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Straight A Training Limited

Registered Number
03723031
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2025

Straight A Training Limited
Company Information
for the year from 1 April 2024 to 31 March 2025

Directors

Mathew James Nutt
Jayne Raftery

Company Secretary

Jayne Raftery

Registered Address

Unit 4 City Limits
Danehill
Reading
RG6 4UP

Registered Number

03723031 (England and Wales)
Straight A Training Limited
Balance Sheet as at
31 March 2025

Notes

2025

2024

£

£

£

£

Fixed assets
Tangible assets49,0617,454
9,0617,454
Current assets
Debtors19,741-
Cash at bank and on hand137,713187,760
157,454187,760
Creditors amounts falling due within one year5(62,695)(83,629)
Net current assets (liabilities)94,759104,131
Total assets less current liabilities103,820111,585
Creditors amounts falling due after one year6(1,692)(11,713)
Provisions for liabilities7(2,265)(1,864)
Net assets99,86398,008
Capital and reserves
Called up share capital1010
Profit and loss account99,85397,998
Shareholders' funds99,86398,008
The financial statements were approved and authorised for issue by the Board of Directors on 22 August 2025, and are signed on its behalf by:
Jayne Raftery
Director
Mathew James Nutt
Director

Registered Company No. 03723031
Straight A Training Limited
Notes to the Financial Statements
for the year ended 31 March 2025

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
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).
Going concern
The accounts are prepared on a going concern basis as the Directors have considered the financial position of the Company. Sufficient finance is available for the company to continue trading for the foreseeable future.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Revenue from rendering of services
Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Employee benefits
The company operates a defined contribution pension scheme. Contributions payable to the company’s pension scheme are charged to the profit and loss account in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
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.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows;
Finance leases and hire purchase contracts
The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability. Rentals paid under operating leases are charged to the profit and loss on a straight-line basis over the period of the lease.
2.Average number of employees

20252024
Average number of employees during the year1816
3.Deferred tax
Increases in the UK Corporation tax rate from 19% to 25% (19% effective from 1 April 2017, and 25% effective from 1 April 2023) have been substantively enacted. This will impact the company's future tax charge accordingly. The value of the deferred tax assets at the balance sheet date has been calculated using the applicable rate when the asset is expected to be realised.
4.Tangible fixed assets

Fixtures & fittings

Office Equipment

Total

£££
Cost or valuation
At 01 April 2410,06348,14658,209
Additions-3,8723,872
At 31 March 2510,06352,01862,081
Depreciation and impairment
At 01 April 249,64341,11250,755
Charge for year842,1812,265
At 31 March 259,72743,29353,020
Net book value
At 31 March 253368,7259,061
At 31 March 244207,0347,454
5.Creditors: amounts due within one year

2025

2024

££
Trade creditors / trade payables10,72321,255
Bank borrowings and overdrafts10,00010,000
Taxation and social security41,97249,980
Accrued liabilities and deferred income-2,394
Total62,69583,629
6.Creditors: amounts due after one year

2025

2024

££
Bank borrowings and overdrafts1,69211,713
Total1,69211,713
7.Provisions for liabilities

2025

2024

££
Net deferred tax liability (asset)2,2651,864
Total2,2651,864
8.Other commitments
The total amount of financial commitments not included in the balance sheet is £48,471.67 (2024 - £17,516.72). The Company has non-cancellable lease commitments on fleet motor vehicles.
9.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
Mathew James Nutt(4,503)64,09852,0007,595
Jayne Raftery(108)90,25378,00012,145
(4,611)154,351130,00019,740
The outstanding amounts are repayable on demand, have no set repayment terms and are subject to interest at the HMRC official rate.