Registered number
03826869
BVS Training Limited
Filleted Accounts
31 August 2024
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
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