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REGISTERED NUMBER: 07677028 (England and Wales)













Financial Statements

for the Year Ended 31 March 2024

for

3B TRAINING LIMITED

3B TRAINING LIMITED (REGISTERED NUMBER: 07677028)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


3B TRAINING LIMITED

Company Information
FOR THE YEAR ENDED 31 MARCH 2024







Directors: M R Bewley
J Brooks
D E S Brooks





Secretary: J Brooks





Registered office: Stratus House Swan Lane
Hindley Green
Wigan
WN2 4EY





Registered number: 07677028 (England and Wales)





Auditors: NRB
1st Floor Waterside House
Waterside Drive
Wigan
Lancashire
WN3 5AZ

3B TRAINING LIMITED (REGISTERED NUMBER: 07677028)

Balance Sheet
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 14,589 10,785
Tangible assets 5 392,890 225,263
Investments 6 150,000 250,000
557,479 486,048

CURRENT ASSETS
Stocks 42,572 61,225
Debtors 7 1,234,109 909,829
Cash at bank 623,290 482,927
1,899,971 1,453,981
CREDITORS
Amounts falling due within one year 8 1,765,972 1,396,599
NET CURRENT ASSETS 133,999 57,382
TOTAL ASSETS LESS CURRENT
LIABILITIES

691,478

543,430

CREDITORS
Amounts falling due after more than one year 9 (575,927 ) (320,285 )

PROVISIONS FOR LIABILITIES 12 (66,304 ) (56,316 )
NET ASSETS 49,247 166,829

CAPITAL AND RESERVES
Called up share capital 13 150 150
Retained earnings 49,097 166,679
SHAREHOLDERS' FUNDS 49,247 166,829

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 Board of Directors and authorised for issue on 21 November 2024 and were signed on its behalf by:





D E S Brooks - Director


3B TRAINING LIMITED (REGISTERED NUMBER: 07677028)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

3B 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.

Preparation of consolidated financial statements
The financial statements contain information about 3B Training Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover relates to course fees received from customers to allow delegates to be able to attend training courses. These fees are recognised once the course has started, except for NVQ courses which recognises 50% at the start of the course and the remaining 50% once the delegate has completed the course.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Straight line over the life of the lease
Fixtures and fittings - 33.3% on cost
Motor vehicles - 30% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any impairments.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 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.


3B TRAINING LIMITED (REGISTERED NUMBER: 07677028)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 69 (2023 - 61 ) .

4. INTANGIBLE FIXED ASSETS
Development
costs
£   
COST
At 1 April 2023 16,178
Additions 6,343
At 31 March 2024 22,521
AMORTISATION
At 1 April 2023 5,393
Amortisation for year 2,539
At 31 March 2024 7,932
NET BOOK VALUE
At 31 March 2024 14,589
At 31 March 2023 10,785

3B TRAINING LIMITED (REGISTERED NUMBER: 07677028)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2023 27,854 163,634 185,854 377,342
Additions 191,139 114,825 11,565 317,529
Disposals - (30,863 ) - (30,863 )
At 31 March 2024 218,993 247,596 197,419 664,008
DEPRECIATION
At 1 April 2023 17,719 86,505 47,855 152,079
Charge for year 26,964 55,690 39,625 122,279
Eliminated on disposal - (3,240 ) - (3,240 )
At 31 March 2024 44,683 138,955 87,480 271,118
NET BOOK VALUE
At 31 March 2024 174,310 108,641 109,939 392,890
At 31 March 2023 10,135 77,129 137,999 225,263

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023 250,000
Impairments (100,000 )
At 31 March 2024 150,000
NET BOOK VALUE
At 31 March 2024 150,000
At 31 March 2023 250,000

The investments in subsidiary undertakings are recognised at cost less any impairments.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 863,578 701,733
Amounts owed by group undertakings - 38,000
Other debtors 370,531 170,096
1,234,109 909,829

3B TRAINING LIMITED (REGISTERED NUMBER: 07677028)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 116,966 112,849
Hire purchase contracts (see note 10) 23,816 23,816
Trade creditors 259,558 245,696
Amounts owed to group undertakings 20,981 -
Taxation and social security 358,666 211,233
Other creditors 985,985 803,005
1,765,972 1,396,599

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 488,743 218,296
Hire purchase contracts (see note 10) 87,184 101,989
575,927 320,285

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.3.24 31.3.23
£    £   
Net obligations repayable:
Within one year 23,816 23,816
Between one and five years 87,184 101,989
111,000 125,805

Non-cancellable operating leases
31.3.24 31.3.23
£    £   
Within one year 31,607 14,140
Between one and five years 20,181 12,866
In more than five years 13,339 14,588
65,127 41,594

11. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Hire purchase contracts 111,000 125,805

12. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 66,304 56,316

3B TRAINING LIMITED (REGISTERED NUMBER: 07677028)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024

12. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2023 56,316
Provided during year 9,988
Balance at 31 March 2024 66,304

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
50 Ordinary A 1 50 50
50 Ordinary B 1 50 50
50 Ordinary C 1 50 50
150 150

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

The Report of the Auditors was unqualified.

Neil Whittingham BA(Hons) FCA ATT (Senior Statutory Auditor)
for and on behalf of NRB

15. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
D E S Brooks
Balance outstanding at start of year (211 ) (211 )
Amounts advanced 42,798 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 42,587 (211 )

J Brooks
Balance outstanding at start of year (15 ) (15 )
Amounts advanced 42,005 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 41,990 (15 )

M R Bewley
Balance outstanding at start of year (11,234 ) (11,234 )
Amounts advanced 69,895 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 58,661 (11,234 )

3B TRAINING LIMITED (REGISTERED NUMBER: 07677028)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024

15. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

All overdrawn director's loan accounts have been repaid within 9 months.