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Registered number: 05698316









Cumbria ATA Limited









Financial statements

Information for filing with the registrar

For the Period Ended 31 July 2024

 
Cumbria ATA Limited
Registered number: 05698316

Statement of Financial Position
As at 31 July 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
-
47,360

Cash at bank and in hand
 5 
75,192
133,686

  
75,192
181,046

Creditors: amounts falling due within one year
 6 
(45)
(105,034)

Net current assets
  
 
 
75,147
 
 
76,012

  

Net assets
  
75,147
76,012


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
75,146
76,011

  
75,147
76,012


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




M Evans
Director

Date: 13 June 2025

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
Cumbria ATA Limited
 
 
 
Notes to the Financial Statements
For the Period Ended 31st July 2024

1.


General information

Cumbria ATA Limited is a private company limited by shares, incorporated in England and Wales, registered number 05698316. The address of the registered office is Centre for Advanced Manufacturing & Nuclear Skills, Blackwood Road, Lillyhall Industrial Estate, Lillyhall, Workington, Cumbria, CA14 4JJ. The principal activity is that of an apprenticeship training academy.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors have assessed the Company's ability to continue as a going concern in accordance with FRS 102.
It is the intention of the directors to liquidate the Company within 12 months of the balance sheet date. The Company's assets will be realised and distributed to creditors in accordance with applicable legal and regulatory requirements. Consequently, the accounts have been prepared on a basis other then going concern.

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 2

 
Cumbria ATA Limited
 
 
 
Notes to the Financial Statements
For the Period Ended 31st July 2024

2.Accounting policies (continued)

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.


 
2.5

Debtors

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.

 
2.6

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.7

Creditors

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.

 
2.8

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.


3.


Employees

The average monthly number of employees, including directors, during the period was 16 (2023 - 30).

Page 3

 
Cumbria ATA Limited
 
 
 
Notes to the Financial Statements
For the Period Ended 31st July 2024

4.


Debtors

2024
2023
£
£


Trade debtors
-
47,360



5.


Cash

2024
2023
£
£

Cash at bank and in hand
75,192
133,686



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
-
47,543

Corporation tax
45
62

Other taxation and social security
-
54,734

Other creditors
-
2,695

45
105,034



7.


Controlling party

The immediate parent undertaking is GEN II Engineering & Technology Training Limited, a company registered in England and Wales, company number 03804696.
The ultimate parent company of Cumbria ATA Limited is the City and Guilds of London Institute, a Royal Charter Company incorporated in England and Wales, registration number RC000117.


8.


Auditors' information

The auditors' report on the financial statements for the period ended 31st July 2024 was unqualified.

The audit report was signed on 15 June 2025 by Helen Besant-Roberts (Senior Statutory Auditor) on behalf of Hurst Accountants Limited.

 
Page 4