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REGISTERED NUMBER: 07063839 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

XYZ Training Group Limited

XYZ Training Group Limited (Registered number: 07063839)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

XYZ Training Group Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: I P Collier
Miss A M Collier





SECRETARY: C M G Urziceanu





REGISTERED OFFICE: Unit 25 The Oakwood Centre
Downley Road
Havant
Hampshire
PO9 2NP





REGISTERED NUMBER: 07063839 (England and Wales)





ACCOUNTANTS: Johnston Wood Roach Limited
24 Picton House
Hussar Court
Waterlooville
Hampshire
PO7 7SQ

XYZ Training Group Limited (Registered number: 07063839)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,481 10,257
Investments 5 1 1
6,482 10,258

CURRENT ASSETS
Debtors 6 176,604 169,104
Cash at bank 25,269 25,101
201,873 194,205
CREDITORS
Amounts falling due within one year 7 191,933 157,190
NET CURRENT ASSETS 9,940 37,015
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,422

47,273

CREDITORS
Amounts falling due after more than one
year

8

(63,172

)

(31,483

)

PROVISIONS FOR LIABILITIES - (439 )
NET (LIABILITIES)/ASSETS (46,750 ) 15,351

CAPITAL AND RESERVES
Called up share capital 9 101 101
Retained earnings (46,851 ) 15,250
SHAREHOLDERS' FUNDS (46,750 ) 15,351

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

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 directors acknowledge their 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.

XYZ Training Group Limited (Registered number: 07063839)

Balance Sheet - continued
29 February 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 Board of Directors and authorised for issue on 29 November 2024 and were signed on its behalf by:





I P Collier - Director


XYZ Training Group Limited (Registered number: 07063839)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

XYZ Training Group 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.

The presentation currency of the financial statements is the Pound Sterling (£).


Accounts are rounded to the nearest pound.

The accounts represent the company as an individual entity.

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.

Significant judgements and estimates
The preparation of financial statements requires the use of estimates and assumptions that affect reported amounts of assets and liabilities at the date of the financial statements, and revenues and expenses during the reporting period. These estimates and assumptions are based on management's best knowledge of the amount, events or actions. Actual results may differ from those amounts.

Management do not consider there to be any significant judgements or estimates used in the preparation of these financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 33% on cost
Motor vehicles - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


XYZ Training Group Limited (Registered number: 07063839)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Going concern
At the year end the company had net liabilities of £17,189. The company is reliant on the continued support of its lenders. The management consider that it is appropriate to rely on this assertion for a period of not less than twelve months from the date the financial statements were approved. On this basis, the directors consider that it is appropriate to prepare the accounts on the going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 March 2023
and 29 February 2024 7,219 8,995 16,214
DEPRECIATION
At 1 March 2023 2,865 3,092 5,957
Charge for year 2,300 1,476 3,776
At 29 February 2024 5,165 4,568 9,733
NET BOOK VALUE
At 29 February 2024 2,054 4,427 6,481
At 28 February 2023 4,354 5,903 10,257

XYZ Training Group Limited (Registered number: 07063839)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 March 2023
and 29 February 2024 1
NET BOOK VALUE
At 29 February 2024 1
At 28 February 2023 1

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Amounts owed by group undertakings 168,966 165,766
Other debtors 7,638 3,338
176,604 169,104

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 16,200 9,793
Trade creditors 89,722 59,570
Taxation and social security 12,068 21,652
Other creditors 73,943 66,175
191,933 157,190

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans 63,172 31,483

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 12,330 -

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
101 Ordinary £1 101 101

XYZ Training Group Limited

Report of the Accountants to the Directors of
XYZ Training Group Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 29 February 2024 set out on pages three to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Johnston Wood Roach Limited
24 Picton House
Hussar Court
Waterlooville
Hampshire
PO7 7SQ


Date: .............................................