IRIS Accounts Production v25.1.3.33 03963027 Board of Directors 1.4.24 31.3.25 31.3.25 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh039630272024-03-31039630272025-03-31039630272024-04-012025-03-31039630272023-03-31039630272023-04-012024-03-31039630272024-03-3103963027ns15:EnglandWales2024-04-012025-03-3103963027ns14:PoundSterling2024-04-012025-03-3103963027ns10:Director12024-04-012025-03-3103963027ns10:PrivateLimitedCompanyLtd2024-04-012025-03-3103963027ns10:SmallEntities2024-04-012025-03-3103963027ns10:AuditExempt-NoAccountantsReport2024-04-012025-03-3103963027ns10:SmallCompaniesRegimeForDirectorsReport2024-04-012025-03-3103963027ns10:SmallCompaniesRegimeForAccounts2024-04-012025-03-3103963027ns10:FullAccounts2024-04-012025-03-310396302712024-04-012025-03-3103963027ns10:Director22024-04-012025-03-3103963027ns10:CompanySecretary12024-04-012025-03-3103963027ns10:RegisteredOffice2024-04-012025-03-3103963027ns5:CurrentFinancialInstruments2025-03-3103963027ns5:CurrentFinancialInstruments2024-03-3103963027ns5:ShareCapital2025-03-3103963027ns5:ShareCapital2024-03-3103963027ns5:RetainedEarningsAccumulatedLosses2025-03-3103963027ns5:RetainedEarningsAccumulatedLosses2024-03-3103963027ns5:NetGoodwill2024-04-012025-03-3103963027ns5:LeaseholdImprovements2024-04-012025-03-3103963027ns5:PlantMachinery2024-04-012025-03-3103963027ns5:FurnitureFittings2024-04-012025-03-3103963027ns5:ComputerEquipment2024-04-012025-03-3103963027ns5:NetGoodwill2024-03-3103963027ns5:NetGoodwill2025-03-3103963027ns5:NetGoodwill2024-03-3103963027ns5:LeaseholdImprovements2024-03-3103963027ns5:PlantMachinery2024-03-3103963027ns5:FurnitureFittings2024-03-3103963027ns5:ComputerEquipment2024-03-3103963027ns5:LeaseholdImprovements2025-03-3103963027ns5:PlantMachinery2025-03-3103963027ns5:FurnitureFittings2025-03-3103963027ns5:ComputerEquipment2025-03-3103963027ns5:LeaseholdImprovements2024-03-3103963027ns5:PlantMachinery2024-03-3103963027ns5:FurnitureFittings2024-03-3103963027ns5:ComputerEquipment2024-03-3103963027ns5:WithinOneYearns5:CurrentFinancialInstruments2025-03-3103963027ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3103963027ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2025-03-3103963027ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2024-03-3103963027ns5:WithinOneYear2025-03-3103963027ns5:WithinOneYear2024-03-3103963027ns5:BetweenOneFiveYears2025-03-3103963027ns5:BetweenOneFiveYears2024-03-3103963027ns5:MoreThanFiveYears2025-03-3103963027ns5:MoreThanFiveYears2024-03-3103963027ns5:AllPeriods2025-03-3103963027ns5:AllPeriods2024-03-31
REGISTERED NUMBER: 03963027 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Fairway Training Limited

Fairway Training Limited (Registered number: 03963027)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Fairway Training Limited

Company Information
for the Year Ended 31 March 2025







DIRECTORS: A Shirley
D A Shirley





SECRETARY: Mrs S K Shirley





REGISTERED OFFICE: Prospect House
Fishing Line Road
Redditch
Worcestershire
B97 6EW





REGISTERED NUMBER: 03963027 (England and Wales)





ACCOUNTANTS: Attwoods
Chartered Certified Accountants
182 Worcester Road
Bromsgrove
Worcestershire
B61 7AZ

Fairway Training Limited (Registered number: 03963027)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 67,119 104,242
67,119 104,242

