REGISTERED NUMBER: 02905641 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

FOR

PROVIDENCE TRAINING LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

D H Warrell

SECRETARY:

D H Warrell

REGISTERED OFFICE:

Westaway

21Westaway Drive

Hakin

Milford Haven

Pembrokeshire

SA73 3EQ

REGISTERED NUMBER:

02905641 (England and Wales)

ACCOUNTANTS:

L M Griffiths & Co Limited

Chartered Certified Accountants

1&2 Merlins Court

Winch Lane

Haverfordwest

Pembrokeshire

SA61 1SB

FIXED ASSETS

Property, plant and equipment

4

569,354

558,087

Investments

5

500

500

569,854

558,587

CURRENT ASSETS

Inventories

3,800

3,800

Debtors

6

47,607

66,966

Cash at bank and in hand

214,240

156,857

265,647

227,623

CREDITORS

Amounts falling due within one year

7

(157,544

)

(162,802

)

NET CURRENT ASSETS

108,103

64,821

TOTAL ASSETS LESS CURRENT LIABILITIES

677,957

623,408

CREDITORS

Amounts falling due after more than one year

8

(13,201

)

(28,217

)

PROVISIONS FOR LIABILITIES

(16,164

)

(13,235

)

NET ASSETS

648,592

581,956

CAPITAL AND RESERVES

Called up share capital

2

2

Revaluation reserve

10

375,498

375,498

Retained earnings

273,092

206,456

SHAREHOLDERS' FUNDS

648,592

581,956

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 18 May 2026 and were signed by:

D H Warrell - Director

1.	STATUTORY INFORMATION

Providence 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.	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 as modified by the revaluation of certain assets.

The director is not aware of any material uncertainties in making his assessment of going concern. As a result the going concern basis of accounting has been adopted.

Turnover

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

Property, plant and equipment

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

Freehold property

-

in accordance with the property

Plant and machinery

-

20% on cost and 15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Property, plant and equipment is measured at cost less accumulated depreciation and any accumulated impairment losses.

Inventories

Inventories 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Government grants

Government grants for capital expenditure are credited to a deferral account and released to the profit and loss account over the expected useful life of the relevant asset.

Income recognition

The company's turnover represents the amount derived from training and consultancy services. The company recognises income when the sales invoice has been issued to the customer.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - 7 ).

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST OR VALUATION

At 1 September 2024

500,000

81,875

9,997

Additions

-

16,500

274

At 31 August 2025

500,000

98,375

10,271

DEPRECIATION

At 1 September 2024

-

66,899

7,993

Charge for year

-

2,174

342

At 31 August 2025

-

69,073

8,335

NET BOOK VALUE

At 31 August 2025

500,000

29,302

1,936

At 31 August 2024

500,000

14,976

2,004

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST OR VALUATION

At 1 September 2024

22,726

84,233

698,831

Additions

-

3,206

19,980

At 31 August 2025

22,726

87,439

718,811

DEPRECIATION

At 1 September 2024

21,535

44,317

140,744

Charge for year

298

5,899

8,713

At 31 August 2025

21,833

50,216

149,457

NET BOOK VALUE

At 31 August 2025

893

37,223

569,354

At 31 August 2024

1,191

39,916

558,087

The property was valued by Guy Thomas LLP at £500,000 on 18 August 2023. The valuation was based on the market value of the freehold title with full vacant possession..

The directors believe that the specialist plant and machinery has an open market value in excess of its carrying value. They estimate the value of workshop plant and machinery at around £125k.

Cost or valuation at 31 August 2025 is represented by:

Freehold

property

£

Valuation in 2013

114,250

Valuation in 2023

174,667

288,917

**	TOTAL SHOWN ON CLIENT SCREEN - REVALUATION ANALYSIS - DOES NOT AGREE TO TOTAL OF FIXED ASSET 'COST' ACCOUNT HELD AT END OF YEAR IN RESPECT OF

FREEHOLD PROPERTY

'COST' ACCOUNT TOTAL

Cost/valuation b/f

500,000

500,000

CLIENT SCREEN TOTAL

=

-

**	TOTAL SHOWN ON CLIENT SCREEN - REVALUATION ANALYSIS - DOES NOT AGREE TO TOTAL OF FIXED ASSET 'COST' ACCOUNT HELD AT END OF YEAR IN RESPECT OF

PLANT AND MACHINERY

'COST' ACCOUNT TOTAL

Cost/valuation b/f

81,875

Additions

16,500

98,375

CLIENT SCREEN TOTAL

=

-

**	TOTAL SHOWN ON CLIENT SCREEN - REVALUATION ANALYSIS - DOES NOT AGREE TO TOTAL OF FIXED ASSET 'COST' ACCOUNT HELD AT END OF YEAR IN RESPECT OF

FIXTURES AND FITTINGS

'COST' ACCOUNT TOTAL

Cost/valuation b/f

9,997

Additions

274

10,271

CLIENT SCREEN TOTAL

=

-

**	TOTAL SHOWN ON CLIENT SCREEN - REVALUATION ANALYSIS - DOES NOT AGREE TO TOTAL OF FIXED ASSET 'COST' ACCOUNT HELD AT END OF YEAR IN RESPECT OF

MOTOR VEHICLES

'COST' ACCOUNT TOTAL

Cost/valuation b/f

22,726

22,726

CLIENT SCREEN TOTAL

=

-

**	TOTAL SHOWN ON CLIENT SCREEN - REVALUATION ANALYSIS - DOES NOT AGREE TO TOTAL OF FIXED ASSET 'COST' ACCOUNT HELD AT END OF YEAR IN RESPECT OF

COMPUTER EQUIPMENT

'COST' ACCOUNT TOTAL

Cost/valuation b/f

84,233

Additions

3,206

87,439

CLIENT SCREEN TOTAL

=

-

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 September 2024

and 31 August 2025

500

NET BOOK VALUE

At 31 August 2025

500

At 31 August 2024

500

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

44,081

58,250

Other debtors

3,526

8,716

47,607

66,966

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

67,747

88,015

Taxation and social security

37,234

25,332

Other creditors

52,563

49,455

157,544

162,802

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

13,201

15,695

Other creditors

-

12,522

13,201

28,217

Amounts falling due in more than five years:

Repayable by instalments

Bank loan

13,201

15,695

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

13,201

15,695

The bank loan is secured by a charge over freehold property of the company and by a personal guarantee of £50,000 provided by Mr D H Warrell and Mrs C P Warrell, directors.

10.

RESERVES

Revaluation

reserve

£

At 1 September 2024

and 31 August 2025

375,498

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits owed by/(to) directors subsisted during the years ended 31 August 2025 and 31 August 2024:

2025

2024

£

£

D H Warrell and Mrs C P Warrell

Balance outstanding at start of year

3,414

25,630

Amounts repaid

-

(22,216

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

3,414