Registered number
07203840
Spencer Training Ltd
Filleted Accounts
31 March 2024
Spencer Training Ltd
Registered number: 07203840
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,013 763
1,013 763
Current assets
Debtors 4 10,521 10,521
Cash at bank and in hand 3,439 5,814
13,960 16,335
Creditors: amounts falling due within one year 5 (8,027) (5,714)
Net current assets 5,933 10,621
Total assets less current liabilities 6,946 11,384
Creditors: amounts falling due after more than one year 6 (6,400) (9,500)
Net assets 546 1,884
Capital and reserves
Called up share capital 100 100
Profit and loss account 446 1,784
Shareholder's funds 546 1,884
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Elaine Spencer
Director
Approved by the board on 12 June 2024
Spencer Training Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised when a performance obligation is satisfied when the entity provides a service.
Tangible fixed assets
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:
Fixtures, fittings, tools and equipment over 5 years
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. Unrelieved tax losses are recognised only to the extent that it is probable that they will be recovered against the reversal of other future taxable profits. Current tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Total
£ £
Cost
At 1 April 2023 2,008 2,008
Additions 551 551
At 31 March 2024 2,559 2,559
Depreciation
At 1 April 2023 1,245 1,245
Charge for the year 301 301
At 31 March 2024 1,546 1,546
Net book value
At 31 March 2024 1,013 1,013
At 31 March 2023 763 763
4 Debtors 2024 2023
£ £
Other debtors 10,521 10,521
10,521 10,521
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 8,027 5,354
Other creditors - 360
8,027 5,714
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 6,400 9,500
6,400 9,500
7 Other information
Spencer Training Ltd is a private company limited by shares and incorporated in England. Its registered office is:
280 Saddlebrook Park, Warden Bay Road
Leysdown On Sea
Sheerness
ME12 4LT
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