Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falseNo description of principal activity4330truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09820295 2023-04-01 2024-03-31 09820295 2022-04-01 2023-03-31 09820295 2024-03-31 09820295 2023-03-31 09820295 c:Director2 2023-04-01 2024-03-31 09820295 d:PlantMachinery 2023-04-01 2024-03-31 09820295 d:PlantMachinery 2024-03-31 09820295 d:PlantMachinery 2023-03-31 09820295 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 09820295 d:ComputerEquipment 2023-04-01 2024-03-31 09820295 d:ComputerEquipment 2024-03-31 09820295 d:ComputerEquipment 2023-03-31 09820295 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 09820295 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 09820295 d:CurrentFinancialInstruments 2024-03-31 09820295 d:CurrentFinancialInstruments 2023-03-31 09820295 d:Non-currentFinancialInstruments 2024-03-31 09820295 d:Non-currentFinancialInstruments 2023-03-31 09820295 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 09820295 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 09820295 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 09820295 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 09820295 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 09820295 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 09820295 d:ShareCapital 2024-03-31 09820295 d:ShareCapital 2023-03-31 09820295 d:RetainedEarningsAccumulatedLosses 2024-03-31 09820295 d:RetainedEarningsAccumulatedLosses 2023-03-31 09820295 c:FRS102 2023-04-01 2024-03-31 09820295 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 09820295 c:FullAccounts 2023-04-01 2024-03-31 09820295 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09820295 2 2023-04-01 2024-03-31 09820295 6 2023-04-01 2024-03-31 09820295 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 09820295









HGV TRAINING SERVICES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
HGV TRAINING SERVICES LIMITED
REGISTERED NUMBER: 09820295

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
32,662
129,900

  
32,662
129,900

Current assets
  

Debtors: amounts falling due within one year
 6 
4,299,739
4,219,635

Cash at bank and in hand
 7 
1,967,926
94,091

  
6,267,665
4,313,726

Creditors: amounts falling due within one year
 8 
(4,920,260)
(3,374,618)

Net current assets
  
 
 
1,347,405
 
 
939,108

Total assets less current liabilities
  
1,380,067
1,069,008

Creditors: amounts falling due after more than one year
 9 
(105,390)
(161,070)

  

Net assets
  
1,274,677
907,938


Capital and reserves
  

Called up share capital 
  
1,111
1,111

Profit and loss account
  
1,273,566
906,827

  
1,274,677
907,938


Page 1

 
HGV TRAINING SERVICES LIMITED
REGISTERED NUMBER: 09820295
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




G M Benardout
Director

Date: 7 October 2024

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
HGV TRAINING SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

HGV Training Services Limited is a private company, limited by shares, incorporated in the United Kingdom and registered in England and Wales. The company's registered office address is Unit 5 Apollo Studios, Charlton Kings Road, London, England, NW5 2SB.
The financial statements are presented in Sterling, which is the functional currency of the company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
HGV TRAINING SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
Computer equipment
-
33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Page 4

 
HGV TRAINING SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 43 (2023 - 30).

Page 5

 
HGV TRAINING SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Plant and machinery
Computer equipment
Total

£
£
£



Cost or valuation


At 1 April 2023
217,550
23,552
241,102


Additions
14,000
6,750
20,750


Disposals
(193,050)
-
(193,050)



At 31 March 2024

38,500
30,302
68,802



Depreciation


At 1 April 2023
99,537
11,664
111,201


Charge for the year on owned assets
7,875
9,039
16,914


Disposals
(91,975)
-
(91,975)



At 31 March 2024

15,437
20,703
36,140



Net book value



At 31 March 2024
23,063
9,599
32,662



At 31 March 2023
118,013
11,887
129,900

Page 6

 
HGV TRAINING SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 April 2023
1,111



At 31 March 2024

1,111



Impairment


At 1 April 2023
1,111



At 31 March 2024

1,111



Net book value



At 31 March 2024
-



At 31 March 2023
-

Page 7

 
HGV TRAINING SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Debtors

2024
2023
£
£


Trade debtors
1,456,997
2,374,717

Amounts owed by group undertakings
2,409,547
1,515,786

Other debtors
38,796
225,635

Prepayments and accrued income
333,755
42,853

Tax recoverable
60,644
60,644

4,299,739
4,219,635



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
1,967,926
94,091

1,967,926
94,091



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other loans
66,562
58,933

Trade creditors
388,444
546,813

Corporation tax
250,184
107,432

Other taxation and social security
593,367
927,654

Other creditors
184,150
5,969

Accruals and deferred income
3,437,553
1,727,817

4,920,260
3,374,618


Page 8

 
HGV TRAINING SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other loans
105,390
161,070

105,390
161,070



10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Other loans
66,562
58,933


66,562
58,933

Amounts falling due 1-2 years

Other loans
105,390
161,070



171,952
220,003



11.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £82,471 (2023: £37,355). Contributions totalling £9,392 (2023: £5,967) were payable to the fund at the reporting date and are included in creditors.

 
Page 9