10 9 Central Training Services Ltd. SC200732 false 2023-11-01 2024-10-31 2024-10-31 The principal activity of the company is the provision of training services. Digita Accounts Production Advanced 6.30.9574.0 true SC200732 2023-11-01 2024-10-31 SC200732 2024-10-31 SC200732 core:RetainedEarningsAccumulatedLosses 2024-10-31 SC200732 core:ShareCapital 2024-10-31 SC200732 core:HirePurchaseContracts core:CurrentFinancialInstruments 2024-10-31 SC200732 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2024-10-31 SC200732 core:CurrentFinancialInstruments 2024-10-31 SC200732 core:CurrentFinancialInstruments core:WithinOneYear 2024-10-31 SC200732 core:Non-currentFinancialInstruments 2024-10-31 SC200732 core:Non-currentFinancialInstruments core:AfterOneYear 2024-10-31 SC200732 core:LandBuildings core:OwnedOrFreeholdAssets 2024-10-31 SC200732 core:MotorVehicles 2024-10-31 SC200732 core:OfficeEquipment 2024-10-31 SC200732 core:PlantMachinery 2024-10-31 SC200732 bus:SmallEntities 2023-11-01 2024-10-31 SC200732 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 SC200732 bus:FilletedAccounts 2023-11-01 2024-10-31 SC200732 bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 SC200732 bus:RegisteredOffice 2023-11-01 2024-10-31 SC200732 bus:CompanySecretaryDirector2 2023-11-01 2024-10-31 SC200732 bus:Director1 2023-11-01 2024-10-31 SC200732 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 SC200732 bus:Agent1 2023-11-01 2024-10-31 SC200732 core:Buildings 2023-11-01 2024-10-31 SC200732 core:ComputerEquipment 2023-11-01 2024-10-31 SC200732 core:LandBuildings core:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 SC200732 core:MotorVehicles 2023-11-01 2024-10-31 SC200732 core:OfficeEquipment 2023-11-01 2024-10-31 SC200732 core:PlantMachinery 2023-11-01 2024-10-31 SC200732 countries:Scotland 2023-11-01 2024-10-31 SC200732 2023-10-31 SC200732 core:LandBuildings core:OwnedOrFreeholdAssets 2023-10-31 SC200732 core:MotorVehicles 2023-10-31 SC200732 core:OfficeEquipment 2023-10-31 SC200732 core:PlantMachinery 2023-10-31 SC200732 2022-11-01 2023-10-31 SC200732 2023-10-31 SC200732 core:RetainedEarningsAccumulatedLosses 2023-10-31 SC200732 core:ShareCapital 2023-10-31 SC200732 core:HirePurchaseContracts core:CurrentFinancialInstruments 2023-10-31 SC200732 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2023-10-31 SC200732 core:CurrentFinancialInstruments 2023-10-31 SC200732 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 SC200732 core:Non-currentFinancialInstruments 2023-10-31 SC200732 core:Non-currentFinancialInstruments core:AfterOneYear 2023-10-31 SC200732 core:LandBuildings core:OwnedOrFreeholdAssets 2023-10-31 SC200732 core:MotorVehicles 2023-10-31 SC200732 core:OfficeEquipment 2023-10-31 SC200732 core:PlantMachinery 2023-10-31 xbrli:pure iso4217:GBP

Registration number: SC200732

Central Training Services Ltd.

Unaudited Filleted Financial Statements

for the Year Ended 31 October 2024

 

Central Training Services Ltd.

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

Accountants' Report

8

 

Central Training Services Ltd.

Company Information

Directors

Mr Allan Bryce Thomson

Mrs Suzanne Aramayo

Company secretary

Mrs Suzanne Aramayo

Registered office

5 Links Court Industrial Estate
Boness
Lothian
EH51 9UD

Accountants

EQ Accountants Ltd Unit 4B
Gateway Business Park
Beancross Road
Grangemouth
FK3 8WX

 

Central Training Services Ltd.

