IRIS Accounts Production v24.3.2.46 01381199 Board of Directors 1.10.23 30.9.24 30.9.24 The principal activity of the company continues to be the provision of training services to professionals and industrial and commercial firms false true false false false true false Ordinary Shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh013811992023-09-30013811992024-09-30013811992023-10-012024-09-30013811992022-09-30013811992022-10-012023-09-30013811992023-09-3001381199ns15:EnglandWales2023-10-012024-09-3001381199ns14:PoundSterling2023-10-012024-09-3001381199ns10:Director12023-10-012024-09-3001381199ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3001381199ns10:SmallEntities2023-10-012024-09-3001381199ns10:AuditExempt-NoAccountantsReport2023-10-012024-09-3001381199ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3001381199ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3001381199ns10:FullAccounts2023-10-012024-09-300138119912023-10-012024-09-3001381199ns10:OrdinaryShareClass12023-10-012024-09-3001381199ns10:Director22023-10-012024-09-3001381199ns10:Director32023-10-012024-09-3001381199ns10:Director42023-10-012024-09-3001381199ns10:Director52023-10-012024-09-3001381199ns10:Director62023-10-012024-09-3001381199ns10:Director72023-10-012024-09-3001381199ns10:Director82023-10-012024-09-300138119912023-10-012024-09-300138119912022-10-012023-09-3001381199ns5:CurrentFinancialInstruments2024-09-3001381199ns5:CurrentFinancialInstruments2023-09-3001381199ns5:ShareCapital2024-09-3001381199ns5:ShareCapital2023-09-3001381199ns5:CapitalRedemptionReserve2024-09-3001381199ns5:CapitalRedemptionReserve2023-09-3001381199ns5:RetainedEarningsAccumulatedLosses2024-09-3001381199ns5:RetainedEarningsAccumulatedLosses2023-09-3001381199ns5:ShareCapital2022-09-3001381199ns5:RetainedEarningsAccumulatedLosses2022-09-3001381199ns5:CapitalRedemptionReserve2022-09-3001381199ns5:RetainedEarningsAccumulatedLosses2022-10-012023-09-3001381199ns5:CapitalRedemptionReserve2022-10-012023-09-3001381199ns5:RetainedEarningsAccumulatedLosses2023-10-012024-09-3001381199ns5:CapitalRedemptionReserve2023-10-012024-09-3001381199ns5:ComputerSoftware2023-10-012024-09-3001381199ns5:FurnitureFittings2023-10-012024-09-3001381199ns5:ComputerEquipment2023-10-012024-09-3001381199ns5:ComputerSoftware2023-09-3001381199ns5:ComputerSoftware2024-09-3001381199ns5:ComputerSoftware2023-09-3001381199ns5:FurnitureFittings2023-09-3001381199ns5:ComputerEquipment2023-09-3001381199ns5:FurnitureFittings2024-09-3001381199ns5:ComputerEquipment2024-09-3001381199ns5:FurnitureFittings2023-09-3001381199ns5:ComputerEquipment2023-09-3001381199ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-3001381199ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-3001381199ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2024-09-3001381199ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2023-09-3001381199ns10:OrdinaryShareClass12024-09-30
REGISTERED NUMBER: 01381199 (England and Wales)















WHITE HORSE TRAINING LIMITED

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 SEPTEMBER 2024






WHITE HORSE TRAINING LIMITED (REGISTERED NUMBER: 01381199)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Report of the Directors 1

Statement of Comprehensive Income 2

Statement of Financial Position 3

Statement of Changes in Equity 4

Notes to the Financial Statements 5 to 7


WHITE HORSE TRAINING LIMITED (REGISTERED NUMBER: 01381199)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


The directors present their report with the financial statements of the company for the year ended 30 September 2024.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 October 2023 to the date of this report.

Mr A Coombes FCCA
Mr S K Sheldon FCA
Mr I Sumbler FCCA
Mr W J Abbott FCA
Mr D I Black FCA
Mr V E Cowling FCA
Mrs M Wollaston
Mr G S Hollywell FCCA

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mrs M Wollaston - Director


4 March 2025

WHITE HORSE TRAINING LIMITED (REGISTERED NUMBER: 01381199)

STATEMENT OF COMPREHENSIVE
INCOME
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2024 2023
£    £    £    £   

REVENUE 746,052 554,397

External charges - course exps 184,737 134,201

Staff costs 3 336,062 258,524
Depreciation 10,857 9,127
Other operating expenses 126,487 105,372
473,406 373,023
OPERATING PROFIT 87,909 47,173

Interest receivable and similar income 4,463 625
PROFIT BEFORE TAXATION 92,372 47,798

Tax on profit 21,132 8,218
PROFIT FOR THE FINANCIAL YEAR 71,240 39,580

OTHER COMPREHENSIVE INCOME
Cancellation of share capital - 13
Income tax relating to other
comprehensive income

