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REGISTERED NUMBER: 04637186 (England and Wales)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

NIS TRAINING LIMITED

NIS TRAINING LIMITED (REGISTERED NUMBER: 04637186)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NIS TRAINING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: P Wallace





SECRETARY: Mrs S Wallace





REGISTERED OFFICE: Unit 2, Strand Business Centre
Locomotion Way
Camperdown Industrial Estate
Killingworth
Newcastale
NE12 5US





REGISTERED NUMBER: 04637186 (England and Wales)





ACCOUNTANTS: RMT Ribchesters
Accountants and Business Advisors
Finchale House
Belmont Business Park
Durham
DH1 1TW

NIS TRAINING LIMITED (REGISTERED NUMBER: 04637186)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 39,549 46,280

CURRENT ASSETS
Debtors 5 10,234 14,438
Cash at bank and in hand 31,002 41,941
41,236 56,379
CREDITORS
Amounts falling due within one year 6 42,998 21,365
NET CURRENT (LIABILITIES)/ASSETS (1,762 ) 35,014
TOTAL ASSETS LESS CURRENT
LIABILITIES

37,787

81,294

CREDITORS
Amounts falling due after more than one
year

7

(17,989

)

(27,823

)

PROVISIONS FOR LIABILITIES (8,075 ) (11,450 )
NET ASSETS 11,723 42,021

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 11,721 42,019
SHAREHOLDERS' FUNDS 11,723 42,021

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

NIS TRAINING LIMITED (REGISTERED NUMBER: 04637186)

BALANCE SHEET - continued
31 JANUARY 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 October 2024 and were signed by:





P Wallace - Director


NIS TRAINING LIMITED (REGISTERED NUMBER: 04637186)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

NIS 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.

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.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - straight line over 3 years

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

NIS TRAINING LIMITED (REGISTERED NUMBER: 04637186)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 144,948
Additions 12,637
Disposals (88,790 )
At 31 January 2024 68,795
DEPRECIATION
At 1 February 2023 98,668
Charge for year 12,277
Eliminated on disposal (81,699 )
At 31 January 2024 29,246
NET BOOK VALUE
At 31 January 2024 39,549
At 31 January 2023 46,280

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 8,940 10,777
Amounts recoverable on contract - 318
Other debtors 1,294 3,343
10,234 14,438

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,073 9,635
Trade creditors 1,808 60
Taxation and social security 8,728 8,218
Other creditors 22,389 3,452
42,998 21,365

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 17,989 27,823

NIS TRAINING LIMITED (REGISTERED NUMBER: 04637186)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

9. RELATED PARTY DISCLOSURES

The director (along with his spouse who acts as company secretary) maintained an interest free loan to the company during the year. The balance at 31 January 2024 was £18,028 (2023: £73).