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REGISTERED NUMBER: 12870247 (England and Wales)










Financial Statements

for the Year Ended 31 October 2023

for

INTSOL TRAINING ACADEMY LTD

INTSOL TRAINING ACADEMY LTD (REGISTERED NUMBER: 12870247)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


INTSOL TRAINING ACADEMY LTD

Company Information
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: A S Kounnis
P D A Karras





REGISTERED OFFICE: 1 Kings Avenue
London
N21 3NA





REGISTERED NUMBER: 12870247 (England and Wales)





AUDITORS: AGK Partners
Chartered Accountants & Statutory Auditors
1 Kings Avenue
London
N21 3NA

INTSOL TRAINING ACADEMY LTD (REGISTERED NUMBER: 12870247)

Statement of Financial Position
31 OCTOBER 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 2,830 2,693
Cash at bank and in hand 24,896 2,056
27,726 4,749
CREDITORS
Amounts falling due within one year 5 14,140 3,446
NET CURRENT ASSETS 13,586 1,303
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,586

1,303

CAPITAL AND RESERVES
Called up share capital 111 111
Retained earnings 13,475 1,192
13,586 1,303

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 Board of Directors and authorised for issue on 29 October 2024 and were signed on its behalf by:





P D A Karras - Director


INTSOL TRAINING ACADEMY LTD (REGISTERED NUMBER: 12870247)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

Intsol Training Academy Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects only thatperiod. or in the period of the revision and future periods where the revision affects both current and futureperiods. There are no significant judgements or estimates involved in the preparation of the financial statements.

Revenue
Revenue is measured at the fair value of the consideration received or receivable and represents amounts receivable services rendered, stated net of discounts and of Value Added Tax.

Financial instruments
Basic financial assets and liabilities, which include debtors, creditors, cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

INTSOL TRAINING ACADEMY LTD (REGISTERED NUMBER: 12870247)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,571 -
Amounts owed by group undertakings - 1,521
Other debtors 1,259 1,172
2,830 2,693

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 479 1,266
Amounts owed to group undertakings 7,824 820
Taxation and social security 3,857 280
Other creditors 1,980 1,080
14,140 3,446

6. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Alekos Christofi (FCCA) (Senior Statutory Auditor)
for and on behalf of AGK Partners

7. RELATED PARTY DISCLOSURES

Included in creditors, amount falling due within one year, is an amount of £7,004 (2022: £1,521 receivable) due to group undertakings. This loan was interest free and repayable on demand.

Included in creditors, amount falling due within one year, is an amount of £820 (2022: £820) due to group undertakings. This loan was interest free and repayable on demand.

During the year the company provided services to a company with common shareholders amounting to £5,512 (2022: £15,040).


8. ULTIMATE CONTROLLING PARTY

The company's immediate parent is The Intsol Group Ltd, incorporated in England and Wales. The
ultimate controlling parties are the shareholder's of The Intsol Group Ltd by virtue of their holding in the parent company.

9. COMPARATIVES

The figures in the accounts are not comparable as the current period of these accounts consist of twelve months as compared to thirteen months in previous period.