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Registered Number: 11862744
England and Wales

 

 

 


Unaudited Financial Statements

for the year ended 31 December 2024

for

TRAINING LOUNGE LTD

 
 
 
£
2024
£
   
£
2023
£
Fixed assets 12,455  13,371 
Current assets 2,992  2,925 
Creditors: amount falling due within one year (18,788) (16,587)
Net current assets/(liabilities) (15,796) (13,662)
Total assets less current liabilities (3,341) (291)
Creditors: amount falling due after more than one year (123,212) (123,212)
Net assets/(liabilities) (126,553) (123,503)
 
Capital and reserves (126,553) (123,503)
 
  1. For the year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
  2. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.
  3. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Signed on behalf of the board of directors:


----------------------------------
Olga Clapcott
Director

Date approved: 15 April 2025
1
Statutory Information
TRAINING LOUNGE LTD is a private limited company, limited by shares, domiciled in England and Wales, registration number 11862744, registration address 61c Seamoor Road, Westbourne, Bournemouth, Dorset, BH4 9AE, United Kingdom.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 105 Financial Reporting Standard for Micro Entities (effective January 2016).
Going Concern
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director who has undertaken to provide such support for the foreseeable future.

If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings20% Reducing Balance
Computer Equipment20% Reducing Balance
2.

Tangible fixed assets

Cost or Valuation   Fixtures and Fittings   Computer Equipment   Total
    £   £   £
At 01 January 2024   21,959    1,329    23,288 
Additions   1,777      1,777 
At 31 December 2024   23,736    1,329    25,065 
Depreciation
At 01 January 2024   9,439    478    9,917 
Charge for year   2,522    171    2,693 
At 31 December 2024   11,961    649    12,610 
Net book values
Closing balance as at 31 December 2024   11,775    680    12,455 
Opening balance as at 01 January 2024   12,520    851    13,371 

3.

Average number of employees

Average number of employees during the year was 1 (2023: 1).
2