,967 |
2023 | 2022 | |||
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Notes | £ | £ | ||
Cash flows from operating activities | ||||
Net cash generated from operations | 1 |
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Interest paid |
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Tax paid |
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Net cash generated from operating activities |
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Cash flows from investing activities | ||||
Purchase of tangible assets |
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Proceeds from disposal of tangible assets |
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Proceeds from disposal of current asset investments |
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Interest received |
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Net cash generated from/(used in) investing activities |
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Cash flows from financing activities | ||||
Equity dividends paid |
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Repayment of bank borrowings |
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Repayment of finance leases |
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Amount introduced by directors | 506,242 | 12,966 | ||
Amount withdrawn by directors | (572,623) | (535,976) | ||
Net cash used in financing activities |
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Increase/(decrease) in cash and cash equivalents |
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Cash and cash equivalents at beginning of year | 2 |
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Cash and cash equivalents at end of year | 2 |
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2023 | 2022 | ||
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£ | £ | ||
Profit for the financial year |
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Adjustments for: | |||
Tax on profit |
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Interest expense |
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Interest income |
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Depreciation of tangible assets |
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(Profit)/loss on disposal of tangible assets | (672) | 5,980 | |
Movements in working capital: | |||
Increase in trade and other debtors |
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Increase in trade and other creditors |
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Net cash generated from operations |
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2023 | 2022 | ||
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£ | £ | ||
Cash at bank and in hand |
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As at 1 January 2023 | Cash flows | As at 31 December 2023 | |
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£ | £ | £ | |
Cash at bank and in hand |
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1,269,193 |
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Finance leases | (29,151) | 15,492 | (13,659) |
Debts falling due within one year |
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38,608 |
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Debts falling due after more than one year | (128,759) | 128,759 | - |
3,674,663 | 1,452,052 | 5,126,715 | |
Leasehold |
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Plant & Machinery |
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Motor Vehicles |
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Fixtures & Fittings |
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2023 | 2022 | ||
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£ | £ | ||
Training fees and ancillary services | 12,023,240 | 8,531,310 | |
2023 | 2022 | ||
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£ | £ | ||
Commission income | - |
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- | 684 | ||
2023 | 2022 | ||
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£ | £ | ||
Bad debts | 276,600 | 75,014 | |
Reorganisation expenditure |
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Depreciation of tangible fixed assets |
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2023 | 2022 | ||
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£ | £ | ||
Audit Services | |||
Audit of the company's financial statements |
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2023 | 2022 | ||
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£ | £ | ||
Wages and salaries |
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Social security costs |
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Other pension costs |
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2023 | 2022 | ||
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£ | £ | ||
Emoluments |
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2023 | 2022 | ||
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£ | £ | ||
Interest receivable on loans to participators | 9,889 | 6,281 | |
2023 | 2022 | ||
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£ | £ | ||
Bank loans and overdrafts |
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Finance charges payable under finance leases and hire purchase contracts | 2,018 | 1,690 | |
Other finance charges |
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11,327 | 22,054 | ||
Land & Property | |||||
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Leasehold | Plant & Machinery | Motor Vehicles | Fixtures & Fittings | Total | |
£ | £ | £ | £ | £ | |
Cost | |||||
As at 1 January 2023 |
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Additions |
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Disposals |
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As at 31 December 2023 |
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Depreciation | |||||
As at 1 January 2023 |
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Provided during the period |
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Disposals |
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( |
As at 31 December 2023 |
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Net Book Value | |||||
As at 31 December 2023 |
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As at 1 January 2023 |
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2023 | 2022 | ||
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£ | £ | ||
Due within one year | |||
Trade debtors | - |
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Prepayments and accrued income |
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Other debtors |
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Corporation tax recoverable assets |
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Directors' loan accounts |
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2023 | 2022 | ||
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£ | £ | ||
Shares in subsidiaries | - |
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2023 | 2022 | ||
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£ | £ | ||
Net obligations under finance lease and hire purchase contracts |
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Trade creditors |
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Bank loans and overdrafts | - |
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Amounts owed to group undertakings | - |
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Other creditors | 211,718 | 44,421 | |
Corporation tax |
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Taxation and social security | 542,559 | 744,479 | |
Accruals and deferred income |
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2023 | 2022 | ||
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£ | £ | ||
Net obligations under finance lease and hire purchase contracts | - |
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Bank loans | - |
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- |
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2023 | 2022 | ||
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£ | £ | ||
The future minimum finance lease payments are as follows: | |||
Not later than one year |
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Later than one year and not later than five years | - |
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2023 | 2022 | ||
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£ | £ | ||
Other timing differences | 2,628 | 3,654 | |
Deferred Tax | Other Provisions | Total | |
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£ | £ | £ | |
As at 1 January 2023 |
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84,654 |
Additions |
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6,000 |
Utilised |
( |
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(1,026) |
Balance at 31 December 2023 |
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89,628 |
As at 1 January 2023 | Amounts advanced | Amounts repaid | Amounts written off | As at 31 December 2023 | |
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£ | £ | £ | £ | £ | |
Mr Mark Underdown |
( |
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- |
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Mr Ian Bennett |
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- |
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2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
On equity shares: | |||
Final dividend paid |
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