-

-
OTHER COMPREHENSIVE INCOME
FOR THE YEAR, NET OF INCOME TAX

-

13
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

71,240

39,593

WHITE HORSE TRAINING LIMITED (REGISTERED NUMBER: 01381199)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,907 4,350
Property, plant and equipment 5 33,447 32,878
36,354 37,228

CURRENT ASSETS
Debtors 6 122,832 100,998
Cash at bank and in hand 343,681 246,648
466,513 347,646
CREDITORS
Amounts falling due within one year 7 111,371 65,467
NET CURRENT ASSETS 355,142 282,179
TOTAL ASSETS LESS CURRENT
LIABILITIES

391,496

319,407

PROVISIONS FOR LIABILITIES 5,549 4,700
NET ASSETS 385,947 314,707

CAPITAL AND RESERVES
Called up share capital 9 8 8
Capital redemption reserve 13 13
Retained earnings 385,926 314,686
SHAREHOLDERS' FUNDS 385,947 314,707

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 4 March 2025 and were signed on its behalf by:





Mrs M Wollaston - Director


WHITE HORSE TRAINING LIMITED (REGISTERED NUMBER: 01381199)

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2024

Called up Capital
share Retained redemption Total
capital earnings reserve equity
£    £    £    £   
Balance at 1 October 2022 21 275,106 - 275,127

Changes in equity
Reduction in share capital (13 ) - - (13 )
Total comprehensive income - 39,580 13 39,593
Balance at 30 September 2023 8 314,686 13 314,707

Changes in equity
Total comprehensive income - 71,240 - 71,240
Balance at 30 September 2024 8 385,926 13 385,947

WHITE HORSE TRAINING LIMITED (REGISTERED NUMBER: 01381199)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

The company is a private company limited by shares and incorporated in England and Wales.

The registered office address is 1 Riverside Court, Lower Bristol Road, Bath, BA2 3DZ

These financial statements are presented in British Pounds (GBP) rounded to the nearest pound, which is the company's functional and presentational currency.

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 represents the total amounts derived from the provision of training services during the year , excluding Value Added Tax.

Website amortisation
Website costs are being amortised at 20% per annum on a straight line basis.

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 - 10% on cost
Computer equipment - 25% on cost

Financial instruments
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Short term trade creditors are measured at the transaction price. Other financial liabilities, including loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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 statement of financial position date.

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.

WHITE HORSE TRAINING LIMITED (REGISTERED NUMBER: 01381199)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


2. ACCOUNTING POLICIES - continued

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 9 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Website
£   
COST
At 1 October 2023
and 30 September 2024 7,216
AMORTISATION
At 1 October 2023 2,866
Amortisation for year 1,443
At 30 September 2024 4,309
NET BOOK VALUE
At 30 September 2024 2,907
At 30 September 2023 4,350

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 October 2023 35,855 70,506 106,361
Additions 755 9,228 9,983
At 30 September 2024 36,610 79,734 116,344
DEPRECIATION
At 1 October 2023 24,546 48,937 73,483
Charge for year 2,520 6,894 9,414
At 30 September 2024 27,066 55,831 82,897
NET BOOK VALUE
At 30 September 2024 9,544 23,903 33,447
At 30 September 2023 11,309 21,569 32,878

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 20,292 21,444
Other debtors 92,940 70,411
113,232 91,855

WHITE HORSE TRAINING LIMITED (REGISTERED NUMBER: 01381199)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


6. DEBTORS - continued
2024 2023
£    £   
Amounts falling due after more than one year:
Other debtors 9,600 9,143

Aggregate amounts 122,832 100,998

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 17,560 24,481
Taxation and social security 22,889 6,658
Other creditors 70,922 34,328
111,371 65,467

8. FINANCIAL INSTRUMENTS

The Company's financial instruments may be analysed as follows:

2024 2023
£    £   
Financial assets
Financial assets measured at fair value through profit or loss 9,600 9,143
Financial assets measured at amortised cost 372,806 268,092
382,406 277,235


Financial assets measured at amortised cost comprise of cash and bank balances, trade debtors and other debtors.

Financial assets measured at fair value comprise of long term other debtors.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
8 Ordinary Shares 1 8 8

10. RELATED PARTY DISCLOSURES

The company was initially founded jointly by a group of independent accounting firms to provide the member firms with continual professional development courses, and student training courses for professional examinations. The directors of White Horse Training Limited are mostly representatives of the member firms and as such meet the definition of a related party for the purpose of the Companies Act. Each member firm purchases training courses from the company, but all fees charged are at a normal commercial rate. The company also pays certain member firms, at a significantly discounted rate, for ad hoc services supplied by their representative director.

11. ULTIMATE CONTROLLING PARTY

The company is controlled by the board of directors, made up mostly from representatives of the member firms.