REGISTERED NUMBER: 14048394 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

The Furza Training Group Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

20,365

37,483

CURRENT ASSETS

Stocks

18,000

-

Debtors

5

122,338

134,086

Cash at bank

64,457

91,109

204,795

225,195

CREDITORS

Amounts falling due within one year

6

(516,054

)

(261,699

)

NET CURRENT LIABILITIES

(311,259

)

(36,504

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(290,894

)

979

CREDITORS

Amounts falling due after more than one year

7

(700,000

)

(500,000

)

NET LIABILITIES

(990,894

)

(499,021

)

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

(1,000,894

)

(509,021

)

(990,894

)

(499,021

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 March 2025 and were signed on its behalf by:

Mr E L Beaton - Director

1.	STATUTORY INFORMATION

The Furza Training Group Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

14048394

Registered office:

c/o Gatgeley Legal

Ship Canal House

98 King Street

Manchester

M2 4WU

The prior reporting period has been shortened to a 3 month period to align to calendar year end going forward.

Due to this change, the prior year comparatives are not entirely comparable.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The accounts have been prepared on a going concern basis.

Ongoing financial support is provided by the directors and shareholders of the company.

Board members expect the business to improve over the coming financial period following a period of internal restructuring and an improvement in the external environment.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of VAT and trade discounts.

When the outcome of a transaction can be estimated reliably, turnover from services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to finalisation of work completed.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on cost

Office equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Office

fittings

equipment

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

19,161

39,859

59,020

DEPRECIATION

At 1 January 2024

5,981

15,556

21,537

Charge for year

3,832

13,286

17,118

At 31 December 2024

9,813

28,842

38,655

NET BOOK VALUE

At 31 December 2024

9,348

11,017

20,365

At 31 December 2023

13,180

24,303

37,483

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

84,553

87,273

Other debtors

37,785

46,813

122,338

134,086

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

48,328

10,168

Taxation and social security

86,078

53,433

Other creditors

381,648

198,098

516,054

261,699

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Other creditors

700,000

500,000