REGISTERED NUMBER: 02268395 (England and Wales)

Audited Financial Statements

for the Year Ended 31 July 2025

for

WEBS Training Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J A Bazeley

N J H Crowther

L Jameson

C M Sowter

J A Woolley

A W Cooke

T N Alley

I Nelson

C H Collett

D A O'Neill

REGISTERED OFFICE:

The Poplars

Wollaton Road

Beeston

Nottingham

Nottinghamshire

NG9 2PD

REGISTERED NUMBER:

02268395 (England and Wales)

AUDITORS:

Mabe Allen LLP

Chartered Accountants

Statutory Auditors

50 Osmaston Road

Derby

DE1 2HU

BANKERS:

Barclays Bank Plc

The Library

Foster Avenue

Beeston

Nottingham

NG9 1AE

FIXED ASSETS

Tangible assets

5

1,394,283

1,368,416

Investment property

6

450,000

420,000

1,844,283

1,788,416

CURRENT ASSETS

Stocks

1,686

13,201

Debtors

7

172,777

168,086

Cash at bank and in hand

228,953

262,910

403,416

444,197

CREDITORS

Amounts falling due within one year

8

203,991

205,603

NET CURRENT ASSETS

199,425

238,594

TOTAL ASSETS LESS CURRENT LIABILITIES

2,043,708

2,027,010

CREDITORS

Amounts falling due after more than one year

9

(917,260

)

(982,233

)

PROVISIONS FOR LIABILITIES

(31,512

)

(31,551

)

ACCRUALS AND DEFERRED INCOME

12

(994,965

)

(1,021,171

)

NET ASSETS/(LIABILITIES)

99,971

(7,945

)

CAPITAL AND RESERVES

Called up share capital

13

600

600

Capital redemption reserve

100

100

Other reserves

180,046

180,046

Retained earnings

(80,775

)

(188,691

)

SHAREHOLDERS' FUNDS

99,971

(7,945

)

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 27 November 2025 and were signed on its behalf by:

L Jameson - Director

1.	STATUTORY INFORMATION

WEBS Training Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimated.

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The following judgements have had the most significant effect on amounts recognised in the financial statements.

Revaluation of freehold properties and investment properties

The company carries its freehold properties and investment properties at fair value, with changes in fair value being recognised in profit or loss. In accordance with FRS 102, the fair value of investment properties is reassessed annually by the directors in periods where not independently valued. The professional valuer used a valuation technique which took account of the traditional capitalisation of notional and capital values. In arriving at notional rates associated with the properties, the valuer considered actual rates of comparable properties.

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.

Freehold property

-

2% on cost

Plant and machinery

-

25% and 10% on cost

Motor vehicles

-

20% on cost

Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Small items of computer equipment are written off fully in the year of acquisition.

The freehold property is carried in the financial statements at revalued cost using a professional valuation of freehold property which took place in 2025, less subsequent accumulated depreciation and subsequent accumulated losses.

Investment property

Investment property is shown at fair value. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

The investment property fair value of £450,000 (2024: £420,000) was determined by an independent qualified valuer who sought to identify current market value at the balance sheet date.

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.

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.

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.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment is a revaluation decrease.

Provisions

Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

Hire purchase and leasing commitments

At inception the company assesses agreements that transfer the right to use assets.

The assessment considers whether the arrangement is, or contains, a lease based on the substance of the arrangement.

Leases that do not transfer all the risks and rewards of ownership are classified as operating leases. Payments under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.

Government grants

Grant income receivable relating to revenue shall be recognised in income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate.

A capital project grant was received in the year ended 31 July 2012 to assist with the costs associated with the development of the WEBS Academy training centre. The grant is not repayable (subject to the conditions outlined below) and is being released from deferred income to the profit and loss on a systematic basis over the estimated useful life of the assets acquired.

Conditions of the grant

- Should the company dispose of the training centre and the land on which it sits without the consent of the funding agency within the 20 years to April 2031 then the agency may require full or partial repayment of the grant.

