Silverfin false false 31/10/2024 01/11/2023 31/10/2024 D S Wilson 31/10/2018 J Wilson 31/10/2018 01 April 2025 no description of principal activity 11652298 2024-10-31 11652298 bus:Director1 2024-10-31 11652298 bus:Director2 2024-10-31 11652298 core:CurrentFinancialInstruments 2024-10-31 11652298 core:CurrentFinancialInstruments 2023-10-31 11652298 2023-10-31 11652298 core:ShareCapital 2024-10-31 11652298 core:ShareCapital 2023-10-31 11652298 core:RetainedEarningsAccumulatedLosses 2024-10-31 11652298 core:RetainedEarningsAccumulatedLosses 2023-10-31 11652298 core:OfficeEquipment 2023-10-31 11652298 core:OfficeEquipment 2024-10-31 11652298 2023-11-01 2024-10-31 11652298 bus:FilletedAccounts 2023-11-01 2024-10-31 11652298 bus:SmallEntities 2023-11-01 2024-10-31 11652298 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 11652298 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 11652298 bus:Director1 2023-11-01 2024-10-31 11652298 bus:Director2 2023-11-01 2024-10-31 11652298 core:OfficeEquipment core:TopRangeValue 2023-11-01 2024-10-31 11652298 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure

Company No: 11652298 (England and Wales)

NBT TRAINING LTD

Unaudited Financial Statements
For the financial year ended 31 October 2024
Pages for filing with the registrar

NBT TRAINING LTD

Unaudited Financial Statements

For the financial year ended 31 October 2024

Contents

NBT TRAINING LTD

STATEMENT OF FINANCIAL POSITION

As at 31 October 2024
NBT TRAINING LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 October 2024
Note 2024 2023
£ £
Current assets
Debtors 4 219 1,215
Cash at bank and in hand 5 5,693 6,090
5,912 7,305
Creditors: amounts falling due within one year 6 ( 5,767) ( 6,732)
Net current assets 145 573
Total assets less current liabilities 145 573
Net assets 145 573
Capital and reserves
Called-up share capital 100 100
Profit and loss account 45 473
Total shareholder's funds 145 573

For the financial year ending 31 October 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of NBT Training Ltd (registered number: 11652298) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

J Wilson
Director

01 April 2025

NBT TRAINING LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2024
NBT TRAINING LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

NBT Training Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Larking Gowen 1st Floor Prospect House, Rouen Road, Norwich, NR1 1RE, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Office equipment 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 0 0

3. Tangible assets

Office equipment Total
£ £
Cost
At 01 November 2023 404 404
At 31 October 2024 404 404
Accumulated depreciation
At 01 November 2023 404 404
At 31 October 2024 404 404
Net book value
At 31 October 2024 0 0
At 31 October 2023 0 0

4. Debtors

2024 2023
£ £
Trade debtors 0 1,150
Prepayments 219 65
219 1,215

5. Cash and cash equivalents

2024 2023
£ £
Cash at bank and in hand 5,693 6,090

6. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to directors 1,125 3,313
Accruals and deferred income 4,391 2,533
Corporation tax 251 886
5,767 6,732