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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
Page
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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
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Staff Power Training Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
2,250 
2,250 
Tangible assets
14,116 
13,781 
16,366 
16,031 
Current assets
Debtors
339,002 
455,213 
Cash at bank and in hand
84,041 
79,009 
423,043 
534,222 
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 
Capital and reserves
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
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Staff Power Training Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Deferred taxation
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.
Pension costs
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.
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Staff Power Training Limited Notes to the Accounts for the year ended 31 March 2024
Financial instruments
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 
£ 
Cost
At 1 April 2023
2,250 
At 31 March 2024
2,250 
Amortisation
At 1 April 2023
- 
At 31 March 2024
- 
Net book value
At 31 March 2024
2,250 
At 31 March 2023
2,250 
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 
Additions
- 
3,958 
3,958 
At 31 March 2024
1,778 
21,059 
22,837 
Depreciation
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 
Net book value
At 31 March 2024
563 
13,553 
14,116 
At 31 March 2023
750 
13,031 
13,781 
6
Debtors
2024 
2023 
£ 
£ 
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 
Other debtors
3 
3 
339,002 
455,213 
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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 
Trade creditors
- 
23,473 
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 
Accruals
10,406 
11,690 
96,577 
191,589 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
16,675 
27,500 
9
Share capital
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).
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