Company Registration No. 12033942 (England and Wales)
Staff Power Training Limited
Unaudited accounts
for the year ended 31 March 2024
Staff Power Training Limited
Unaudited accounts
Contents
Staff Power Training Limited
Company Information
for the year ended 31 March 2024
Directors
David Phillip Macmillan
Sean Lavender
Anthony John Hudson
Company Number
12033942 (England and Wales)
Registered Office
C/O Pearl Accounting Limited
Suite 1, 116 Ballards Lane
Finchley
London
N3 2DN
United Kingdom
Accountants
Pearl Accounting Limited
Suite 1
116 Ballards Lane
Finchley
London
N3 2DN
Staff Power Training Limited
Statement of financial position
as at 31 March 2024
Intangible assets
2,250
2,250
Tangible assets
14,116
13,781
Cash at bank and in hand
84,041
79,009
Creditors: amounts falling due within one year
(96,577)
(191,589)
Net current assets
326,466
342,633
Total assets less current liabilities
342,832
358,664
Creditors: amounts falling due after more than one year
(16,675)
(27,500)
Net assets
326,157
331,164
Called up share capital
3
3
Profit and loss account
326,154
331,161
Shareholders' funds
326,157
331,164
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 1 November 2024 and were signed on its behalf by
Anthony John Hudson
Director
Company Registration No. 12033942
Staff Power Training Limited
Notes to the Accounts
for the year ended 31 March 2024
Staff Power Training Limited is a private company, limited by shares, registered in England and Wales, registration number 12033942. The registered office is C/O Pearl Accounting Limited, Suite 1, 116 Ballards Lane, Finchley, London, N3 2DN, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% written down value
Computer equipment
25% written down value
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Staff Power Training Limited
Notes to the Accounts
for the year ended 31 March 2024
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Intangible fixed assets
Other
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2023
1,778
17,101
18,879
At 31 March 2024
1,778
21,059
22,837
At 1 April 2023
1,028
4,070
5,098
Charge for the year
187
3,436
3,623
At 31 March 2024
1,215
7,506
8,721
At 31 March 2024
563
13,553
14,116
At 31 March 2023
750
13,031
13,781
Amounts falling due within one year
Trade debtors
170,528
221,579
Amounts due from group undertakings etc.
61,821
1,310
Accrued income and prepayments
106,650
232,321
Staff Power Training Limited
Notes to the Accounts
for the year ended 31 March 2024
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,000
10,000
Amounts owed to group undertakings and other participating interests
-
7,223
Taxes and social security
75,650
122,460
Other creditors
521
11,743
Loans from directors
-
5,000
8
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
3 Ordinary shares of £1 each
3
3
10
Average number of employees
During the year the average number of employees was 18 (2023: 20).