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REGISTERED NUMBER: 07799750 (England and Wales)











Financial Statements

for the Year Ended 31 October 2024

for

THE TRAINING EFFECT LTD

THE TRAINING EFFECT LTD (REGISTERED NUMBER: 07799750)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE TRAINING EFFECT LTD

Company Information
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTOR: M Bowles





REGISTERED OFFICE: 2 Court Lodge Cottages
Hastingleigh
Ashford
Kent
TN25 5HN





REGISTERED NUMBER: 07799750 (England and Wales)





ACCOUNTANTS: Kemp Carr Brown & Co.
Appletree Office
Frith Road
Aldington
Ashford
Kent
TN25 7HJ

THE TRAINING EFFECT LTD (REGISTERED NUMBER: 07799750)

Balance Sheet
31 OCTOBER 2024

31.10.24 31.10.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 6,998 5,735

CURRENT ASSETS
Debtors 5 529 1,359
Cash at bank 151,446 164,232
151,975 165,591
CREDITORS
Amounts falling due within one year 6 131,806 130,157
NET CURRENT ASSETS 20,169 35,434
TOTAL ASSETS LESS CURRENT
LIABILITIES

27,167

41,169

PROVISIONS FOR LIABILITIES 1,613 1,334
NET ASSETS 25,554 39,835

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 25,544 39,825
SHAREHOLDERS' FUNDS 25,554 39,835

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 TRAINING EFFECT LTD (REGISTERED NUMBER: 07799750)

Balance Sheet - continued
31 OCTOBER 2024


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 6 June 2025 and were signed by:





M Bowles - Director


THE TRAINING EFFECT LTD (REGISTERED NUMBER: 07799750)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 OCTOBER 2024

1. STATUTORY INFORMATION

The Training Effect 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.
Plant and machinery - 10% on cost
Fixtures and fittings - 15% on reducing balance
Computer equipment - 20% on reducing balance

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.

THE TRAINING EFFECT LTD (REGISTERED NUMBER: 07799750)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

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 4 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 November 2023 4,491 5,730 12,159 22,380
Additions - 1,400 1,844 3,244
At 31 October 2024 4,491 7,130 14,003 25,624
DEPRECIATION
At 1 November 2023 3,970 3,919 8,756 16,645
Charge for year 450 482 1,049 1,981
At 31 October 2024 4,420 4,401 9,805 18,626
NET BOOK VALUE
At 31 October 2024 71 2,729 4,198 6,998
At 31 October 2023 521 1,811 3,403 5,735

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Other debtors - 3
Directors' loan accounts 11 -
Prepayments 518 1,356
529 1,359

THE TRAINING EFFECT LTD (REGISTERED NUMBER: 07799750)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade creditors 10,752 6,714
Tax 25,020 22,191
Social security and other taxes 28 11
VAT 1,456 6,681
Other creditors 38,300 38,300
Directors' loan accounts - 10
Accruals and deferred income 56,250 56,250
131,806 130,157