TRAIN AID LIMITED

Company Registration Number:
06927476 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

TRAIN AID LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Notes

TRAIN AID LIMITED

Balance sheet

As at 31 March 2024


Notes

2024

2023


£

£
Fixed assets
Intangible assets: 3 52,769 53,560
Tangible assets: 4 985 1,230
Total fixed assets: 53,754 54,790
Current assets
Debtors:   482,532 411,014
Cash at bank and in hand: 163,648 149,550
Total current assets: 646,180 560,564
Creditors: amounts falling due within one year: 5 (270,412) (181,697)
Net current assets (liabilities): 375,768 378,867
Total assets less current liabilities: 429,522 433,657
Creditors: amounts falling due after more than one year: 6 (51,666) (22,599)
Provision for liabilities: (10,213) (10,410)
Total net assets (liabilities): 367,643 400,648
Capital and reserves
Called up share capital: 10 10
Profit and loss account: 367,633 400,638
Shareholders funds: 367,643 400,648

The notes form part of these financial statements

TRAIN AID LIMITED

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 13 November 2024
and signed on behalf of the board by:

Name: T.M. Casserley
Status: Director

The notes form part of these financial statements

TRAIN AID LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated rebates and other similar allowances.

Tangible fixed assets and depreciation policy

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on a reducing balance basis at a rate of 20% per annum.

Intangible fixed assets and amortisation policy

Intangible fixed assets held for the company's own use are stated at cost less accumulated amortisation and accumulated impairment losses. Amortisation is provided at a rate calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on a straight-line basis at a rate of 20% per annum.

TRAIN AID LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

2. Employees

2024 2023
Average number of employees during the period 7 7

TRAIN AID LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Intangible Assets

Total
Cost £
At 01 April 2023 66,954
Additions 15,750
At 31 March 2024 82,704
Amortisation
At 01 April 2023 13,394
Charge for year 16,541
At 31 March 2024 29,935
Net book value
At 31 March 2024 52,769
At 31 March 2023 53,560

TRAIN AID LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Tangible Assets

Total
Cost £
At 01 April 2023 4,212
At 31 March 2024 4,212
Depreciation
At 01 April 2023 2,982
Charge for year 245
At 31 March 2024 3,227
Net book value
At 31 March 2024 985
At 31 March 2023 1,230

TRAIN AID LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Creditors: amounts falling due within one year note

Creditors include bank loans of £20000 ( 2023 : £10400 )

TRAIN AID LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

6. Creditors: amounts falling due after more than one year note

This is bank loans of which £51666 is repayable by installments . ( 2023 : £22599).

TRAIN AID LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

7. Financial commitments

At 31 March 2024 , the company had capital commitments contracted for but not provided for in these financial statements of £36793. ( 2023 : £38327 ).

TRAIN AID LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

8. Loans to directors

At the balance sheet date , the company was owed £319327 by Casserley Investment Limited a company controlled and owned by the directors. This was also the maximum amount outstanding during the year.