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REGISTERED NUMBER: 04638691 (England and Wales)


















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

SPS Training Solutions Limited

SPS Training Solutions Limited (Registered number: 04638691)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SPS Training Solutions Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: M P Shah





REGISTERED OFFICE: Suite 16 Beaufort Court
Admirals Way
South Quay
Docklands
London
E14 9XL





REGISTERED NUMBER: 04638691 (England and Wales)





ACCOUNTANTS: RBS Accountants Limited
16 Beaufort Court
Admirals Way
London
Docklands
London
E14 9XL

SPS Training Solutions Limited (Registered number: 04638691)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 15,416 2,397

CURRENT ASSETS
Debtors 5 361,434 230,867
Cash at bank and in hand 197,508 240,565
558,942 471,432
CREDITORS
Amounts falling due within one year 6 167,828 114,126
NET CURRENT ASSETS 391,114 357,306
TOTAL ASSETS LESS CURRENT
LIABILITIES

406,530

359,703

CREDITORS
Amounts falling due after more than one year 7 3,523 -
NET ASSETS 403,007 359,703

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 402,907 359,603
SHAREHOLDERS' FUNDS 11 403,007 359,703

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

SPS Training Solutions Limited (Registered number: 04638691)

Balance Sheet - continued
31 March 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 director and authorised for issue on 27 November 2024 and were signed by:





M P Shah - Director


SPS Training Solutions Limited (Registered number: 04638691)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

SPS Training Solutions 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.

There is a charge by National Westminster Bank PLC on company dated 20/02/2020.

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 represents net invoiced sales of services excluding value added tax. Income is recognised as services are performed.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

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 23 (2023 - 28 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 April 2023 218,072
Additions 22,132
At 31 March 2024 240,204
DEPRECIATION
At 1 April 2023 215,675
Charge for year 9,113
At 31 March 2024 224,788
NET BOOK VALUE
At 31 March 2024 15,416
At 31 March 2023 2,397

SPS Training Solutions Limited (Registered number: 04638691)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. DEBTORS
31.3.24 31.3.23
£    £   
Amounts falling due within one year:
Trade debtors 222,228 165,357
Other debtors 39,328 19,154
261,556 184,511

Amounts falling due after more than one year:
Amounts owed by group undertakings 99,878 46,356

Aggregate amounts 361,434 230,867

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 73,673 61,572
Tax 26,573 2,888
Social security and other taxes 10,914 10,208
VAT 4,061 5,873
Other creditors 26,216 25,165
Pension Fund 1,881 4,058
Directors' current accounts 3,460 3,313
Accrued expenses 21,050 1,049
167,828 114,126

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Amounts owed to group undertakings 3,523 -

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.24 31.3.23
£    £   
Within one year 25,460 19,438
Between one and five years 47,300 957
72,760 20,395

The above relates to the total costs the company has committed to for operating leases for the next 5 years.

SPS Training Solutions Limited (Registered number: 04638691)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

9. RELATED PARTY DISCLOSURES

Stad Investments Limited ("SIL")
Parent company

During the year the company declared dividends of £50,000 (2023 - £0) to SIL.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M P Shah.

The ultimate controlling party continues to be M Shah, who is a director of the parent company "SIL", and holds 75% of the ordinary share capital.

11. RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS
31.3.24 31.3.23
£    £   
Profit for the financial year 93,304 15,591
Dividends (50,000 ) -
Net addition to shareholders' funds 43,304 15,591
Opening shareholders' funds 359,703 344,112
Closing shareholders' funds 403,007 359,703