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REGISTERED NUMBER: 04509440 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

National Business College Limited

National Business College Limited (Registered number: 04509440)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


National Business College Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Mr A Stringer
Mrs J M Stringer





SECRETARY: Mr A Stringer





REGISTERED OFFICE: 1 Greenhead Road
Huddersfield
West Yorkshire
HD1 4EN





REGISTERED NUMBER: 04509440 (England and Wales)





ACCOUNTANTS: Harris & Co Limited
Chartered Accountants
Marland House
13 Huddersfield Road
Barnsley
South Yorkshire
S70 2LW

National Business College Limited (Registered number: 04509440)

Statement of Financial Position
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 329,886 339,879
329,886 339,879

CURRENT ASSETS
Stocks 1,800 1,800
Debtors 7 29,591 21,223
Cash at bank and in hand 8 4,133
31,399 27,156
CREDITORS
Amounts falling due within one year 8 98,870 90,240
NET CURRENT LIABILITIES (67,471 ) (63,084 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

262,415

276,795

CREDITORS
Amounts falling due after more than one
year

9

(8,386

)

(18,325

)

PROVISIONS FOR LIABILITIES (1,873 ) (2,202 )
NET ASSETS 252,156 256,268

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 252,154 256,266
SHAREHOLDERS' FUNDS 252,156 256,268

National Business College Limited (Registered number: 04509440)

Statement of Financial Position - continued
31 August 2024


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

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 August 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 December 2024 and were signed on its behalf by:





Mr A Stringer - Director


National Business College Limited (Registered number: 04509440)

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

1. STATUTORY INFORMATION

National Business College 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 and functional currency of the financial statements is the Pound Sterling (£).

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on a going concern basis under the historical cost convention.

Significant judgements and estimates
The principal accounting policies and significant judgements and estimates applied in the preparation of these financial statements are set out below. These policies, judgements and estimates have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover represents amounts earned on services provided during the year and derives from the provision of services falling within the company's ordinary activities.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Straight line over 30 years
Plant and machinery - 15% on reducing balance

All fixed assets are initially recorded at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.


National Business College Limited (Registered number: 04509440)

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

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 8 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 100,000
AMORTISATION
At 1 September 2023
and 31 August 2024 100,000
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

National Business College Limited (Registered number: 04509440)

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

6. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 September 2023
and 31 August 2024 412,943 89,256 502,199
DEPRECIATION
At 1 September 2023 84,654 77,666 162,320
Charge for year 8,259 1,734 9,993
At 31 August 2024 92,913 79,400 172,313
NET BOOK VALUE
At 31 August 2024 320,030 9,856 329,886
At 31 August 2023 328,289 11,590 339,879

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 27,442 18,993
Other debtors 2,149 2,230
29,591 21,223

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 44,710 36,921
Trade creditors 9,708 9,683
Taxation and social security 27,813 25,138
Other creditors 16,639 18,498
98,870 90,240

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 8,386 18,325

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2