The Initiative Training GP Ltd

The Initiative Training GP Ltd

THE INITIATIVE TRAINING GP LIMITED - Company Information

Print Friendly Version

1 September 2015 false No description of principal activity Taxfiler 2016.47.Web 6204390business:PrivateLimitedCompanyLtd2015-09-012016-08-31 62043902015-08-31 62043902015-09-012016-08-31 6204390business:AuditExempt-NoAccountantsReport2015-09-012016-08-31 6204390business:FullAccounts2015-09-012016-08-31 62043902016-08-31 6204390business:Director12015-09-012016-08-31 6204390business:Director22015-09-012016-08-31 6204390business:RegisteredOffice2015-09-012016-08-31 62043902015-08-31 6204390core:WithinOneYear2016-08-31 6204390core:WithinOneYear2015-08-31 6204390core:SharePremium2016-08-31 6204390core:SharePremium2015-08-31 6204390core:RetainedEarningsAccumulatedLosses2016-08-31 6204390core:RetainedEarningsAccumulatedLosses2015-08-31 6204390business:SmallEntities2015-09-012016-08-31 6204390countries:EnglandWales2015-09-012016-08-31 6204390core:PlantMachinery2015-09-012016-08-31 6204390core:MotorVehicles2015-09-012016-08-31 6204390core:FurnitureFittings2015-09-012016-08-31 6204390core:ComputerEquipment2015-09-012016-08-31 6204390core:Goodwill2015-08-31 6204390core:Goodwill2016-08-31 6204390core:Goodwill2015-09-012016-08-31 6204390core:ComputerEquipment2015-08-31 6204390core:ComputerEquipment2016-08-31 62043902014-09-012015-08-31 iso4217:GBP xbrli:pure
Company Registration No. 6204390 (England and Wales)
The Initiative Training GP Ltd Annual report and unaudited accounts for the year ended 31 August 2016
The Initiative Training GP Ltd Annual report and unaudited accounts Contents
Page
- 2 -
The Initiative Training GP Ltd Company Information for the year ended 31 August 2016
Directors
Mr J P Gribben Mrs C Gribben
Company Number
6204390 (England and Wales)
Registered Office
Poplar Cottage Credenhill Herefordshire HR4 7EG
- 3 -
The Initiative Training GP Ltd Statement of financial position as at 31 August 2016
2016 
2015 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
- 
640 
Tangible assets
5
6,220 
4,517 
6,220 
5,157 
Current assets
Debtors
6
59,647 
50,857 
Cash at bank and in hand
230,139 
90,281 
289,786 
141,138 
Creditors: amounts falling due within one year
7
(86,145)
(68,128)
Net current assets
203,641 
73,010 
Net assets
209,861 
78,167 
Capital and reserves
Share premium
4 
4 
Profit and loss account
209,857 
78,163 
Shareholders' funds
209,861 
78,167 
For the year ending 31 August 2016 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.
These accounts have been prepared 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.
Approved by the Board on 4 January 2017.
Mr J P Gribben Director Company Registration No. 6204390
- 4 -
The Initiative Training GP Ltd Notes to the Accounts for the year ended 31 August 2016
1
Statutory information
The Initiative Training GP Ltd is a private company, limited by shares, registered in England and Wales, registration number 6204390. The registered office and principal place of business is Poplar Cottage, Credenhill, Herefordshire, HR4 7EG.
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.
3
Accounting policies
These financial statements for the year ended 31 August 2016 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 September 2015. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
Plant & machinery
20%
Motor vehicles
20%
Fixtures & fittings
20%
Computer equipment
20%
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
- 5 -
The Initiative Training GP Ltd Notes to the Accounts for the year ended 31 August 2016
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 September 2015
2,850 
At 31 August 2016
2,850 
Amortisation
At 1 September 2015
2,210 
Charge for the year
640 
At 31 August 2016
2,850 
Net book value
At 31 August 2016
- 
At 31 August 2015
640 
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 September 2015
9,283 
Additions
3,258 
At 31 August 2016
12,541 
Depreciation
At 1 September 2015
4,766 
Charge for the year
1,555 
At 31 August 2016
6,321 
Net book value
At 31 August 2016
6,220 
At 31 August 2015
4,517 
6
Debtors
2016 
2015 
£ 
£ 
Trade debtors
59,592 
48,732 
Other debtors
55 
2,125 
59,647 
50,857 
7
Creditors: amounts falling due within one year
2016 
2015 
£ 
£ 
Bank loans and overdrafts
- 
419 
Trade creditors
32,786 
20,840 
Corporation tax
44,983 
28,787 
Other taxes and social security costs
1,224 
2,384 
Other creditors
1,075 
12,005 
Loans from directors
6,077 
3,693 
86,145 
68,128 
- 6 -
The Initiative Training GP Ltd Notes to the Accounts for the year ended 31 August 2016
8
Average number of employees
During the year the average number of employees was 0 (2015: 0).
- 7 -