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REGISTERED NUMBER: 02744972 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Mainport Training (Wales) Limited

Mainport Training (Wales) Limited (Registered number: 02744972)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mainport Training (Wales) Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: P G Hancock
E B C Hancock





SECRETARY: P G Hancock





REGISTERED OFFICE: The Training Park
CWMGWILI
Nr. Llanelli
SA14 6PP





REGISTERED NUMBER: 02744972 (England and Wales)





ACCOUNTANTS: Ashmole & Co
Manchester House
Grosvenor Hill
Cardigan
Ceredigion
SA43 1HY

Mainport Training (Wales) Limited (Registered number: 02744972)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 344,383 352,780

CURRENT ASSETS
Debtors 5 601,404 520,052
Cash at bank and in hand 25,605 102,350
627,009 622,402
CREDITORS
Amounts falling due within one year 6 241,631 216,401
NET CURRENT ASSETS 385,378 406,001
TOTAL ASSETS LESS CURRENT
LIABILITIES

729,761

758,781

CREDITORS
Amounts falling due after more than one
year

7

(200,000

)

(200,000

)

PROVISIONS FOR LIABILITIES (27,077 ) (33,195 )
NET ASSETS 502,684 525,586

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 502,680 525,582
502,684 525,586

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Mainport Training (Wales) Limited (Registered number: 02744972)

Balance Sheet - continued
30 April 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 October 2024 and were signed on its behalf by:





E B C Hancock - Director


Mainport Training (Wales) Limited (Registered number: 02744972)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Mainport Training (Wales) 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.
Land and buildings - not provided
Plant and machinery etc - 15% on reducing balance

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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

Mainport Training (Wales) Limited (Registered number: 02744972)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2023 220,000 502,301 722,301
Additions - 28,135 28,135
Disposals - (263,186 ) (263,186 )
At 30 April 2024 220,000 267,250 487,250
DEPRECIATION
At 1 May 2023 - 369,521 369,521
Charge for year - 24,360 24,360
Eliminated on disposal - (251,014 ) (251,014 )
At 30 April 2024 - 142,867 142,867
NET BOOK VALUE
At 30 April 2024 220,000 124,383 344,383
At 30 April 2023 220,000 132,780 352,780

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 285,220 230,210
Amounts owed by group undertakings 303,264 281,687
Other debtors 12,920 8,155
601,404 520,052

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts 15,709 21,422
Trade creditors 87,967 60,410
Amounts owed to associates 110,645 120,895
Taxation and social security 26,110 4,880
Other creditors 1,200 8,794
241,631 216,401

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Other creditors 200,000 200,000