1 false false false false false false false false false false true false false false false false false No description of principal activity 2023-05-01 Sage Accounts Production Advanced 2023 - FRS102_2023 43,964 42,190 266 42,456 1,508 1,774 xbrli:pure xbrli:shares iso4217:GBP 03750786 2023-05-01 2024-04-30 03750786 2024-04-30 03750786 2023-04-30 03750786 2022-05-01 2023-04-30 03750786 2023-04-30 03750786 2022-04-30 03750786 core:PlantMachinery 2023-05-01 2024-04-30 03750786 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 03750786 bus:Director2 2023-05-01 2024-04-30 03750786 core:WithinOneYear 2024-04-30 03750786 core:WithinOneYear 2023-04-30 03750786 core:PlantMachinery 2023-04-30 03750786 core:PlantMachinery 2024-04-30 03750786 core:ShareCapital 2024-04-30 03750786 core:ShareCapital 2023-04-30 03750786 core:RetainedEarningsAccumulatedLosses 2024-04-30 03750786 core:RetainedEarningsAccumulatedLosses 2023-04-30 03750786 core:PlantMachinery 2023-04-30 03750786 bus:SmallEntities 2023-05-01 2024-04-30 03750786 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 03750786 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 03750786 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 03750786 bus:FullAccounts 2023-05-01 2024-04-30 03750786 bus:OrdinaryShareClass1 2024-04-30 03750786 bus:OrdinaryShareClass1 2023-04-30
COMPANY REGISTRATION NUMBER: 03750786
PRIORY TRAINING SERVICES LTD
FILLETED UNAUDITED FINANCIAL STATEMENTS
30 April 2024
PRIORY TRAINING SERVICES LTD
FINANCIAL STATEMENTS
YEAR ENDED 30th APRIL 2024
CONTENTS
PAGES
Statement of financial position
1 to 2
Notes to the financial statements
3 to 5
PRIORY TRAINING SERVICES LTD
STATEMENT OF FINANCIAL POSITION
30 April 2024
2024
2023
Note
£
£
£
£
FIXED ASSETS
Tangible assets
5
1,508
1,774
CURRENT ASSETS
Debtors
6
9,935
11,170
Cash at bank and in hand
10,893
12,092
---------
---------
20,828
23,262
CREDITORS: amounts falling due within one year
7
12,651
14,966
---------
---------
NET CURRENT ASSETS
8,177
8,296
-------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
9,685
10,070
-------
---------
NET ASSETS
9,685
10,070
-------
---------
CAPITAL AND RESERVES
Called up share capital
8
3
3
Profit and loss account
9,682
10,067
-------
---------
SHAREHOLDERS FUNDS
9,685
10,070
-------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30th April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
PRIORY TRAINING SERVICES LTD
STATEMENT OF FINANCIAL POSITION (continued)
30 April 2024
These financial statements were approved by the board of directors and authorised for issue on 13 March 2025 , and are signed on behalf of the board by:
Mrs K. L. Latif
Director
Company registration number: 03750786
PRIORY TRAINING SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30th APRIL 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Old Post Office, 63 Saville Street, North Shields, Tyne and Wear, NE30 1AY.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest £.
Going concern
The financial statements have been prepared on the going concern basis. The director considers that this basis is appropriate following due consideration of the present financial position, the expected prospects of the company during the twelve months from the date of approval of these financial statements and the continued support of the company's director, bankers and other lending agents during this time.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered.
Taxation
The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. 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.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
15% reducing balance
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 the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. TANGIBLE ASSETS
Plant and machinery
£
Cost
At 1st May 2023 and 30th April 2024
43,964
---------
Depreciation
At 1st May 2023
42,190
Charge for the year
266
---------
At 30th April 2024
42,456
---------
Carrying amount
At 30th April 2024
1,508
---------
At 30th April 2023
1,774
---------
6. DEBTORS
2024
2023
£
£
Trade debtors
9,935
11,170
-------
---------
7. CREDITORS: amounts falling due within one year
2024
2023
£
£
Accruals
1,301
1,573
Corporation tax
2,746
3,842
Director loan accounts
8,604
9,551
---------
---------
12,651
14,966
---------
---------
8. CALLED UP SHARE CAPITAL
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
3
3
3
3
----
----
----
----
9. RELATED PARTY TRANSACTIONS
No transactions with related parties were undertaken such as are required to be disclosed under FRS 102 Section 1A small entities.