A & A Training Ltd 04496096 false 2017-02-01 2018-01-31 2018-01-31 The principal activity of the company is Training provider Digita Accounts Production Advanced 6.24.8820.0 Software true 04496096 2017-02-01 2018-01-31 04496096 2018-01-31 04496096 bus:OrdinaryShareClass1 2018-01-31 04496096 bus:OrdinaryShareClass2 2018-01-31 04496096 core:RetainedEarningsAccumulatedLosses 2018-01-31 04496096 core:ShareCapital 2018-01-31 04496096 core:CurrentFinancialInstruments 2018-01-31 04496096 core:CurrentFinancialInstruments core:WithinOneYear 2018-01-31 04496096 core:Non-currentFinancialInstruments 2018-01-31 04496096 core:Non-currentFinancialInstruments core:AfterOneYear 2018-01-31 04496096 core:OtherResidualIntangibleAssets 2018-01-31 04496096 core:FurnitureFittingsToolsEquipment 2018-01-31 04496096 core:MotorVehicles 2018-01-31 04496096 core:OtherPropertyPlantEquipment 2018-01-31 04496096 bus:SmallEntities 2017-02-01 2018-01-31 04496096 bus:AuditExemptWithAccountantsReport 2017-02-01 2018-01-31 04496096 bus:FullAccounts 2017-02-01 2018-01-31 04496096 bus:SmallCompaniesRegimeForAccounts 2017-02-01 2018-01-31 04496096 bus:RegisteredOffice 2017-02-01 2018-01-31 04496096 bus:CompanySecretaryDirector1 2017-02-01 2018-01-31 04496096 bus:OrdinaryShareClass1 2017-02-01 2018-01-31 04496096 bus:OrdinaryShareClass2 2017-02-01 2018-01-31 04496096 bus:PrivateLimitedCompanyLtd 2017-02-01 2018-01-31 04496096 core:ComputerSoftware 2017-02-01 2018-01-31 04496096 core:OtherResidualIntangibleAssets 2017-02-01 2018-01-31 04496096 core:FurnitureFittings 2017-02-01 2018-01-31 04496096 core:FurnitureFittingsToolsEquipment 2017-02-01 2018-01-31 04496096 core:MotorVehicles 2017-02-01 2018-01-31 04496096 core:OfficeEquipment 2017-02-01 2018-01-31 04496096 core:OtherPropertyPlantEquipment 2017-02-01 2018-01-31 04496096 core:PlantMachinery 2017-02-01 2018-01-31 04496096 countries:AllCountries 2017-02-01 2018-01-31 04496096 2017-01-31 04496096 core:OtherResidualIntangibleAssets 2017-01-31 04496096 core:FurnitureFittingsToolsEquipment 2017-01-31 04496096 core:MotorVehicles 2017-01-31 04496096 core:OtherPropertyPlantEquipment 2017-01-31 04496096 2016-02-01 2017-01-31 04496096 2017-01-31 04496096 bus:OrdinaryShareClass1 2017-01-31 04496096 bus:OrdinaryShareClass2 2017-01-31 04496096 core:RetainedEarningsAccumulatedLosses 2017-01-31 04496096 core:ShareCapital 2017-01-31 04496096 core:CurrentFinancialInstruments 2017-01-31 04496096 core:CurrentFinancialInstruments core:WithinOneYear 2017-01-31 04496096 core:Non-currentFinancialInstruments 2017-01-31 04496096 core:Non-currentFinancialInstruments core:AfterOneYear 2017-01-31 04496096 core:OtherResidualIntangibleAssets 2017-01-31 04496096 core:FurnitureFittingsToolsEquipment 2017-01-31 04496096 core:MotorVehicles 2017-01-31 04496096 core:OtherPropertyPlantEquipment 2017-01-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 04496096

A & A Training Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 January 2018

 

A & A Training Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Financial Statements

4 to 10

 

A & A Training Ltd

Company Information

Director

Mr Patrick Harold Stork

Company secretary

Mr Patrick Harold Stork

Registered office

2 Exeter House
Beaufort Court
Sir Thomas Longley Road
Rochester
Kent
ME2 4FE

 

A & A Training Ltd

(Registration number: 04496096)
Balance Sheet as at 31 January 2018

Note

2018
£

2017
£

Fixed assets

 

Intangible assets

4

24,625

3,419

Tangible assets

5

107,124

139,674

Investment property

16,379

21,838

 

148,128

164,931

Current assets

 

Debtors

6

559,396

568,953

Cash at bank and in hand

 

15,607

14

 

