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REGISTERED NUMBER: 11635568 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

TAKE POINT TRAINING LIMITED

TAKE POINT TRAINING LIMITED (REGISTERED NUMBER: 11635568)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TAKE POINT TRAINING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTOR: S W Pascoe





REGISTERED OFFICE: Treetops
Mylor Downs
Falmouth
Cornwall
TR11 5UL





REGISTERED NUMBER: 11635568 (England and Wales)





ACCOUNTANTS: TC Group
The Old Carriage Works
Moresk Road
Truro
Cornwall
TR1 1DG

TAKE POINT TRAINING LIMITED (REGISTERED NUMBER: 11635568)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,056 34,444

CURRENT ASSETS
Debtors 5 265,754 73,934
Cash at bank 67,474 141,288
333,228 215,222
CREDITORS
Amounts falling due within one year 6 376,523 414,448
NET CURRENT LIABILITIES (43,295 ) (199,226 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(21,239

)

(164,782

)

CREDITORS
Amounts falling due after more than one
year

7

70,579

102,644
NET LIABILITIES (91,818 ) (267,426 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (91,918 ) (267,526 )
(91,818 ) (267,426 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

TAKE POINT TRAINING LIMITED (REGISTERED NUMBER: 11635568)

BALANCE SHEET - continued
31 OCTOBER 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 director and authorised for issue on 21 February 2025 and were signed by:





S W Pascoe - Director


TAKE POINT TRAINING LIMITED (REGISTERED NUMBER: 11635568)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1. STATUTORY INFORMATION

Take Point Training 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.

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.

Going concern
The company has net current liabilities and net liabilities in its balance sheet of £43,295 and £91,818 respectively. The company has made a pre-tax profit of £144,322 for the year ended 31 October 2024.

The company has been working to build its business in anticipation of future growth. There is a positive profit for 2024 and this is on target with previous year projection. The order book for 2024-25 is positive with secured orders from existing and new clients

At 31 October 2024, the company has deferred income amounting to £202,130 which will be released to income in 2025 in line with the accounting policy on revenue recognition.

The company remains supported by loans from its director and other funders and on the basis of that support continuing the director considers the company to be a going concern and has prepared the accounts accordingly.

Turnover
Revenue for provision of services is recognised when it is probable that an economic benefit will flow to the entity and the revenue and costs can be reliably measured.

For continuing services, revenue is recognised when the stage of completion can be reliably measured using a percentage of completion method.

For training services this means that where income is invoiced in advance, it is deferred and recognised as revenue in the periods in which the training is delivered.

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 - 20% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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.


TAKE POINT TRAINING LIMITED (REGISTERED NUMBER: 11635568)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 27 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 November 2023 57,401 8,189 1,200 66,790
Additions 4,708 - - 4,708
Disposals (21,380 ) (5,276 ) (1,200 ) (27,856 )
At 31 October 2024 40,729 2,913 - 43,642
DEPRECIATION
At 1 November 2023 27,578 3,948 820 32,346
Charge for year 5,189 433 - 5,622
Eliminated on disposal (12,796 ) (2,766 ) (820 ) (16,382 )
At 31 October 2024 19,971 1,615 - 21,586
NET BOOK VALUE
At 31 October 2024 20,758 1,298 - 22,056
At 31 October 2023 29,823 4,241 380 34,444

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 219,672 71,580
Other debtors 46,082 2,354
265,754 73,934

TAKE POINT TRAINING LIMITED (REGISTERED NUMBER: 11635568)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 11,365 11,365
Trade creditors 20,666 29,197
Taxation and social security 53,798 75,090
Other creditors 290,694 298,796
376,523 414,448

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 6,629 17,995
Other creditors 63,950 84,649
70,579 102,644

8. RELATED PARTY DISCLOSURES

At 31 October 2024, the company owed the Director £44,950 in respect of his Director's current account. (2023: £57,500.) The current account is repayable on demand.

Interest has been charged upon the loan at 10% for the period. The interest charge for the year is £4,870. (2023: £nil.)