LTC Training Services Limited

Contents

Balance Sheet	1
Notes to the Financial Statements	2 to 7

LTC Training Services Limited

Balance Sheet

31 August 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	41,752	76,079
Current assets
Debtors	6	1,076,937	1,019,767
Cash at bank and in hand		134,261	123,487
		1,211,198	1,143,254
Creditors: Amounts falling due within one year	7	(463,132)	(451,166)
Net current assets		748,066	692,088
Total assets less current liabilities		789,818	768,167
Creditors: Amounts falling due after more than one year	7	(6,383)	(21,704)
Provisions for liabilities		(9,889)	(19,020)
Net assets		773,546	727,443
Capital and reserves
Called up share capital	9	10,000	10,000
Profit and loss account		763,546	717,443
Shareholders' funds		773,546	727,443

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 31 March 2026
 

......................................... Mr N K Gray Director

Company Registration Number: 10738093

LTC Training Services Limited

Notes to the Financial Statements

Year Ended 31 August 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Wixenford Depot
Colesdown Hill
Plymouth
Devon
PL9 8AA
England

These financial statements were authorised for issue by the director on 31 March 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

LTC Training Services Limited

Notes to the Financial Statements

Year Ended 31 August 2025

Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	15% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

LTC Training Services Limited

Notes to the Financial Statements

Year Ended 31 August 2025

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors; and
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

 

LTC Training Services Limited

Notes to the Financial Statements

Year Ended 31 August 2025

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 14 (2024 - 13).

4	Auditors' remuneration

	2025 £	2024 £
Audit of the financial statements	2,000	1,162

 

5	Tangible assets

	Plant and machinery £
Cost or valuation
At 1 September 2024	113,378
Disposals	(36,774)
At 31 August 2025	76,604
Depreciation
At 1 September 2024	37,299
Charge for the year	7,367
Eliminated on disposal	(9,814)
At 31 August 2025	34,852
Carrying amount
At 31 August 2025	41,752
At 31 August 2024	76,079

6

Debtors

	Note	2025 £	2024 £
Trade debtors		191,526	197,760
Amounts owed by group undertakings	11	876,300	812,193
Prepayments		7,535	9,764
Other debtors		1,576	50
		1,076,937	1,019,767

LTC Training Services Limited

Notes to the Financial Statements

Year Ended 31 August 2025

7

Creditors

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	15,321	15,321
Trade creditors		24,278	30,845
Amounts owed to group undertakings	11	3,702	6,521
Taxation and social security		169,241	125,247
Accruals and deferred income		218,090	235,728
Other creditors		32,500	37,504
		463,132	451,166