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REGISTERED NUMBER: 05833340 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

NSPP Vocational Training Limited

NSPP Vocational Training Limited (Registered number: 05833340)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


NSPP Vocational Training Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: G M Whaites
P Shepherd





REGISTERED OFFICE: Bridge House
12 Market Street
Glossop
Derbyshire
SK13 8AR





REGISTERED NUMBER: 05833340 (England and Wales)





ACCOUNTANTS: Lomas and Company Accountants Limited
Bridge House
12 Market Street
Glossop
Derbyshire
SK13 8AR

NSPP Vocational Training Limited (Registered number: 05833340)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 28,362 619,552

CURRENT ASSETS
Debtors 5 277,431 225,494
Cash at bank and in hand 15,976 31,000
293,407 256,494
CREDITORS
Amounts falling due within one year 6 140,701 162,497
NET CURRENT ASSETS 152,706 93,997
TOTAL ASSETS LESS CURRENT
LIABILITIES

181,068

713,549

CREDITORS
Amounts falling due after more than one
year

7

(9,167

)

(137,313

)

PROVISIONS FOR LIABILITIES - (54,794 )
NET ASSETS 171,901 521,442

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8 171,801 521,342
SHAREHOLDERS' FUNDS 171,901 521,442

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 March 2025 and were signed on its behalf by:





P Shepherd - Director


NSPP Vocational Training Limited (Registered number: 05833340)

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

1. STATUTORY INFORMATION

NSPP Vocational 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 as modified by the revaluation of certain assets.

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 - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on reducing balance

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans and directors' loans.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

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.

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.

NSPP Vocational Training Limited (Registered number: 05833340)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST OR VALUATION
At 1 September 2023 500,000 42,170 51,858
Additions - - (1 )
Disposals (500,000 ) (33,652 ) (49,930 )
At 31 August 2024 - 8,518 1,927
DEPRECIATION
At 1 September 2023 - 26,476 25,299
Charge for year - 630 270
Eliminated on disposal - (21,107 ) (24,723 )
At 31 August 2024 - 5,999 846
NET BOOK VALUE
At 31 August 2024 - 2,519 1,081
At 31 August 2023 500,000 15,694 26,559

Motor Computer
vehicles equipment Totals
£    £    £   
COST OR VALUATION
At 1 September 2023 137,939 36,299 768,266
Additions - 450 449
Disposals (79,959 ) (24,927 ) (688,468 )
At 31 August 2024 57,980 11,822 80,247
DEPRECIATION
At 1 September 2023 70,061 26,878 148,714
Charge for year 5,774 598 7,272
Eliminated on disposal (40,953 ) (17,318 ) (104,101 )
At 31 August 2024 34,882 10,158 51,885
NET BOOK VALUE
At 31 August 2024 23,098 1,664 28,362
At 31 August 2023 67,878 9,421 619,552

Cost or valuation at 31 August 2024 is represented by:

Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
Cost 8,518 1,927 57,980 11,822 80,247

NSPP Vocational Training Limited (Registered number: 05833340)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 43,481 -
Other debtors 233,950 225,494
277,431 225,494

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 10,000 34,994
Trade creditors - 920
Taxation and social security 118,834 108,066
Other creditors 11,867 18,517
140,701 162,497

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans 9,167 137,313

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 55,732

8. RESERVES
Retained
earnings
£   

At 1 September 2023 521,342
Deficit for the year (81,567 )
Dividends (267,974 )
At 31 August 2024 171,801

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2024 and 31 August 2023:

31.8.24 31.8.23
£    £   
G M Whaites
Balance outstanding at start of year 118,124 188,514
Amounts advanced 152,015 118,124
Amounts repaid (134,400 ) (188,514 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 135,739 118,124

NSPP Vocational Training Limited (Registered number: 05833340)

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

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

P Shepherd
Balance outstanding at start of year 99,973 88,600
Amounts advanced 143,295 99,973
Amounts repaid (159,079 ) (88,600 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 84,189 99,973