Company Registration No. 08308146 (England and Wales)
INDISPENSABLE TRAINING LIMITED
Unaudited accounts
for the year ended 31 December 2024
INDISPENSABLE TRAINING LIMITED
Unaudited accounts
Contents
INDISPENSABLE TRAINING LIMITED
Company Information
for the year ended 31 December 2024
Company Number
08308146 (England and Wales)
Registered Office
23 ROYAL VIEW VICTORIA BRIDGE ROAD
BATH
BA2 3GG
ENGLAND
INDISPENSABLE TRAINING LIMITED
Statement of financial position
as at 31 December 2024
Tangible assets
242,378
252,643
Cash at bank and in hand
2,324
5,342
Creditors: amounts falling due within one year
(43,079)
(62,027)
Net current liabilities
(10,859)
(19,718)
Total assets less current liabilities
231,519
232,925
Provisions for liabilities
Deferred tax
(5,358)
(5,725)
Net assets
226,161
227,200
Called up share capital
200
200
Profit and loss account
225,961
227,000
Shareholders' funds
226,161
227,200
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 September 2025 and were signed on its behalf by
C V Marletta
Director
Company Registration No. 08308146
INDISPENSABLE TRAINING LIMITED
Notes to the Accounts
for the year ended 31 December 2024
INDISPENSABLE TRAINING LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08308146. The registered office is 23 ROYAL VIEW VICTORIA BRIDGE ROAD, BATH, BA2 3GG, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% Straight Line
Fixtures & fittings
15% Reducing Balance
Computer equipment
33% Reducing Balance
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover 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.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
INDISPENSABLE TRAINING LIMITED
Notes to the Accounts
for the year ended 31 December 2024
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Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2024
262,722
109,736
5,374
377,832
At 31 December 2024
262,722
109,736
5,374
377,832
At 1 January 2024
43,320
76,790
5,079
125,189
Charge for the year
5,225
4,942
98
10,265
At 31 December 2024
48,545
81,732
5,177
135,454
At 31 December 2024
214,177
28,004
197
242,378
At 31 December 2023
219,402
32,946
295
252,643
Amounts falling due within one year
Other debtors
29,896
34,939
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
2,800
5,000
Taxes and social security
-
16,031
Other creditors
40,279
40,279
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
100 B Shares of £1 each
100
100
During the year interest of £650 was paid to 5 April 2023 on the advance of £34,939 made to C V Marletta.
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Transactions with related parties
The Company owes £40,279 (2022 - £41,239) to Indispensable Ltd a Company controlled by C V Marletta the sole director and shareholder.
INDISPENSABLE TRAINING LIMITED
Notes to the Accounts
for the year ended 31 December 2024
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).