REGISTERED NUMBER: SC183561 (Scotland)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

INTER-TRAINING (SYSTEMS) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

5

DIRECTOR:

Mr M Murney

REGISTERED OFFICE:

28 Broad Street

Peterhead

Aberdeenshire

AB42 1BY

REGISTERED NUMBER:

SC183561 (Scotland)

ACCOUNTANTS:

Bain Henry Reid

Chartered Accountants

28 Broad Street

Peterhead

Aberdeenshire

AB42 1BY

BANKERS:

The Royal Bank of Scotland

40 Albyn Place

Aberdeen

AB10 1YN

FIXED ASSETS

Tangible assets

4

44,485

49,420

CURRENT ASSETS

Debtors

5

91,641

95,115

Cash at bank

730,041

572,064

821,682

667,179

CREDITORS

Amounts falling due within one year

6

100,647

78,850

NET CURRENT ASSETS

721,035

588,329

TOTAL ASSETS LESS CURRENT LIABILITIES

765,520

637,749

PROVISIONS FOR LIABILITIES

11,115

12,347

NET ASSETS

754,405

625,402

CAPITAL AND RESERVES

Called up share capital

10

10

Capital redemption reserve

90

90

Retained earnings

754,305

625,302

SHAREHOLDERS' FUNDS

754,405

625,402

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 27 October 2025 and were signed by:

Mr M Murney - Director

1.	STATUTORY INFORMATION

Inter-Training (Systems) Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and equipment

-

25% straight line

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments like loans and other accounts receivable and payable are initially measured at the present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate, or in the case of an outright short term loan not at market rate, the financial asset or liability is measured, initially and subsequently, at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the net present value of estimated cash flows discounted at the assets original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 5 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

equipment

£

COST

At 1 April 2024

84,927

Additions

9,902

At 31 March 2025

94,829

DEPRECIATION

At 1 April 2024

35,507

Charge for year

14,837

At 31 March 2025

50,344

NET BOOK VALUE

At 31 March 2025

44,485

At 31 March 2024

49,420

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

46,873

52,920

Other debtors

30,500

30,500

Prepayments

14,268

11,695

91,641

95,115

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

6,289

6,399

Corporation tax

58,292

41,291

Social security and other taxes

4,339

4,774

VAT

27,934

22,489

Directors' current accounts

86

56

Accruals

3,707

3,841

100,647

78,850

7.	DIRECTOR'S LOAN

The following advances and credits from a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

Mr M Murney

Balance outstanding at start of year

56

155

Amounts advanced

38,227

52,383

Amounts repaid

(38,197

)

(52,482

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

86

56

The loan is interest free and there are no fixed terms of repayment.

8.

DIVIDENDS

Ordinary dividends paid to directors in their capacity as shareholders during the year included £37,000 to Mr Murney (2024 - £72,000)

9.	CONTROLLING PARTY

Michael Murney, a director, controls the company by virtue of a controlling interest of 100% of the issued ordinary share capital.