4 01/12/2023 30/11/2024 2024-11-30 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2023-12-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP SC256315 2023-12-01 2024-11-30 SC256315 2024-11-30 SC256315 2023-11-30 SC256315 2022-12-01 2023-11-30 SC256315 2023-11-30 SC256315 2022-11-30 SC256315 core:PlantMachinery 2023-12-01 2024-11-30 SC256315 core:FurnitureFittingsToolsEquipment 2023-12-01 2024-11-30 SC256315 core:MotorVehicles 2023-12-01 2024-11-30 SC256315 bus:RegisteredOffice 2023-12-01 2024-11-30 SC256315 bus:LeadAgentIfApplicable 2023-12-01 2024-11-30 SC256315 bus:Director1 2023-12-01 2024-11-30 SC256315 bus:CompanySecretary1 2023-12-01 2024-11-30 SC256315 core:NetGoodwill 2024-11-30 SC256315 core:PlantMachinery 2023-11-30 SC256315 core:FurnitureFittingsToolsEquipment 2023-11-30 SC256315 core:MotorVehicles 2023-11-30 SC256315 core:PlantMachinery 2024-11-30 SC256315 core:FurnitureFittingsToolsEquipment 2024-11-30 SC256315 core:MotorVehicles 2024-11-30 SC256315 core:WithinOneYear 2024-11-30 SC256315 core:WithinOneYear 2023-11-30 SC256315 core:AfterOneYear 2024-11-30 SC256315 core:AfterOneYear 2023-11-30 SC256315 core:ShareCapital 2024-11-30 SC256315 core:ShareCapital 2023-11-30 SC256315 core:RetainedEarningsAccumulatedLosses 2024-11-30 SC256315 core:RetainedEarningsAccumulatedLosses 2023-11-30 SC256315 core:BetweenOneFiveYears 2024-11-30 SC256315 core:NetGoodwill 2023-11-30 SC256315 core:PlantMachinery 2023-11-30 SC256315 core:FurnitureFittingsToolsEquipment 2023-11-30 SC256315 core:MotorVehicles 2023-11-30 SC256315 bus:SmallEntities 2023-12-01 2024-11-30 SC256315 bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 SC256315 bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 SC256315 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 SC256315 bus:FullAccounts 2023-12-01 2024-11-30
Company registration number: SC256315
Independent Training Solutions Limited
Unaudited filleted financial statements
30 November 2024
Independent Training Solutions Limited
Contents
Directors and other information
Balance sheet
Notes to the financial statements
Independent Training Solutions Limited
Directors and other information
Director A. White
Secretary A. White
Company number SC256315
Registered office Springfield
Winchester Avenue
Denny
Stirlingshire
FK6 6QE
Accountant N Woodburn FCA
100 Station Road
Bannockburn
Stirling
FK7 8JP
Independent Training Solutions Limited
Balance sheet
30 November 2024
2024 2023
Note £ £ £ £
Fixed assets
Intangible assets 5 - -
Tangible assets 6 10,443 13,158
_______ _______
10,443 13,158
Current assets
Debtors 7 60,589 34,000
Cash at bank and in hand 137,277 160,739
_______ _______
197,866 194,739
Creditors: amounts falling due
within one year 8 ( 47,398) ( 42,712)
_______ _______
Net current assets 150,468 152,027
_______ _______
Total assets less current liabilities 160,911 165,185
Creditors: amounts falling due
after more than one year 9 ( 7,500) ( 17,500)
_______ _______
Net assets 153,411 147,685
_______ _______
Capital and reserves
Called up share capital 1 1
Profit and loss account 153,410 147,684
_______ _______
Shareholder funds 153,411 147,685
_______ _______
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 22 July 2025 , and are signed on behalf of the board by:
A. White
Director
Company registration number: SC256315
Independent Training Solutions Limited
Notes to the financial statements
Year ended 30 November 2024
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is Springfield, Winchester Avenue, Denny, Stirlingshire, FK6 6QE.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable services rendered, net of discounts and Value Added Tax.
Revenue from the provision of services is recognised when the service is completed, usually on the issue of an invoice and is reduced for estimated customer rebates and other similar alllowances; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset and has been written off in full now.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 33.33 % reducing balance
Fittings fixtures and equipment - 15 % reducing balance
Motor vehicles - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 4 (2023: 4 ).
5. Intangible assets
Goodwill Total
£ £
Cost
At 1 December 2023 and 30 November 2024 10,700 10,700
_______ _______
Amortisation
At 1 December 2023 and 30 November 2024 10,700 10,700
_______ _______
Carrying amount
At 30 November 2024 - -
_______ _______
At 30 November 2023 - -
_______ _______
6. Tangible assets
Plant and machinery Fixtures, fittings and equipment Motor vehicles Total
£ £ £ £
Cost
At 1 December 2023 24,278 12,035 90,808 127,121
Additions 333 421 - 754
_______ _______ _______ _______
At 30 November 2024 24,611 12,456 90,808 127,875
_______ _______ _______ _______
Depreciation
At 1 December 2023 22,314 10,584 81,065 113,963
Charge for the year 765 280 2,424 3,469
_______ _______ _______ _______
At 30 November 2024 23,079 10,864 83,489 117,432
_______ _______ _______ _______
Carrying amount
At 30 November 2024 1,532 1,592 7,319 10,443
_______ _______ _______ _______
At 30 November 2023 1,964 1,451 9,743 13,158
_______ _______ _______ _______
7. Debtors
2024 2023
£ £
Trade debtors 52,058 26,136
Other debtors 8,531 7,864
_______ _______
60,589 34,000
_______ _______
8. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 11,942 11,542
Trade creditors 13,529 5,928
Corporation tax 5,897 7,829
Social security and other taxes 11,467 10,773
Other creditors 4,563 6,640
_______ _______
47,398 42,712
_______ _______
9. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans and overdrafts 7,500 17,500
_______ _______
10. Operating leases
The company as lessee
The total future minimum lease payments under non-cancellable operating leases are as follows:
£ £
Not later than 1 year 788 -
Later than 1 year and not later than 5 years 1,576 -
_______ _______
2,364 -
_______ _______