Company Registration No. 08361599 (England and Wales)
First Rate Training Limited
Unaudited accounts
for the year ended 31 December 2025
First Rate Training Limited
Unaudited accounts
Contents
First Rate Training Limited
Company Information
for the year ended 31 December 2025
Directors
Kirstie Louise Jones
Justin Harding Jones
Company Number
08361599 (England and Wales)
Registered Office
Evans Entwistle
Venta House
Maesglas Retail Park
Newport
Gwent
NP20 2NS
Wales
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
First Rate Training Limited
for the year ended 31 December 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of First Rate Training Limited for the year ended 31 December 2025 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Member in Practice
10 February 2026
First Rate Training Limited
Statement of financial position
as at 31 December 2025
Tangible assets
4,456
10,264
Cash at bank and in hand
11,079
12,319
Creditors: amounts falling due within one year
(8,461)
(15,235)
Net current assets
12,483
7,175
Total assets less current liabilities
16,939
17,439
Creditors: amounts falling due after more than one year
(1,324)
(190)
Provisions for liabilities
Called up share capital
2
2
Profit and loss account
14,766
15,297
Shareholders' funds
14,768
15,299
For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 10 February 2026 and were signed on its behalf by
Justin Harding Jones
Director
Company Registration No. 08361599
First Rate Training Limited
Notes to the Accounts
for the year ended 31 December 2025
First Rate Training Limited is a private company, limited by shares, registered in England and Wales, registration number 08361599. The registered office is Evans Entwistle, Venta House, Maesglas Retail Park, Newport, Gwent, NP20 2NS, Wales.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
4 years straight line
Computer equipment
3 years straight line
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 accounts. 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 current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
First Rate Training Limited
Notes to the Accounts
for the year ended 31 December 2025
4
Tangible fixed assets
Total
At 31 December 2025
49,519
At 31 December 2025
45,063
At 31 December 2024
10,264
5
Deferred taxation
2025
2024
Accelerated capital allowances
847
1,950
Provision at start of year
1,950
-
(Credited)/charged to the profit and loss account
(1,103)
1,950
Provision at end of year
847
1,950
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
7
Transactions with related parties
The company was owed £110 (2024: £110) by JK Jones Developments Limited (13360221), a company under common control.
8
Average number of employees
During the year the average number of employees was 3 (2024: 3).