CONSTRUCTION TRAINING COMPANY LTD

Company Registration Number:
09994109 (England and Wales)

Unaudited statutory accounts for the year ended 29 February 2024

Period of accounts

Start date: 1 March 2023

End date: 29 February 2024

CONSTRUCTION TRAINING COMPANY LTD

Contents of the Financial Statements

for the Period Ended 29 February 2024

Directors report
Balance sheet
Additional notes
Balance sheet notes

CONSTRUCTION TRAINING COMPANY LTD

Directors' report period ended 29 February 2024

The directors present their report with the financial statements of the company for the period ended 29 February 2024

Principal activities of the company

The company's principal activity during the year continued to be Health and Safety advice and training for the Construction Industry.



Directors

The director shown below has held office during the whole of the period from
1 March 2023 to 29 February 2024

Steven John Roberts


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
24 June 2024

And signed on behalf of the board by:
Name: Steven John Roberts
Status: Director

CONSTRUCTION TRAINING COMPANY LTD

Balance sheet

As at 29 February 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 14,698 22,030
Total fixed assets: 14,698 22,030
Current assets
Debtors: 4 18,746 10,910
Cash at bank and in hand: 73,773 65,693
Total current assets: 92,519 76,603
Creditors: amounts falling due within one year: 5 ( 36,474 ) ( 39,011 )
Net current assets (liabilities): 56,045 37,592
Total assets less current liabilities: 70,743 59,622
Creditors: amounts falling due after more than one year: 6 ( 2,679 ) ( 4,707 )
Provision for liabilities: ( 3,675 ) ( 4,186 )
Total net assets (liabilities): 64,389 50,729
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 64,387 50,727
Total Shareholders' funds: 64,389 50,729

The notes form part of these financial statements

CONSTRUCTION TRAINING COMPANY LTD

Balance sheet statements

For the year ending 29 February 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.

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

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

This report was approved by the board of directors on 24 June 2024
and signed on behalf of the board by:

Name: Steven John Roberts
Status: Director

The notes form part of these financial statements

CONSTRUCTION TRAINING COMPANY LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

  • 1. Accounting policies

    Basis of measurement and preparation

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

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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 depreciation policy

    Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: Plant and machinery - over 5 years Fixtures, fittings, tools and equipment - over 5 years

    Other accounting policies

    Debtors Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. Creditors Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. Taxation A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. Leased assets A lease is classified as a finance lease it it transfers substantially all the risk and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

CONSTRUCTION TRAINING COMPANY LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 1 1

CONSTRUCTION TRAINING COMPANY LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 March 2023 51,312 51,312
Additions 2,912 2,912
Disposals
Revaluations
Transfers
At 29 February 2024 54,224 54,224
Depreciation
At 1 March 2023 29,282 29,282
Charge for year 10,244 10,244
On disposals
Other adjustments
At 29 February 2024 39,526 39,526
Net book value
At 29 February 2024 14,698 14,698
At 28 February 2023 22,030 22,030

CONSTRUCTION TRAINING COMPANY LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

4. Debtors

2024 2023
£ £
Trade debtors 18,127 10,329
Prepayments and accrued income 619 581
Total 18,746 10,910

CONSTRUCTION TRAINING COMPANY LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 2,010 1,992
Amounts due under finance leases and hire purchase contracts 11,449
Trade creditors 1,248
Taxation and social security 28,800 19,653
Accruals and deferred income 4,400 3,800
Other creditors 16 2,117
Total 36,474 39,011

CONSTRUCTION TRAINING COMPANY LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

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

2024 2023
£ £
Bank loans and overdrafts 2,679 4,707
Total 2,679 4,707