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REGISTERED NUMBER: 03077957 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Further Training Limited

Further Training Limited (Registered number: 03077957)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Further Training Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: C J Luty M.Sc.MCIPD





SECRETARY: C J Luty M.Sc.MCIPD





REGISTERED OFFICE: BCTG Ltd
Taylors Lane
Oldbury
West Midlands
B69 2BN





REGISTERED NUMBER: 03077957 (England and Wales)





ACCOUNTANTS: Phillips Associates
Chartered Management Accountants
Associates House
249 Lyndon Road
Solihull
West Midlands
B92 7QP

Further Training Limited (Registered number: 03077957)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 212,051 212,423
Investments 5 14,255 25,000
226,306 237,423

CURRENT ASSETS
Debtors 6 314,245 307,175
Cash at bank 115,618 104,610
429,863 411,785
CREDITORS
Amounts falling due within one year 7 16,304 125,811
NET CURRENT ASSETS 413,559 285,974
TOTAL ASSETS LESS CURRENT
LIABILITIES

639,865

523,397

CREDITORS
Amounts falling due after more than one
year

8

(507,758

)

(413,663

)

PROVISIONS FOR LIABILITIES - (973 )
NET ASSETS 132,107 108,761

CAPITAL AND RESERVES
Called up share capital 100 100
Other reserves (113,804 ) (113,804 )
Other reserves 60,804 60,804
Retained earnings 185,007 161,661
SHAREHOLDERS' FUNDS 132,107 108,761

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

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

Further Training Limited (Registered number: 03077957)

Balance Sheet - continued
31 March 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 27 March 2025 and were signed by:





C J Luty M.Sc.MCIPD - Director


Further Training Limited (Registered number: 03077957)

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

1. STATUTORY INFORMATION

Further 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.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

Further Training Limited (Registered number: 03077957)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 212,050 9,666 221,716
DEPRECIATION
At 1 April 2023 - 9,293 9,293
Charge for year - 372 372
At 31 March 2024 - 9,665 9,665
NET BOOK VALUE
At 31 March 2024 212,050 1 212,051
At 31 March 2023 212,050 373 212,423

5. FIXED ASSET INVESTMENTS
Other
loans
£   
At 1 April 2023 25,000
Repayment in year (10,745 )
At 31 March 2024 14,255

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 12,760 5,265
Amounts owed by participating interests 290,000 290,000
Other debtors 11,485 11,910
314,245 307,175

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 11,677 7,009
Taxation and social security 2,627 115,893
Other creditors 2,000 2,909
16,304 125,811

Further Training Limited (Registered number: 03077957)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Amounts owed to participating interests 292,321 193,322
Other creditors 215,437 220,341
507,758 413,663