Silverfin false false 31/03/2025 01/04/2024 31/03/2025 C N Cotton 21/11/1991 L J Cotton 10/03/2003 G L Hogg 26/10/2017 J C May 26/10/2017 10 June 2025 The principal activity of the Company during the financial year was the provision of management and development programmes. 02561066 2025-03-31 02561066 bus:Director1 2025-03-31 02561066 bus:Director2 2025-03-31 02561066 bus:Director3 2025-03-31 02561066 bus:Director4 2025-03-31 02561066 2024-03-31 02561066 core:CurrentFinancialInstruments 2025-03-31 02561066 core:CurrentFinancialInstruments 2024-03-31 02561066 core:ShareCapital 2025-03-31 02561066 core:ShareCapital 2024-03-31 02561066 core:CapitalRedemptionReserve 2025-03-31 02561066 core:CapitalRedemptionReserve 2024-03-31 02561066 core:RetainedEarningsAccumulatedLosses 2025-03-31 02561066 core:RetainedEarningsAccumulatedLosses 2024-03-31 02561066 core:Goodwill 2024-03-31 02561066 core:Goodwill 2025-03-31 02561066 core:FurnitureFittings 2024-03-31 02561066 core:FurnitureFittings 2025-03-31 02561066 bus:OrdinaryShareClass1 2025-03-31 02561066 2024-04-01 2025-03-31 02561066 bus:FilletedAccounts 2024-04-01 2025-03-31 02561066 bus:SmallEntities 2024-04-01 2025-03-31 02561066 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 02561066 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 02561066 bus:Director1 2024-04-01 2025-03-31 02561066 bus:Director2 2024-04-01 2025-03-31 02561066 bus:Director3 2024-04-01 2025-03-31 02561066 bus:Director4 2024-04-01 2025-03-31 02561066 core:Goodwill core:TopRangeValue 2024-04-01 2025-03-31 02561066 core:FurnitureFittings 2024-04-01 2025-03-31 02561066 2023-04-01 2024-03-31 02561066 core:Goodwill 2024-04-01 2025-03-31 02561066 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 02561066 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 02561066 (England and Wales)

TRAINING IN ACTION LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

TRAINING IN ACTION LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

TRAINING IN ACTION LIMITED

BALANCE SHEET

As at 31 March 2025
TRAINING IN ACTION LIMITED

BALANCE SHEET (continued)

As at 31 March 2025
Note 2025 2024
£ £
Fixed assets
Intangible assets 3 0 18,850
Tangible assets 4 7,423 8,490
7,423 27,340
Current assets
Debtors 5 5,186 9,842
Cash at bank and in hand 272,077 320,830
277,263 330,672
Creditors: amounts falling due within one year 6 ( 13,116) ( 18,619)
Net current assets 264,147 312,053
Total assets less current liabilities 271,570 339,393
Provision for liabilities 6,371 ( 2,122)
Net assets 277,941 337,271
Capital and reserves
Called-up share capital 7 200 200
Capital redemption reserve 49 49
Profit and loss account 277,692 337,022
Total shareholders' funds 277,941 337,271

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Training in Action Limited (registered number: 02561066) were approved and authorised for issue by the Board of Directors on 10 June 2025. They were signed on its behalf by:

J C May
Director
TRAINING IN ACTION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
TRAINING IN ACTION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Training in Action Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Lyndale House, The Avenue, Truro, TR1 1HT, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of management development programmes. Turnover is shown net of value added tax where applicable.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 10 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Fixtures and fittings 15 - 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including directors 4 4

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 April 2024 316,000 316,000
At 31 March 2025 316,000 316,000
Accumulated amortisation
At 01 April 2024 297,150 297,150
Charge for the financial year 18,850 18,850
At 31 March 2025 316,000 316,000
Net book value
At 31 March 2025 0 0
At 31 March 2024 18,850 18,850

4. Tangible assets

Fixtures and fittings Total
£ £
Cost
At 01 April 2024 95,420 95,420
Additions 808 808
At 31 March 2025 96,228 96,228
Accumulated depreciation
At 01 April 2024 86,930 86,930
Charge for the financial year 1,875 1,875
At 31 March 2025 88,805 88,805
Net book value
At 31 March 2025 7,423 7,423
At 31 March 2024 8,490 8,490

5. Debtors

2025 2024
£ £
Trade debtors 0 3,924
Corporation tax 2,788 2,760
Other debtors 2,398 3,158
5,186 9,842

6. Creditors: amounts falling due within one year

2025 2024
£ £
Trade creditors 1,291 5,406
Other taxation and social security 930 2,874
Other creditors 10,895 10,339
13,116 18,619

7. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
200 Ordinary shares of £ 1.00 each 200 200

8. Ultimate controlling party

Parent Company:

Training in Action Consulting Limited
Lowin House
Tregolls Road
Truro
Cornwall
TR1 2NA