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REGISTERED NUMBER: 09127201 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Farleys Training Ltd

Farleys Training Ltd (Registered number: 09127201)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Farleys Training Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Mr P A Harris
Mrs N H Harris





REGISTERED OFFICE: Trade Fair House
2 West Court
Enterprise Road
Maidstone
Kent
ME15 6JD





REGISTERED NUMBER: 09127201 (England and Wales)





ACCOUNTANTS: Accsys Accountants Limited
Chartered Accountants
Trade Fair House
2 West Court
Enterprise Road
Maidstone
Kent
ME15 6JD

Farleys Training Ltd (Registered number: 09127201)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,541 26,711

CURRENT ASSETS
Debtors 5 139,979 139,904
Cash at bank - 2,135
139,979 142,039
CREDITORS
Amounts falling due within one year 6 137,867 142,042
NET CURRENT ASSETS/(LIABILITIES) 2,112 (3 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,653

26,708

CREDITORS
Amounts falling due after more than one year 7 31,957 50,742
NET LIABILITIES (10,304 ) (24,034 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (10,404 ) (24,134 )
(10,304 ) (24,034 )

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

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

Farleys Training Ltd (Registered number: 09127201)

Balance Sheet - continued
31 July 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 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 6 December 2024 and were signed on its behalf by:




Mr P A Harris - Director



Mrs N H Harris - Director


Farleys Training Ltd (Registered number: 09127201)

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

1. STATUTORY INFORMATION

Farleys Training Ltd 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.

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 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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 August 2023 15,363 8,719 28,645 8,643 61,370
Additions - - - 422 422
Disposals - - (1,400 ) (224 ) (1,624 )
At 31 July 2024 15,363 8,719 27,245 8,841 60,168
DEPRECIATION
At 1 August 2023 11,153 7,264 9,533 6,709 34,659
Charge for year 1,053 456 4,715 787 7,011
Eliminated on disposal - - (877 ) (166 ) (1,043 )
At 31 July 2024 12,206 7,720 13,371 7,330 40,627
NET BOOK VALUE
At 31 July 2024 3,157 999 13,874 1,511 19,541
At 31 July 2023 4,210 1,455 19,112 1,934 26,711

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 30,223 40,646
Other debtors 109,756 99,258
139,979 139,904

Farleys Training Ltd (Registered number: 09127201)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 42,459 63,462
Hire purchase contracts 5,334 4,966
Trade creditors 21,080 27,893
Taxation and social security 51,362 27,818
Other creditors 17,632 17,903
137,867 142,042

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans 20,621 34,072
Hire purchase contracts 11,336 16,670
31,957 50,742