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TRADING COLLEGE LTD

Registered Number
07080671
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2024

TRADING COLLEGE LTD
Company Information
for the year from 1 January 2024 to 31 December 2024

Directors

Lee Robert Sandford
Tamasine Kate Early

Registered Address

Sandford House
1b Claremont Road
Teddington
TW11 8DH

Registered Number

07080671 (England and Wales)
TRADING COLLEGE LTD
Balance Sheet as at
31 December 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets36,66710,000
Tangible assets42,1377,108
8,80417,108
Current assets
Debtors5287,845255,202
Cash at bank and on hand59,541127,030
347,386382,232
Creditors amounts falling due within one year6(232,001)(271,093)
Net current assets (liabilities)115,385111,139
Total assets less current liabilities124,189128,247
Net assets124,189128,247
Capital and reserves
Called up share capital100100
Profit and loss account124,089128,147
Shareholders' funds124,189128,247
The financial statements were approved and authorised for issue by the Board of Directors on 14 April 2025, and are signed on its behalf by:
Lee Robert Sandford
Director
Registered Company No. 07080671
TRADING COLLEGE LTD
Notes to the Financial Statements
for the year ended 31 December 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. 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 accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Turnover policy
The turnover shown in the profit and loss account represents amounts receivable during the period, exclusive of value added tax. Revenue is recognised upon the sale of goods and the provision of training courses.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Operating leases
Where, substantially, all the risks and rewards of ownership of the asset do not transfer from the lessor to the company, the lease is treated as an operating lease. Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
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.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Amortisation
Development Costs are being amortised evenly over their estimated useful life of three years.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Plant and machinery25
Fixtures and fittings25
Vehicles25
Office Equipment25
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment. Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment.
2.Average number of employees

20242023
Average number of employees during the year79
3.Intangible assets

Total

£
Cost or valuation
At 01 January 2421,345
At 31 December 2421,345
Amortisation and impairment
At 01 January 2411,345
Charge for year3,333
At 31 December 2414,678
Net book value
At 31 December 246,667
At 31 December 2310,000
4.Tangible fixed assets

Total

£
Cost or valuation
At 01 January 2459,075
Additions(2,750)
At 31 December 2456,325
Depreciation and impairment
At 01 January 2451,966
Charge for year2,909
On disposals(687)
At 31 December 2454,188
Net book value
At 31 December 242,137
At 31 December 237,108
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables208,021241,125
Other debtors75,9817,788
Prepayments and accrued income3,8436,289
Total287,845255,202
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables22,41332,077
Taxation and social security64,78369,455
Other creditors8,2657,459
Accrued liabilities and deferred income136,540162,102
Total232,001271,093
7.Pension commitments
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.
8.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
Lee Robert Sandford(6,125)288,908209,13273,651
(6,125)288,908209,13273,651
9.Related party transactions
During the year, total dividends of £120,000 (2023- £150,000) were paid to the director. The company was under the control of Mr L R Sandford throughout the current and previous period. Mr L R Sandford is the managing director and 100% shareholder. Included Directors Loan Account due from £73,651.20. (2023: (£6,125)) The company owes £170 to Intercompany LeeSanford.com as on year end.