ARION TRAINING & DEVELOPMENT LTD


Directors	Ms K Davies
	Mr DA Pryor
	Mr R Pryor
	Ms JM Welch


Company Secretary	Mr R Pryor


Registered Address	Salus House
	Valley Gate
	Sleaford
	NG34 8YY


Registered Number	05721205 (England and Wales)

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 accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	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).

	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
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Defined contribution pension plan
	The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

Defined contribution pension plan

The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

	Current taxation
	Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	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.

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.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Straight line (years)
	Plant and machinery	4
	Fixtures and fittings	5
	Vehicles	4
	Office Equipment	3

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Cash and cash equivalents
	Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less.

Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Share capital
	Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

	Related parties
	For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	13		14

3.	Intangible assets

	Other	Total
	£	£
Cost or valuation
At 01 April 24	22,972	22,972
Additions	1,868	1,868
At 31 March 25	24,840	24,840
Net book value
At 31 March 25	24,840	24,840
At 31 March 24	22,972	22,972

4.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£	£
Cost or valuation
At 01 April 24	445,996	38,662	17,610	84,857	8,230	595,355
Additions	3,151	-	-	-	-	3,151
At 31 March 25	449,147	38,662	17,610	84,857	8,230	598,506
Depreciation and impairment
At 01 April 24	-	33,504	14,395	60,962	8,230	117,091
Charge for year	-	1,728	3,215	16,971	-	21,914
At 31 March 25	-	35,232	17,610	77,933	8,230	139,005
Net book value
At 31 March 25	449,147	3,430	-	6,924	-	459,501
At 31 March 24	445,996	5,158	3,215	23,895	-	478,264

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	68,324	99,164
Amounts owed by associates and joint ventures / participating interests	241,506	106,538
Prepayments and accrued income	9,481	11,281
Total	319,311	216,983

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	49,299	27,875
Bank borrowings and overdrafts	37,689	29,370
Taxation and social security	106,340	98,449
Other creditors	2,018	4,442
Accrued liabilities and deferred income	4,499	4,193
Total	199,845	164,329

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	322,074	262,918
Total	322,074	262,918


	Bounce back loan is denominated in £ with interest charged at a 2.5%. The carrying amount at year end is £13,069 (2024 - £23,244). Mortgage is denominated in £ with interest charged at a market rate. The carrying amount at year end is £249,873 (2024 - £269,044). Bank overdraft is denominated in £ with a market interest rate, repayable on demand. The carrying amount at the year end is £1,471 (2024 - £Nil) Business Loan is denominated in £ with interest charged at a market rate. The carrying amount at year end is £95,350 (2024 - £Nil).

Bounce back loan is denominated in £ with interest charged at a 2.5%. The carrying amount at year end is £13,069 (2024 - £23,244).

Mortgage is denominated in £ with interest charged at a market rate. The carrying amount at year end is £249,873 (2024 - £269,044).

Bank overdraft is denominated in £ with a market interest rate, repayable on demand. The carrying amount at the year end is £1,471 (2024 - £Nil)

Business Loan is denominated in £ with interest charged at a market rate. The carrying amount at year end is £95,350 (2024 - £Nil).

8.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	16,874	19,119
Total	16,874	19,119

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		24,840		22,972
Tangible assets	4		459,501		478,264
			484,341		501,236
Current assets
Debtors	5	319,311		216,983
Cash at bank and on hand		90,445		60,077
		409,756		277,060
Creditors amounts falling due within one year	6	(199,845)		(164,329)
Net current assets (liabilities)			209,911		112,731
Total assets less current liabilities			694,252		613,967
Creditors amounts falling due after one year	7		(322,074)		(262,918)
Provisions for liabilities	8		(16,874)		(19,119)
Net assets			355,304		331,930
Capital and reserves
Called up share capital			1,003		1,003
Share premium			87		87
Profit and loss account			354,214		330,840
Shareholders' funds			355,304		331,930