Searegs Training Ltd 31/03/2026 iXBRL

Company registration number: 09337318

Searegs Training Ltd

Trading as Searegs Training Ltd

Unaudited filleted financial statements

31 March 2026

Searegs Training Ltd

Contents

Directors and other information

Accountants report

Statement of financial position

Statement of changes in equity

Notes to the financial statements

Searegs Training Ltd

Directors and other information


Directors	Mr Ryan Anthony Tozer	(Appointed 13 October 2025)
	Mr Simon Jinks	(Resigned 13 October 2025)
	Mrs Victoria Jinks	(Resigned 13 October 2025)


Company number	09337318


Registered office	Barton Road
	Plymouth
	PL9 9RQ


Business address	Turnchapel Wharf
	Barton Road
	Plymouth
	PL9 9RQ


Accountants	Simmers & Co
	Albany Chambers
	Albany Street
	Oban
	PA34 4AL

Searegs Training Ltd

Report to the board of directors on the preparation of the

unaudited statutory financial statements of Searegs Training Ltd

Year ended 31 March 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Searegs Training Ltd for the year ended 31 March 2026 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS , we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the board of directors of Searegs Training Ltd, as a body, in accordance with the terms of our engagement letter dated 12 December 2018. Our work has been undertaken solely to prepare for your approval the financial statements of Searegs Training Ltd and state those matters that we have agreed to state to the board of directors of Searegs Training Ltd as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Searegs Training Ltd and its board of directors as a body for our work or for this report.

It is your duty to ensure that Searegs Training Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Searegs Training Ltd. You consider that Searegs Training Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Searegs Training Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Simmers & Co

Chartered Accountants

Albany Chambers

Albany Street

Oban

PA34 4AL

12 October 2026

Searegs Training Ltd

Statement of financial position

31 March 2026

		2026		2025
	Note	£	£	£	£

Fixed assets
Intangible assets	5	2,937		3,250
Tangible assets	6	37,710		66,735
		_______		_______
			40,647		69,985

Current assets
Stocks		8,795		-
Debtors	7	793,208		183,610
Cash at bank and in hand		196,900		706,792
		_______		_______
		998,903		890,402
Creditors: amounts falling due
within one year	8	( 212,070)		( 308,574)
		_______		_______
Net current assets			786,833		581,828
			_______		_______
Total assets less current liabilities			827,480		651,813

Creditors: amounts falling due
after more than one year	9		-		( 14,166)

Provisions for liabilities			( 9,427)		( 12,679)

			_______		_______
Net assets			818,053		624,968
			_______		_______

Capital and reserves
Called up share capital			100		100
Profit and loss account			817,953		624,868
			_______		_______
Shareholders funds			818,053		624,968
			_______		_______

For the 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 year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act 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 and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 12 October 2026 , and are signed on behalf of the board by:

Mr Ryan Anthony Tozer

Director

Company registration number: 09337318

Searegs Training Ltd

Statement of changes in equity

Year ended 31 March 2026

	Called up share capital	Profit and loss account	Total
	£	£	£


At 1 January 2024	100	463,124	463,224

Profit for the year		231,344	231,344
	_______	_______	_______
Total comprehensive income for the year	-	231,344	231,344

Dividends paid and payable		( 69,600)	( 69,600)
	_______	_______	_______
Total investments by and distributions to owners	-	( 69,600)	( 69,600)

	_______	_______	_______
At 31 March 2025 and 1 January 2025	100	624,868	624,968

Profit for the year		350,294	350,294
	_______	_______	_______
Total comprehensive income for the year	-	350,294	350,294

Dividends paid and payable		( 157,209)	( 157,209)
	_______	_______	_______
Total investments by and distributions to owners	-	( 157,209)	( 157,209)

	_______	_______	_______
At 31 March 2026	100	817,953	818,053
	_______	_______	_______

Searegs Training Ltd

Notes to the financial statements

Year ended 31 March 2026

1. General information

The company is a private company limited by shares, registered in England. The address of the registered office is Turnchapel Wharf, Barton Road, Plymouth, PL9 9RQ.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

Consolidated accounts

The company is a subsidiary of Tozer Holdings Limited (Co no 16496153) who's registered office is Turnchapel Wharf, Barton Road, Plymouth, PL9 9RQ. The results of which are reported in their accounts. The Group has taken advantage of the exemption available to small groups to not produce consolidated accounts

4. Staff costs

The average number of persons employed by the company during the year amounted to 10 (2025: 11 ).

The aggregate payroll costs incurred during the year were:

	2026	2025
	£	£
Wages and salaries	339,194	303,469
Social security costs	35,586	24,558
Other pension costs	10,531	5,595
	_______	_______
	385,311	333,622
	_______	_______

5. Intangible assets

	Goodwill	Total
	£	£
Cost
At 1 January 2025 and 31 March 2026	5,000	5,000
	_______	_______
Amortisation
At 1 January 2025	1,750	1,750
Charge for the year	313	313
	_______	_______
At 31 March 2026	2,063	2,063
	_______	_______
Carrying amount
At 31 March 2026	2,937	2,937
	_______	_______
At 31 March 2025	3,250	3,250
	_______	_______

6. Tangible assets

	Plant and machinery	Fixtures, fittings and equipment	Motor vehicles	Tangible assets - user defined	Total
	£	£	£	£	£
Cost
At 1 January 2025	157,221	123,750	5,000	21,915	307,886
Additions	625	-	-	1,389	2,014
	_______	_______	_______	_______	_______
At 31 March 2026	157,846	123,750	5,000	23,304	309,900
	_______	_______	_______	_______	_______
Depreciation
At 1 January 2025	104,057	122,958	167	13,969	241,151
Charge for the year	23,605	76	1,250	6,108	31,039
	_______	_______	_______	_______	_______
At 31 March 2026	127,662	123,034	1,417	20,077	272,190
	_______	_______	_______	_______	_______
Carrying amount
At 31 March 2026	30,184	716	3,583	3,227	37,710
	_______	_______	_______	_______	_______
At 31 March 2025	53,164	792	4,833	7,946	66,735
	_______	_______	_______	_______	_______

7. Debtors

	2026	2025
	£	£
Trade debtors	42,690	35,401
Amounts owed by group undertakings and undertakings in which the company has a participating interest	737,085	-
Other debtors	13,433	148,209
	_______	_______
	793,208	183,610
	_______	_______

8. Creditors: amounts falling due within one year

	2026	2025
	£	£
Bank loans and overdrafts	1,754	6,435
Trade creditors	22,094	-
Corporation tax	113,917	80,071
Social security and other taxes	42,242	46,170
Other creditors	32,063	175,898
	_______	_______
	212,070	308,574
	_______	_______

During the period, the company granted a fixed and floating charge (093373180002) in favour of HSBC over all its assets.

9. Creditors: amounts falling due after more than one year

	2026	2025
	£	£
Bank loans and overdrafts	-	14,166
	_______	_______