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REGISTERED NUMBER: 10727328 (England and Wales)








Unaudited Financial Statements

for the Year Ended

30 September 2024

for

Vocation Training Ltd

Vocation Training Ltd (Registered number: 10727328)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Vocation Training Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Miss H Madden
L W Erskine





REGISTERED OFFICE: Church Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT





REGISTERED NUMBER: 10727328 (England and Wales)





ACCOUNTANTS: Nicklin Accountancy Services Limited
Church Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT

Vocation Training Ltd (Registered number: 10727328)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 2,367 3,167

CURRENT ASSETS
Debtors 5 83,181 52,081
Cash at bank and in hand 3,868 25,943
87,049 78,024
CREDITORS
Amounts falling due within one year 6 24,119 54,179
NET CURRENT ASSETS 62,930 23,845
TOTAL ASSETS LESS CURRENT
LIABILITIES

65,297

27,012

CREDITORS
Amounts falling due after more than one year 7 64,929 26,711
NET ASSETS 368 301

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 168 101
SHAREHOLDERS' FUNDS 368 301

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 April 2025 and were signed on its behalf by:





Miss H Madden - Director


Vocation Training Ltd (Registered number: 10727328)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Vocation Training Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

Vocation Training Ltd (Registered number: 10727328)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 October 2023
and 30 September 2024 4,455 958 5,413
DEPRECIATION
At 1 October 2023 1,321 925 2,246
Charge for year 784 16 800
At 30 September 2024 2,105 941 3,046
NET BOOK VALUE
At 30 September 2024 2,350 17 2,367
At 30 September 2023 3,134 33 3,167

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 16,724 15,442
Other debtors 16,250 4,250
Directors' loan accounts 31,122 -
VAT 557 5,161
Prepayments and accrued income 18,528 27,228
83,181 52,081

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 7,377 13,112
Tax 13,084 25,556
Social security and other taxes 2,393 3,850
Directors' loan accounts - 10,396
Accrued expenses 1,265 1,265
24,119 54,179

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 64,929 26,711

Vocation Training Ltd (Registered number: 10727328)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
Miss H Madden
Balance outstanding at start of year (19 ) 2,996
Amounts advanced 49,406 53,496
Amounts repaid (33,920 ) (56,511 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 15,467 (19 )

L W Erskine
Balance outstanding at start of year (10,377 ) (5,713 )
Amounts advanced 59,609 51,763
Amounts repaid (33,577 ) (56,427 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 15,655 (10,377 )