(Registration number: SC200732)
Balance Sheet as at 31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

124,237

98,234

Current assets

 

Debtors

5

50,339

51,557

Cash at bank and in hand

 

64,688

70,256

 

115,027

121,813

Creditors: Amounts falling due within one year

6

(143,025)

(133,130)

Net current liabilities

 

(27,998)

(11,317)

Total assets less current liabilities

 

96,239

86,917

Creditors: Amounts falling due after more than one year

6

(48,385)

(54,617)

Provisions for liabilities

(21,846)

(13,719)

Net assets

 

26,008

18,581

Capital and reserves

 

Called up share capital

11

11

Retained earnings

25,997

18,570

Shareholders' funds

 

26,008

18,581

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:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 19 March 2025 and signed on its behalf by:
 

.........................................
Mr Allan Bryce Thomson
Director

 

Central Training Services Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Prior period errors

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Central Training Services Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Improvements to property

Reducing balance at 25%

Plant and machinery

Reducing balance at 25%

Motor vehicles

Reducing balance at 25%

Computer equipment

Straight line at 33%

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual
arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any
contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

 

3

Employees and Directors

The average number of persons employed by the company (including directors) during the year, was 10 (2023 - 9).

 

Central Training Services Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

4

Tangible assets

Land and buildings
£

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Cost or valuation

At 1 November 2023

2,100

89,322

38,918

141,928

Additions

-

-

-

88,690

Disposals

-

(7,000)

-

(41,775)

At 31 October 2024

2,100

82,322

38,918

188,843

Depreciation

At 1 November 2023

2,079

72,684

38,918

60,353

Charge for the year

5

4,029

-

37,379

Eliminated on disposal

-

(6,475)

-

(21,026)

At 31 October 2024

2,084

70,238

38,918

76,706

Carrying amount

At 31 October 2024

16

12,084

-

112,137

At 31 October 2023

21

16,638

-

81,575

Total
£

Cost or valuation

At 1 November 2023

272,268

Additions

88,690

Disposals

(48,775)

At 31 October 2024

312,183

Depreciation

At 1 November 2023

174,034

Charge for the year

41,413

Eliminated on disposal

(27,501)

At 31 October 2024

187,946

Carrying amount

At 31 October 2024

124,237

At 31 October 2023

98,234

Included within the net book value of land and buildings above is £16 (2023 - £21) in respect of freehold land and buildings.
 

 

Central Training Services Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

5

Debtors

Current

2024
£

2023
£

Trade debtors

50,339

51,557

 

50,339

51,557

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

66,158

49,066

Trade creditors

 

3,354

16,856

Taxation and social security

 

31,977

27,688

Other creditors

 

41,536

39,520

 

143,025

133,130

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

48,385

54,617

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

5,833

15,833

Hire purchase contracts

42,552

38,784

48,385

54,617

Current loans and borrowings

2024
£

2023
£

Bank borrowings

10,000

10,000

Hire purchase contracts

56,158

39,066

66,158

49,066

 

Central Training Services Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

8

Related party transactions

Creditors include the following amounts which are owed to individuals who were directors of the company during the year:

2024
 £

2023
 £

Mr A B Thomson

30,664

12,729

Mrs S Aramayo

634

3,095

 

31,298

15,824

The maximum balance outstanding during the year amounted to £31,298.

The directors current accounts are repayable on demand.

Included within other creditors is an amount of £8,895 (2023: £13,068) which is owed to a shareholder, Michelle Trevis-Smith. This loan is repayable on demand.
 

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Central Training Services Ltd.
for the Year Ended 31 October 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Central Training Services Ltd. for the year ended 31 October 2024 as set out on pages 2 to 7 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of Central Training Services Ltd., as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Central Training Services Ltd. and state those matters that we have agreed to state to the Board of Directors of Central Training Services Ltd., as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Central Training Services Ltd. and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Central Training Services Ltd. has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Central Training Services Ltd.. You consider that Central Training Services Ltd. is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Central Training Services Ltd.. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

EQ Accountants Ltd
Unit 4B
Gateway Business Park
Beancross Road
Grangemouth
FK3 8WX

19 March 2025