| BVS Training Limited |
| Registered number: |
03826869 |
| Balance Sheet |
| as at 31 August 2024 |
|
| Notes |
|
|
2024 |
|
|
2023 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
3 |
|
|
147,593 |
|
|
84,494 |
| Tangible assets |
4 |
|
|
13,671 |
|
|
16,966 |
|
|
|
|
161,264 |
|
|
101,460 |
|
| Current assets |
| Stocks |
|
|
3,500 |
|
|
3,500 |
| Debtors |
5 |
|
22,045 |
|
|
18,868 |
| Cash at bank and in hand |
|
|
262,692 |
|
|
251,245 |
|
|
|
288,237 |
|
|
273,613 |
|
| Creditors: amounts falling due within one year |
6 |
|
(364,614) |
|
|
(84,295) |
|
| Net current (liabilities)/assets |
|
|
|
(76,377) |
|
|
189,318 |
|
| Total assets less current liabilities |
|
|
|
84,887 |
|
|
290,778 |
|
|
| Provisions for liabilities |
|
|
|
(3,650) |
|
|
(3,650) |
|
|
| Net assets |
|
|
|
81,237 |
|
|
287,128 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
81,137 |
|
|
287,028 |
|
| Shareholder's funds |
|
|
|
81,237 |
|
|
287,128 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Mr L Bond |
| Director |
| Approved by the board on 22.08.2025 |
|
| BVS Training Limited |
| Notes to the Accounts |
| for the year ended 31 August 2024 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover represents the value of services rendered net of value added tax to the care industry .The director trialled a subscription basis of income generation over a 3 year period during the Covid times. Due to the then prevailing uncertain times , the income was recognised as and when received . However, since post Covid it has proved to be a popular model for its customers. Therefore from this year on, the policy has been made permannet and income is now recognised on a performance basis and the amount received for future years has been carried forward and showed as deffered income In Note 6 , in accordance with GAAP. There has been no prior year adjustment as the Director does not consider it to be a material error. |
|
|
Development and portal costs |
|
This represents the costs of producing , upgrading and creating eLearning courses for the care industry and website portal costs.. The costs are amortised over the expected useful lives and indicated in Note 3 to the accounts |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Plant machinery |
25% on reducing balance |
|
Fixtures, fittings, tools and equipment |
25% on reducing balance |
|
|
Stocks |
|
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
| 2 |
Employees |
2024 |
|
2023 |
| Number |
Number |
|
|
Average number of persons employed by the company |
6 |
|
5 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Course materials & Portal costs |
£ |
|
|
|
Cost |
|
At 1 September 2023 |
226,459 |
|
Additions |
111,420 |
|
At 31 August 2024 |
337,879 |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 September 2023 |
141,965 |
|
Provided during the year |
48,321 |
|
At 31 August 2024 |
190,286 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 August 2024 |
147,593 |
|
At 31 August 2023 |
84,494 |
|
|
|
|
|
|
|
|
|
|
The agggregate costs here is a combination of Course materials and website portal costs . The basis of amortisation has changed whereby the course materials having a longer life are amortised over 10 years and portal costs over 5 years in line with current usages. This merely represents a change in estimates and not a change in policy. |
|
|
| 4 |
Tangible fixed assets |
|
|
Fixtures & Fittings |
|
Plant and machinery etc |
|
Office Equipment |
|
Total |
| £ |
£ |
£ |
£ |
|
Cost |
|
At 1 September 2023 |
15,374 |
|
81,588 |
|
99,955 |
|
196,917 |
|
Additions |
129 |
|
- |
|
1,091 |
|
1,220 |
|
At 31 August 2024 |
15,503 |
|
81,588 |
|
101,046 |
|
198,137 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 September 2023 |
15,373 |
|
76,124 |
|
88,456 |
|
179,953 |
|
Charge for the year |
- |
|
1,366 |
|
3,147 |
|
4,513 |
|
At 31 August 2024 |
15,373 |
|
77,490 |
|
91,603 |
|
184,466 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 August 2024 |
130 |
|
4,098 |
|
9,443 |
|
13,671 |
|
At 31 August 2023 |
1 |
|
5,464 |
|
11,499 |
|
16,964 |
|
|
| 5 |
Debtors |
2024 |
|
2023 |
| £ |
£ |
|
|
Trade debtors |
17,628 |
|
14,439 |
|
Other debtors |
4,417 |
|
4,429 |
|
|
|
|
|
|
22,045 |
|
18,868 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
| £ |
£ |
|
|
Drectors Loans/ Credit card |
17,046 |
|
11,787 |
|
Bank Overdraft. |
1,678 |
|
1,579 |
|
Trade creditors |
26,917 |
|
18,244 |
|
Deferred Income |
|
292,588 |
|
- |
|
Taxation and social security costs |
26,385 |
|
41,951 |
|
Other creditors. |
- |
|
10,734 |
|
|
|
|
|
|
364,614 |
|
84,295 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Other information |
|
|
BVS Training Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Suite 139 |
|
The Light Box |
|
111 Power Road |
|
Chiswick. London |
|
W4 5 PY |