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REGISTERED NUMBER: SC354394 (Scotland)












Financial Statements

for the Year Ended 31 August 2024

for

Tala Training Limited

Tala Training Limited (Registered number: SC354394)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Tala Training Limited

Company Information
for the Year Ended 31 August 2024







DIRECTOR: M Markey





REGISTERED OFFICE: Radleigh House
1 Golf Road
Clarkston
Glasgow
G76 7HU





REGISTERED NUMBER: SC354394 (Scotland)





AUDITORS: O'Haras Accountants Limited (Statutory Auditor)
Radleigh House
1 Golf Road
Clarkston
Glasgow
G76 7HU

Tala Training Limited (Registered number: SC354394)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 3 - 1,050
Property, plant and equipment 4 274,174 197,411
274,174 198,461

CURRENT ASSETS
Debtors 5 110,832 53,966
Cash at bank and in hand 387,659 478,030
498,491 531,996
CREDITORS
Amounts falling due within one year 6 478,792 416,083
NET CURRENT ASSETS 19,699 115,913
TOTAL ASSETS LESS CURRENT
LIABILITIES

293,873

314,374

CREDITORS
Amounts falling due after more than one year 7 (68,418 ) (58,534 )

PROVISIONS FOR LIABILITIES (62,162 ) (28,418 )
NET ASSETS 163,293 227,422

CAPITAL AND RESERVES
Called up share capital 59 100
Capital redemption reserve 51 -
Retained earnings 163,183 227,322
SHAREHOLDERS' FUNDS 163,293 227,422

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 director and authorised for issue on 28 May 2025 and were signed by:





M Markey - Director


Tala Training Limited (Registered number: SC354394)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. 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.

Going concern
The directors are satisfied that the Company will have access to sufficient funds to ensure that all liabilities will be met as they fall due over a period of at least 12 months from the approval date of these financial statements. Consequently, the directors consider it appropriate to prepare the financial statements on a going concern basis.

Revenue
Revenue represents the amounts derived from the provision of training courses. Revenue (excluding value added tax and trade discounts) is recognised on delivery of the training course.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 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.

Tala Training Limited (Registered number: SC354394)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

1. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Debtors and creditors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Impairment of fixed assets
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 15 ) .

3. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 September 2023
and 31 August 2024 10,500
AMORTISATION
At 1 September 2023 9,450
Amortisation for year 1,050
At 31 August 2024 10,500
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 1,050

Tala Training Limited (Registered number: SC354394)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2023 4,127 33,743 270,577 36,217 344,664
Additions - 2,087 184,273 9,501 195,861
Disposals - - (132,633 ) - (132,633 )
At 31 August 2024 4,127 35,830 322,217 45,718 407,892
DEPRECIATION
At 1 September 2023 3,650 16,295 92,409 34,899 147,253
Charge for year 72 2,741 46,211 2,194 51,218
Eliminated on disposal - - (64,753 ) - (64,753 )
At 31 August 2024 3,722 19,036 73,867 37,093 133,718
NET BOOK VALUE
At 31 August 2024 405 16,794 248,350 8,625 274,174
At 31 August 2023 477 17,448 178,168 1,318 197,411

Included in the fixed assets are assets held under hire purchase contracts. In respect of these hire purchase contracts, depreciation of £59,389 has been charged and the assets have a net book value of £178,168.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 64,924 46,305
Amounts owed by group undertakings - 156
Other debtors 45,908 7,505
110,832 53,966

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 63,036 61,488
Trade creditors 54,171 27,383
Amounts owed to group undertakings - 245,045
Taxation and social security 48,950 34,873
Other creditors 312,635 47,294
478,792 416,083

Tala Training Limited (Registered number: SC354394)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 68,418 58,534

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

John O'Hara CA (Senior Statutory Auditor)
for and on behalf of O'Haras Accountants Limited (Statutory Auditor)