CURRENT ASSETS
Debtors 6 46,210 29,661
Cash at bank and in hand 991,973 979,810
1,038,183 1,009,471
CREDITORS
Amounts falling due within one year 7 260,783 277,032
NET CURRENT ASSETS 777,400 732,439
TOTAL ASSETS LESS CURRENT
LIABILITIES

844,519

836,681

PROVISIONS FOR LIABILITIES 10,658 18,595
NET ASSETS 833,861 818,086

CAPITAL AND RESERVES
Called up share capital 51 51
Retained earnings 833,810 818,035
SHAREHOLDERS' FUNDS 833,861 818,086

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

Fairway Training Limited (Registered number: 03963027)

Balance Sheet - continued
31 March 2025


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 3 June 2025 and were signed on its behalf by:





A Shirley - Director


Fairway Training Limited (Registered number: 03963027)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Fairway Training Limited 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of two years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Office equipment - 33% on cost
Fixtures and fittings - 20% on cost
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.

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.

Fairway Training Limited (Registered number: 03963027)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

2. ACCOUNTING POLICIES - continued

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 60 (2024 - 62 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024
and 31 March 2025 30,000
AMORTISATION
At 1 April 2024
and 31 March 2025 30,000
NET BOOK VALUE
At 31 March 2025 -
At 31 March 2024 -

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Office and Computer
property equipment fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2024 34,452 20,031 40,944 193,287 288,714
Additions 2,075 - 4,644 10,940 17,659
At 31 March 2025 36,527 20,031 45,588 204,227 306,373
DEPRECIATION
At 1 April 2024 2,871 20,031 17,488 144,082 184,472
Charge for year 3,479 - 5,813 45,490 54,782
At 31 March 2025 6,350 20,031 23,301 189,572 239,254
NET BOOK VALUE
At 31 March 2025 30,177 - 22,287 14,655 67,119
At 31 March 2024 31,581 - 23,456 49,205 104,242

Fairway Training Limited (Registered number: 03963027)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

6. DEBTORS
31.3.25 31.3.24
£    £   
Amounts falling due within one year:
Trade debtors 1,014 1,119
Other debtors 38,592 28,542
39,606 29,661

Amounts falling due after more than one year:
Other debtors 6,604 -

Aggregate amounts 46,210 29,661

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade creditors 6,368 16,956
Taxation and social security 200,123 206,338
Other creditors 54,292 53,738
260,783 277,032

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.25 31.3.24
£    £   
Within one year 67,433 69,576
Between one and five years 103,884 360,672
In more than five years - 406,912
171,317 837,160

Fairway Training Limited (Registered number: 03963027)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

9. CHARITABLE DONATIONS AND EXPENDITURE

The board authorised charitable donations of £56,940 (2024 - £60,199) during the year. £47,580 of this has been paid to Compassion UK for a project in Burkina Faso.

Ensure Reliable Water for six communities in Burkina Faso
This intervention will create a reliable and safe water supply by building six water storage systems, increasing water storage capacity across six child development centres for the cost of just £33 per person. Total project cost = £47,580 and will provide clean water access to 1456 children, their families and community across six child development centres.
Burkina Faso has one of the lowest rates of access to drinking water in the world. Communities throughout the Centre-East and Western regions of Burkina Faso face regular water shortages. People often go days without access to water in the taps. Despite abundant rainfall, electricity is intermittent, causing water pumps to fail, leaving children without safe water
to drink or wash their hands. Without good hygiene habits, many children are suffering from waterborne diseases, such as diarrhoea, typhoid, and dysentery. By installing modern water storage systems connected to the national water grid and building handwashing stations, this intervention will ensure a reliable and affordable supply of safe water. Additionally, hygiene training will promote healthy practices among children, contributing to a healthier environment and improved quality of life. The water storage systems will be connected to the national water grid, ensuring long-term sustainability.

In addition to this donations were made to Birmingham Childrens Hospital Charity as part of their Changemakers programme of £7,500.

The remaining value of £1,860 was made in sponsoring five Rwandan Children through Compassion UK.

Accruals included within donations for amounts agreed by directors in the next financial year are £50,000 (2024 £50,000).