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Registration number: 05328288

Training And Assessment Consultants Limited

Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 January 2025

 

Training And Assessment Consultants Limited

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 8

 

Training And Assessment Consultants Limited

Company Information

Directors

Mrs Julie Ann Vinsant

Mr Joel Thomas Vinsant

Mr Joel Edward Vinsant

Mrs Jessie Ann Wheeler

Registered office

Unit 3 Brand Street
Nottingham
Nottinghamshire
NG2 3GW

Accountants

Atkinson Evans Limited
Chartered Certified AccountantsThe Old Drill Hall
10 Arnot Hill Road
Arnold
Nottingham
Nottinghamshire
NG5 6LJ

 

Training And Assessment Consultants Limited

(Registration number: 05328288)
Abridged Balance Sheet as at 31 January 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

424,905

459,580

Investment property

191,000

191,000

 

615,905

650,580

Current assets

 

Debtors

40,260

73,448

Cash at bank and in hand

 

173,752

187,258

 

214,012

260,706

Prepayments and accrued income

 

6,940

8,356

Creditors: Amounts falling due within one year

(93,238)

(117,589)

Net current assets

 

127,714

151,473

Total assets less current liabilities

 

743,619

802,053

Provisions for liabilities

(52,322)

(48,303)

Net assets

 

691,297

753,750

Capital and reserves

 

Called up share capital

5

106

106

Revaluation reserve

156,867

156,867

Retained earnings

534,324

596,777

Shareholders' funds

 

691,297

753,750

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

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 5 August 2025 and signed on its behalf by:
 

 

Training And Assessment Consultants Limited

(Registration number: 05328288)
Abridged Balance Sheet as at 31 January 2025

.........................................
Mr Joel Thomas Vinsant
Director

 

Training And Assessment Consultants Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2025

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Unit 3 Brand Street
Nottingham
Nottinghamshire
NG2 3GW
England

These financial statements were authorised for issue by the Board on 5 August 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

 

Training And Assessment Consultants Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land & Buildings

2% Straight line

Plant & Machinery

15% on Reducing balance

Motor vehicles

25% on Reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Training And Assessment Consultants Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 11 (2024 - 10).

 

Training And Assessment Consultants Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2025

4

Tangible assets

Land and buildings
£

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 February 2024

410,504

55,039

123,364

588,907

Additions

-

5,426

30,885

36,311

Disposals

-

-

(62,389)

(62,389)

At 31 January 2025

410,504

60,465

91,860

562,829

Depreciation

At 1 February 2024

65,207

37,044

27,076

129,327

Charge for the year

8,210

3,126

14,876

26,212

Eliminated on disposal

-

-

(17,615)

(17,615)

At 31 January 2025

73,417

40,170

24,337

137,924

Carrying amount

At 31 January 2025

337,087

20,295

67,523

424,905

At 31 January 2024

345,297

17,995

96,288

459,580

Included within the net book value of land and buildings above is £337,087 (2024 - £345,297) in respect of freehold land and buildings and £Nil (2024 - £Nil) in respect of long leasehold land and buildings.
 

Investment properties

2025
£

At 1 February

191,000

There has been no valuation of investment property by an independent valuer.

5

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

B Dividend of £1 each

1

1

1

1

C Dividend of £1 each

1

1

1

1

D Dividend of £1 each

4

4

4

4

106

106

106

106

 

Training And Assessment Consultants Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2025

6

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:

Revaluation reserve
£

Total
£

Surplus/deficit on property, plant and equipment revaluation

156,867

156,867

The changes to each component of equity resulting from items of other comprehensive income for the prior year were as follows:

Revaluation reserve
£

Total
£

Surplus/deficit on property, plant and equipment revaluation

156,867

156,867