575,003

568,967

Creditors: Amounts falling due within one year

7

(575,910)

(733,036)

Net current liabilities

 

(907)

(164,069)

Total assets less current liabilities

 

147,221

862

Creditors: Amounts falling due after more than one year

7

(19,710)

-

Provisions for liabilities

(21,477)

(23,517)

Net assets/(liabilities)

 

106,034

(22,655)

Capital and reserves

 

Called up share capital

8

12

12

Profit and loss account

106,022

(22,667)

Total equity

 

106,034

(22,655)

For the financial year ending 31 January 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

 

A & A Training Ltd

(Registration number: 04496096)
Balance Sheet as at 31 January 2018

Approved and authorised by the director on 29 November 2018
 

.........................................

Mr Patrick Harold Stork
Company secretary and director

 

A & A Training Ltd

Notes to the Financial Statements for the Year Ended 31 January 2018

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Exeter House
Beaufort Court
Sir Thomas Longley Road
Rochester
Kent
ME2 4FE
England

The principal place of business is:
Unit B Future Court
George Summers Close
Medway City Estate
Rochester
Kent
ME2 4EL

These financial statements were authorised for issue by the director on 29 November 2018.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

A & A Training Ltd

Notes to the Financial Statements for the Year Ended 31 January 2018

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and Machinery

25% reducing balance

Fixture and Fittings

25% reducing balance

Motor Vehicles

25% reducing balance

Office Equipment

25% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Computer Software

20% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

A & A Training Ltd

Notes to the Financial Statements for the Year Ended 31 January 2018

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease. Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the Balance Sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the Profit and Loss Account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

A & A Training Ltd

Notes to the Financial Statements for the Year Ended 31 January 2018

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 41 (2017 - 38).

4

Intangible assets

Other intangible assets
 £

Total
£

Cost or valuation

At 1 February 2017

4,274

4,274

Additions acquired separately

27,576

27,576

At 31 January 2018

31,850

31,850

Amortisation

At 1 February 2017

855

855

Amortisation charge

6,370

6,370

At 31 January 2018

7,225

7,225

Carrying amount

At 31 January 2018

24,625

24,625

At 31 January 2017

3,419

3,419

The aggregate amount of research and development expenditure recognised as an expense during the period is £Nil (2017 - £Nil).
 

 

A & A Training Ltd

Notes to the Financial Statements for the Year Ended 31 January 2018

5

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 February 2017

112,310

5,688

217,220

335,218

Additions

3,157

-

-

3,157

At 31 January 2018

115,467

5,688

217,220

338,375

Depreciation

At 1 February 2017

77,711

5,015

112,818

195,544

Charge for the year

9,439

168

26,100

35,707

At 31 January 2018

87,150

5,183

138,918

231,251

Carrying amount

At 31 January 2018

28,317

505

78,302

107,124

At 31 January 2017

34,599

673

104,402

139,674

Included within the net book value of land and buildings above is £Nil (2017 - £Nil) in respect of short leasehold land and buildings.
 

6

Debtors

2018
£

2017
£

Trade debtors

263,225

169,433

Prepayments

3,914

2,272

Other debtors

292,257

397,248

559,396

568,953

 

A & A Training Ltd

Notes to the Financial Statements for the Year Ended 31 January 2018

7

Creditors

Creditors: amounts falling due within one year

Note

2018
£

2017
£

Due within one year

 

Bank loans and overdrafts

9

57,427

104,221

Trade creditors

 

21,857

128,402

Taxation and social security

 

406,074

423,934

Accruals and deferred income

 

3,490

5,000

Other creditors

 

87,062

71,479

 

575,910

733,036

Creditors: amounts falling due after more than one year

Note

2018
£

2017
£

Due after one year

 

Loans and borrowings

9

19,710

-

8

Share capital

Allotted, called up and fully paid shares

 

2018

2017

 

No.

£

No.

£

Ordinary A of £1 each

9

9

9

9

Ordinary B of £1 each

3

3

3

3

 

12

12

12

12

9

Loans and borrowings

2018
£

2017
£

Non-current loans and borrowings

Finance lease liabilities

19,710

-

 

A & A Training Ltd

Notes to the Financial Statements for the Year Ended 31 January 2018

2018
£

2017
£

Current loans and borrowings

Bank overdrafts

39,492

49,130

Finance lease liabilities

5,460

34,172

Other borrowings

12,475

20,919

57,427

104,221

10

Related party transactions

Directors' remuneration

The director's remuneration for the year was as follows:

2018
£

2017
£

Remuneration

54,229

37,980