Company No: 02561066 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2026		2025
		£		£
Fixed assets
Tangible assets	4	5,929		7,423
		5,929		7,423
Current assets
Debtors	5	68,448		5,186
Cash at bank and in hand		109,725		272,077
		178,173		277,263
Creditors: amounts falling due within one year	6	( 15,967)		( 13,116)
Net current assets		162,206		264,147
Total assets less current liabilities		168,135		271,570
Provision for liabilities		0		6,371
Net assets		168,135		277,941
Capital and reserves
Called-up share capital	7	200		200
Capital redemption reserve		49		49
Profit and loss account		167,886		277,692
Total shareholders' funds		168,135		277,941

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

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Training in Action Limited (registered number: 02561066) were approved and authorised for issue by the Board of Directors on 11 August 2026. They were signed on its behalf by:

G L Hogg Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Training in Action Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 23 Gustory Road, Crantock, Newquay, TR8 5RG, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of management development programmes. Turnover is shown net of value added tax where applicable.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

10 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Fixtures and fittings

15 - 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	4		4

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 April 2025	316,000		316,000
At 31 March 2026	316,000		316,000
Accumulated amortisation
At 01 April 2025	316,000		316,000
At 31 March 2026	316,000		316,000
Net book value
At 31 March 2026	0		0
At 31 March 2025	0		0

4. Tangible assets

	Fixtures and fittings		Total
	£		£
Cost
At 01 April 2025	96,228		96,228
At 31 March 2026	96,228		96,228
Accumulated depreciation
At 01 April 2025	88,805		88,805
Charge for the financial year	1,494		1,494
At 31 March 2026	90,299		90,299
Net book value
At 31 March 2026	5,929		5,929
At 31 March 2025	7,423		7,423

5. Debtors

	2026		2025
	£		£
Trade debtors	67,913		0
Corporation tax	0		2,788
Other debtors	535		2,398
	68,448		5,186

6. Creditors: amounts falling due within one year

	2026		2025
	£		£
Trade creditors	1,200		1,291
Other taxation and social security	10,120		930
Other creditors	4,647		10,895
	15,967		13,116

7. Called-up share capital

	2026		2025
	£		£
Allotted, called-up and fully-paid
200 Ordinary shares of £ 1.00 each	200		200

8. Ultimate controlling party

Parent Company:

Training in Action Consulting Limited

Lowin House Tregolls Road Truro Cornwall TR1 2NA