- Should the company become subject to a change in ownership which impacts adversely and materially on the terms, goes into liquidation or is put into administration then a review of the impact will need to be undertaken and the agency reserves the right, at its discretion, to recover full or partial amount of the funding provided.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2024 - 19 ) .

5.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

property

machinery

vehicles

Totals

£

£

£

£

COST

At 1 August 2024

3,103,699

705,695

10,497

3,819,891

Additions

-

20,787

-

20,787

At 31 July 2025

3,103,699

726,482

10,497

3,840,678

DEPRECIATION

At 1 August 2024

1,775,129

665,851

10,495

2,451,475

Charge for year

25,715

16,349

1

42,065

Reversal of impairments

(47,145

)

-

-

(47,145

)

At 31 July 2025

1,753,699

682,200

10,496

2,446,395

NET BOOK VALUE

At 31 July 2025

1,350,000

44,282

1

1,394,283

At 31 July 2024

1,328,570

39,844

2

1,368,416

Included in cost of land and buildings is freehold land of £ 300,000 (2024 - £ 300,000 ) which is not depreciated.

Freehold property was independently valued at £1,350,000 by Innes England in October 2025. The valuation was undertaken in accordance with valuation standards issued by the Royal Institute of Chartered Surveyors. In light of this valuation, the directors have concluded that this value reflects the fair value of the properties at 31 July 2025. This has resulted in a reversal of impairment charges recognised in the profit and loss account of £47,145.

In respect of freehold property stated at valuations, the comparable historical cost and depreciation values are as follows:

2025

2024

£

£

Net book value at end of year

1,350,000

1,328,570

Historical cost:

At 1 August 2024 and 31 July 2025

3,103,699

3,103,699

Depreciation:

At 1 August 2024

728,962

672,888

Charge for Year

56,074

56,074

At 31 July 2025

785,036

728,962

Net historical cost value:

At 31 July 2025

2,318,663

2,374,737

At 31 July 2024

2,374,737

2,430,811

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 August 2024

420,000

Revaluations

30,000

At 31 July 2025

450,000

NET BOOK VALUE

At 31 July 2025

450,000

At 31 July 2024

420,000

Included in fair value of investment property is freehold land of £ 200,000 (2024 - £ 200,000 ) which is not depreciated.

Fair value at 31 July 2025 is represented by:

£

Valuation in 2018

367,460

Valuation in 2022

(92,903

)

Valuation in 2025

30,000

Cost

145,443

450,000

Investment property was valued on an open market basis on 29 October 2025 by Innes England.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

93,053

75,593

Prepayments

79,724

92,493

172,777

168,086

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

60,828

56,688

Trade creditors

67,568

83,649

Social security and other taxes

10,087

6,288

Accruals and deferred income

38,324

32,294

Other creditors

1,000

500

Deferred government grants

26,184

26,184

203,991

205,603

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans 1-5 years

206,665

200,105

Bank loans payable in more than 5 years by instalments

710,595

782,128

917,260

982,233

Amounts falling due in more than five years:

Repayable by instalments

Bank loans payable in more than 5 years by instalments

710,595

782,128

10.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

5,476

7,414

Between one and five years

5,274

6,512

10,750

13,926

11.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank Loan

964,755

1,015,588

The bank loans are secured by way of a debenture giving a fixed and floating charge over all of the property and assets of the company.

12.	ACCRUALS AND DEFERRED INCOME

2025

2024

£

£

Deferred government grants

994,965

1,021,171

The grant is not repayable (subject to the conditions outlined in accounting policy note 3) and is being released from deferred income to the profit and loss on a systematic basis over the estimated useful life of the assets acquired.

13.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

600

Ordinary

£1

600

600

14.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Neil Higgins FCCA (Senior Statutory Auditor)

for and on behalf of Mabe Allen LLP