Training Circle Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07052674

Financial statements for the year ended 31 December 2018

For

Training Circle Limited

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

4

Notes to the Financial Statements

6

DIRECTOR:

Mrs K Parker

REGISTERED OFFICE:

9 Bickels Yard

151-153 Bermondsey Street

London Bridge

London

SE1 3HA

REGISTERED NUMBER:

07052674

ACCOUNTANTS:

Parker Randall UK LLP

Chartered Accountants

Level 30

The Leadenhall Building,

122 Leadenhall Building

City of London

London

EC3V 4AB

The following reproduces the text of the report prepared for the director in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act 2006,

the company is only required to file a Balance Sheet. Readers are cautioned that the Income

Statement and certain other primary statements and the Report of the Director are not required

to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your

approval the financial statements of Training Circle Limited for the year ended 31 December 2018

which comprise the Income Statement, Balance Sheet and the related notes from the company's

accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Training Circle Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Training Circle Limited and state those matters that we have agreed to state to the director of Training Circle Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Training Circle Limited and its director for our work or for this report.

It is your duty to ensure that Training Circle Limited 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 loss of Training Circle Limited. You consider that Training Circle Limited 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 Training Circle Limited. 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.

Parker Randall UK LLP

Chartered Accountants

Level 30

The Leadenhall Building,

122 Leadenhall Building

City of London

London

EC3V 4AB

20 September 2019

Fixed assets

Tangible assets

4

3,556

6,650

Current assets

Debtors

5

1,880

19,600

Cash at bank

82

7,602

1,962

27,202

Creditors

Amounts falling due within one year

6

22,847

21,901

Net current (liabilities)/assets

(20,885

)

5,301

Total assets less current liabilities

(17,329

)

11,951

Creditors

Amounts falling due after more than one year

7

6,938

5,849

Net (liabilities)/assets

(24,267

)

6,102

Capital and reserves

Called up share capital

1,000

1,000

Retained earnings

(25,267

)

5,102

Shareholders' funds

(24,267

)

6,102

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 20 September 2019 and were signed by:

Mrs K Parker - Director

1.	STATUTORY INFORMATION

Training Circle Limited is a private company, limited by shares , registered in Not

specified/Other. The company's registered number and registered office address can be found on

the Company Information page.

2.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income

Statement, except to the extent that it relates to items recognised in other comprehensive income

or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in

periods different from those in which they are recognised in financial statements. Deferred tax is

measured using tax rates and laws that have been enacted or substantively enacted by the year

end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is

probable that they will be recovered against the reversal of deferred tax liabilities or other future

taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2018

and 31 December 2018

23,662

DEPRECIATION

At 1 January 2018

17,012

Charge for year

3,094

At 31 December 2018

20,106

NET BOOK VALUE

At 31 December 2018

3,556

At 31 December 2017

6,650

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Trade debtors

1,880

5,877

Other debtors

-

13,723

1,880

19,600

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Bank loans and overdrafts

3,000

5,000

Trade creditors

902

902

Taxation and social security

9,934

6,988

Other creditors

9,011

9,011

22,847

21,901

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.18

31.12.17

£

£

Bank loans

-

3,107

Other creditors

6,938

2,742

6,938

5,849

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Mrs K Parker.