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Training, Learning and Progress Ltd
Registered Number:07067446
For the year ended 29 February 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 29 February 2024
Training, Learning and Progress Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
07067446
As at 29 February 2024
Training, Learning and Progress Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
7,412
9,388
2
7,412
9,388
Current assets
Trade and other receivables
32,767
25,523
3
10,228
Cash and cash equivalents
26,241
51,764
42,995
Trade and other payables: amounts falling due within one year
(30,867)
(34,613)
4
12,128
17,151
Net current assets
Total assets less current liabilities
24,563
21,516
Trade and other payables: amounts falling due after more than
one year
(45,716)
(32,165)
5
(7,602)
Net liabilities
(24,200)
Capital and reserves
Called up share capital
100
100
Retained earnings
(7,702)
(24,300)
(7,602)
(24,200)
Shareholders' funds
For the year ended 29 February 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 of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
T L Phillips Director
These financial statements were approved and authorised for issue by the Board on 05 November 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 29 February 2024
Training, Learning and Progress Ltd
Notes to the Financial Statements
Statutory Information
Training, Learning and Progress Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number
07067446.
Registered address:
Flat 1, 28 Weld Road
Birkdale
Lancashire
PR8 2DL
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have
been prepared under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25% Reducing balance
Computer equipment
25% Reducing balance
Fixtures and fittings
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Motor vehicles
Plant and
machinery
£
£
£
£
£
Cost or valuation
At 01 March 2023
20,536
8,136
2,900
6,000
3,500
499
499
-
-
-
Additions
At 29 February 2024
6,000
2,900
8,635
21,035
3,500
Provision for depreciation and impairment
At 01 March 2023
11,148
4,822
1,677
2,625
2,024
Charge for year
2,475
955
306
844
370
At 29 February 2024
13,623
5,777
1,983
3,469
2,394
At 29 February 2024
Net book value
1,106
2,531
917
2,858
7,412
At 28 February 2023
1,476
3,375
1,223
3,314
9,388
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5
For the year ended 29 February 2024
Training, Learning and Progress Ltd
Notes to the Financial Statements Continued
3. Trade and other receivables
2023
2024
£
£
Trade debtors
25,392
27,216
Other debtors
131
5,551
32,767
25,523
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
20,500
20,500
Trade creditors
-
176
Taxation and social security
11,792
10,191
Other creditors
2,321
-
34,613
30,867
5. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
32,165
45,716
6. Average number of persons employed
During the year the average number of employees was 0 (2023 : 1)
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