FOREST SCHOOL TRAINING COLLABORATIVE LTD


Directors	Michael Andrew Brady
	Aline Marjory Hill


Registered Address	Summit House
	4 - 5 Mitchell Street
	Edinburgh
	EH6 7BD


Registered Number	SC627264 (Scotland)

Balance Sheet as at
31 July 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	3		186		-
			186		-
Current assets
Debtors	4	4,091		6,515
Cash at bank and on hand		8,558		15,427
		12,649		21,942
Creditors amounts falling due within one year	5	(12,003)		(21,922)
Net current assets (liabilities)			646		20
Total assets less current liabilities			832		20
Provisions for liabilities			(35)		-
Net assets			797		20
Capital and reserves
Called up share capital			2		2
Profit and loss account			795		18
Shareholders' funds			797		20

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 18 December 2024, and are signed on its behalf by:

Aline Marjory Hill
Director
Registered Company No. SC627264

FOREST SCHOOL TRAINING COLLABORATIVE LTD

Notes to the Financial Statements
for the year ended 31 July 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 

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. 

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. 

Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Fixed assets are stated at cost, being purchase price, less accumulated depreciation.


		Reducing balance (%)
	Office Equipment	25

	Stocks and work in progress
	Stock and work in progress are valued at the lower of cost and net realisable value.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	2		2

3.	Tangible fixed assets

	Office Equipment	Total
	£	£
Cost or valuation
Additions	200	200
At 31 July 24	200	200
Depreciation and impairment
Charge for year	14	14
At 31 July 24	14	14
Net book value
At 31 July 24	186	186
At 31 July 23	-	-

4.	Debtors: amounts due within one year

	2024	2023
	£	£
Trade debtors / trade receivables	1,790	3,621
Other debtors	2,301	2,894
Total	4,091	6,515

5.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	1,668	3,614
Taxation and social security	2,258	2,031
Other creditors	6,781	-
Accrued liabilities and deferred income	1,296	16,277
Total	12,003	21,922