Company registration number 04161029 (England and Wales)
ELIESHA TRAINING LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
PAGES FOR FILING WITH REGISTRAR
ELIESHA TRAINING LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
ELIESHA TRAINING LTD
BALANCE SHEET
AS AT
31 MARCH 2026
31 March 2026
- 1 -
2026
2025
Notes
£
£
£
£
Fixed assets
Tangible assets
3
5,694
37,142
Current assets
Debtors
4
278,810
446,960
Cash at bank and in hand
684,464
437,399
963,274
884,359
Creditors: amounts falling due within one year
5
(768,384)
(809,298)
Net current assets
194,890
75,061
Total assets less current liabilities
200,584
112,203
Creditors: amounts falling due after more than one year
6
(2)
(1,669)
Provisions for liabilities
(316)
(265)
Net assets
200,266
110,269
Capital and reserves
Called up share capital
7
2,000
2,000
Profit and loss reserves
198,266
108,269
Total equity
200,266
110,269
ELIESHA TRAINING LTD
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2026
31 March 2026
- 2 -

For the financial year ended 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 2 June 2026 and are signed on its behalf by:
Mrs A Burnhope
Director
Company registration number 04161029 (England and Wales)
ELIESHA TRAINING LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
- 3 -
1
Accounting policies
Company information

Eliesha Training Ltd is a private company limited by shares incorporated in England and Wales. The registered office is F14 Bizspace, William Armstrong Drive, Newcastle Business Park, Newcastle upon Tyne, Tyne & Wear, United Kingdom, NE4 7YA.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
10% on cost and 33.33% on cost
Fixtures and fittings
33.33% on cost
Computers
33.33% on cost
Computer software
over 10 years and 7 1/2 years on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

ELIESHA TRAINING LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 4 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.6
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.8
Leases

Rental expenditure from operating leases is recognised on a straight line basis over the term of the relevant lease.

1.9
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

ELIESHA TRAINING LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 5 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2026
2025
Number
Number
Total
21
24
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Computer software
Total
£
£
£
£
Cost
At 1 April 2025
3,754
15,855
266,009
285,618
Additions
-
0
3,252
-
0
3,252
At 31 March 2026
3,754
19,107
266,009
288,870
Depreciation and impairment
At 1 April 2025
3,753
9,167
235,556
248,476
Depreciation charged in the year
1
4,246
30,453
34,700
At 31 March 2026
3,754
13,413
266,009
283,176
Carrying amount
At 31 March 2026
-
0
5,694
-
0
5,694
At 31 March 2025
1
6,688
30,453
37,142
4
Debtors
2026
2025
Amounts falling due within one year:
£
£
Trade debtors
251,019
420,697
Prepayments and accrued income
27,791
26,263
278,810
446,960
ELIESHA TRAINING LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 6 -
5
Creditors: amounts falling due within one year
2026
2025
£
£
Bank loans
1,667
10,000
Trade creditors
178,255
185,129
Corporation tax
29,045
5,752
Other taxation and social security
160,068
192,608
Other creditors
6,092
-
0
Accruals and deferred income
393,257
415,809
768,384
809,298
6
Creditors: amounts falling due after more than one year
2026
2025
£
£
Bank loans and overdrafts
-
0
1,667
Other borrowings
2
2
2
1,669
7
Called up share capital
2026
2025
2026
2025
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
2,000
2,000
2,000
2,000
2026
2025
2026
2025
Preference share capital
Number
Number
£
£
Issued and fully paid
Preference shares of £1 each
2
2
2
2
Preference shares classified as liabilities
2
2
8
Financial commitments, guarantees and contingent liabilities

In 2022 the company entered into an agreement to gift Eliesha Training Trustee Limited monies to fund the consideration owed to J Flanagan and A Burnhope, in respect of the purchase of company shares by the Employee Ownership Trust. Eliesha Training Trustee Limited owns 100% of the issued ordinary share capital of the company as at 31 March 2026. The gifts are to be made in line with the deferred consideration scheduled payments detailed in the Share Purchase Agreement, subject to conditions on profits available for distribution and working capital being satisfied. The deferred consideration outstanding at 31 March 2026 is £1,902,000 (2025: £1,902,000).

ELIESHA TRAINING LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 7 -
9
Related party transactions
Transactions with related parties

In the year, the company has gifted Eliesha Training Trustee Limited £Nil (2025: £42,000) from reserves to fund the deferred consideration for the purchase of the ordinary share capital of the company by the Employee Ownership Trust in the year ended 31 March 2022.

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