Complete Training Solutions Ltd - Abbreviated accounts 16.3
Complete Training Solutions Ltd - Abbreviated accounts 16.3
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS |
| FOR THE YEAR ENDED 31ST OCTOBER 2016 |
| FOR |
| COMPLETE TRAINING SOLUTIONS LTD |
| COMPLETE TRAINING SOLUTIONS LTD (REGISTERED NUMBER: 07795103) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31ST OCTOBER 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| COMPLETE TRAINING SOLUTIONS LTD |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31ST OCTOBER 2016 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| COMPLETE TRAINING SOLUTIONS LTD (REGISTERED NUMBER: 07795103) |
| ABBREVIATED BALANCE SHEET |
| 31ST OCTOBER 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Debtors |
| Cash in hand |
| CREDITORS |
| Amounts falling due within one year | 3 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CREDITORS |
| Amounts falling due after more than one year |
3 |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Share premium |
| Profit and loss account | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| COMPLETE TRAINING SOLUTIONS LTD (REGISTERED NUMBER: 07795103) |
| ABBREVIATED BALANCE SHEET - continued |
| 31ST OCTOBER 2016 |
| The financial statements were approved by the Board of Directors on |
| COMPLETE TRAINING SOLUTIONS LTD (REGISTERED NUMBER: 07795103) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31ST OCTOBER 2016 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements have been prepared on a going concern basis, which assumes the company will have |
| adequate resources to continue in operational existence for the foreseeable future. The company meets its |
| day-to-day working capital requirements through a loan facility provided by Mr S D Powell, a close family |
| member of a director and by careful management of cashflow. It is understood Mr S D Powell intends for his |
| loan advance to be available for the foreseeable future. The company's management, having made significant |
| changes to the company's cost base, and taking account of reasonable possible changes in trading performance, |
| forecast the company to be able to operate for a period of at least the next twelve months. |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention and in accordance with the |
| Financial Reporting Standard for Smaller Entities (effective January 2015). |
| Turnover |
| Turnover represents the total sales value, excluding value added tax, of training services provided during the |
| year. |
| Tangible fixed assets |
| Leasehold improvements | - |
| Training equipment | - |
| Fixtures, fittings and equipment | - |
| Motor vehicles | - |
| Deferred tax |
| A deferred tax liability is recognised in respect of all material timing differences that have originated but not |
| reversed at the balance sheet date. |
| A deferred tax asset is treated as recoverable and therefore recognised only when it can be regarded as more |
| likely than not that there will be suitable taxable profits from which the future reversal of underlying timing |
| differences can be deducted. |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held |
| under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases |
| are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
| The interest element of these obligations is charged to the profit and loss account over the relevant period. The |
| capital element of the future payments is treated as a liability. |
| Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the |
| period of the lease. |
| COMPLETE TRAINING SOLUTIONS LTD (REGISTERED NUMBER: 07795103) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 31ST OCTOBER 2016 |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1st November 2015 |
| Additions |
| At 31st October 2016 |
| DEPRECIATION |
| At 1st November 2015 |
| Charge for year |
| At 31st October 2016 |
| NET BOOK VALUE |
| At 31st October 2016 |
| At 31st October 2015 |
| 3. | CREDITORS |
| Creditors include an amount of £ |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ordinary shares | £1 |
| Ordinary 'A' shares | £1 |
| Ordinary 'B' shares | £1 |
| 120 | 100 |
| During the year, 60 Ordinary 'A' shares and 40 Ordinary 'B' shares were converted to Ordinary shares. |
| 5. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 31st October 2016 and |
| 31st October 2015: |
| 2016 | 2015 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Balance outstanding at end of year |