Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-29The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2023-03-01falseNo description of principal activity11truetrue 10941008 2023-03-01 2024-02-29 10941008 2022-03-01 2023-02-28 10941008 2024-02-29 10941008 2023-02-28 10941008 c:Director1 2023-03-01 2024-02-29 10941008 d:OfficeEquipment 2023-03-01 2024-02-29 10941008 d:OfficeEquipment 2024-02-29 10941008 d:OfficeEquipment 2023-02-28 10941008 d:CurrentFinancialInstruments 2024-02-29 10941008 d:CurrentFinancialInstruments 2023-02-28 10941008 d:Non-currentFinancialInstruments 2024-02-29 10941008 d:Non-currentFinancialInstruments 2023-02-28 10941008 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 10941008 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 10941008 d:Non-currentFinancialInstruments d:AfterOneYear 2024-02-29 10941008 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 10941008 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-02-29 10941008 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-02-28 10941008 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-02-29 10941008 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-02-28 10941008 d:ShareCapital 2024-02-29 10941008 d:ShareCapital 2023-02-28 10941008 d:RetainedEarningsAccumulatedLosses 2024-02-29 10941008 d:RetainedEarningsAccumulatedLosses 2023-02-28 10941008 c:FRS102 2023-03-01 2024-02-29 10941008 c:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 10941008 c:FullAccounts 2023-03-01 2024-02-29 10941008 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 10941008 e:PoundSterling 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure

Registered number: 10941008










KV TRAINING LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

 
KV TRAINING LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF KV TRAINING LIMITED
FOR THE YEAR ENDED 29 FEBRUARY 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of KV Training Limited for the year ended 29 February 2024 which comprise  the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the director of KV Training Limited in accordance with the terms of our engagement letter dated 5 November 2024Our work has been undertaken solely to prepare for your approval the financial statements of KV Training Limited and state those matters that we have agreed to state to the director of KV Training Limited in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than KV Training Limited and its director for our work or for this report. 

It is your duty to ensure that KV Training Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of KV Training Limited. You consider that KV Training Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of KV Training Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



7 The Close
Norwich
Norfolk
NR1 4DJ
28 November 2024
Page 1

 
KV TRAINING LIMITED
REGISTERED NUMBER: 10941008

BALANCE SHEET
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 5 
17,171
26,114

Cash at bank and in hand
  
1
291

  
17,172
26,405

Creditors: amounts falling due within one year
 6 
(3,345)
(8,517)

Net current assets
  
 
 
13,827
 
 
17,888

Total assets less current liabilities
  
13,827
17,888

Creditors: amounts falling due after more than one year
 7 
(14,799)
(18,224)

  

Net liabilities
  
(972)
(336)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(1,072)
(436)

  
(972)
(336)


Page 2

 
KV TRAINING LIMITED
REGISTERED NUMBER: 10941008
    
BALANCE SHEET (CONTINUED)
AS AT 29 FEBRUARY 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 November 2024.




Ms K L Vinall
Director

The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
KV TRAINING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

KV Training Limited is a United Kingdom company limited by shares. It is both incorporated and domiciled in England and Wales. The address of its registered office is 33 Pigot Lane, Framlingham Earl, Norwich, NR14 7PX. The Company's principal activity is dormant.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 4

 
KV TRAINING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 5

 
KV TRAINING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

2024
2023
£
£

Wages and salaries
-
5,567

Cost of defined contribution scheme
-
186

-
5,753


The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 6

 
KV TRAINING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

4.


Tangible fixed assets







Office equipment

£



Cost or valuation


At 1 March 2023
900



At 29 February 2024

900



Depreciation


At 1 March 2023
900



At 29 February 2024

900



Net book value



At 29 February 2024
-



At 28 February 2023
-


5.


Debtors

29 February
28 February
2024
2023
£
£


Other debtors
17,171
26,114

17,171
26,114


Page 7

 
KV TRAINING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

6.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Bank loans
2,845
2,600

Corporation tax
-
2,888

Other creditors
67
67

Accruals and deferred income
433
2,962

3,345
8,517



7.


Creditors: Amounts falling due after more than one year

29 February
28 February
2024
2023
£
£

Bank loans
14,799
18,224

14,799
18,224


Page 8

 
KV TRAINING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

8.


Loans


Analysis of the maturity of loans is given below:


29 February
28 February
2024
2023
£
£

Amounts falling due within one year

Bank loans
2,845
2,600


2,845
2,600

Amounts falling due 1-5 years

Bank loans
11,382
18,224


11,382
18,224


Amounts falling due after more than 5 years

Bank loans
3,417
-

3,417
-

17,644
20,824


 
Page 9