Training Syndicate Limited - Limited company accounts 11.6
Training Syndicate Limited - Limited company accounts 11.6
| REGISTERED NUMBER: |
| REPORT OF THE DIRECTORS AND |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 AUGUST 2014 |
| FOR |
| TRAINING SYNDICATE LIMITED |
| TRAINING SYNDICATE LIMITED (REGISTERED NUMBER: 03441532) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 AUGUST 2014 |
| Page |
| Company Information | 1 |
| Report of the Directors | 2 |
| Profit and Loss Account | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5 |
| TRAINING SYNDICATE LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 AUGUST 2014 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| TRAINING SYNDICATE LIMITED (REGISTERED NUMBER: 03441532) |
| REPORT OF THE DIRECTORS |
| FOR THE YEAR ENDED 31 AUGUST 2014 |
| The directors present their report with the financial statements of the company for the year ended 31 August 2014. |
| DIRECTORS |
| The directors shown below have held office during the whole of the period from 1 September 2013 to the date of this |
| report. |
| This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating |
| to small companies. |
| ON BEHALF OF THE BOARD: |
| TRAINING SYNDICATE LIMITED (REGISTERED NUMBER: 03441532) |
| PROFIT AND LOSS ACCOUNT |
| FOR THE YEAR ENDED 31 AUGUST 2014 |
| 2014 | 2013 |
| Notes | £ | £ |
| TURNOVER | 2 |
| Administrative expenses |
| OPERATING PROFIT | 3 |
| Interest payable and similar charges |
| PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION |
| Tax on profit on ordinary activities | 4 |
| PROFIT FOR THE FINANCIAL YEAR |
| TRAINING SYNDICATE LIMITED (REGISTERED NUMBER: 03441532) |
| BALANCE SHEET |
| 31 AUGUST 2014 |
| 2014 | 2013 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 6 |
| CURRENT ASSETS |
| Debtors | 7 |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Profit and loss account | 10 |
| 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. |
| The financial statements were approved by the Board of Directors on by: |
| TRAINING SYNDICATE LIMITED (REGISTERED NUMBER: 03441532) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 AUGUST 2014 |
| 1. | ACCOUNTING POLICIES |
| 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 April 2008). |
| Turnover |
| Turnover represents net invoiced sales of services, excluding value added tax. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| 2. | TURNOVER |
| The turnover and profit before taxation are attributable to the one principal activity of the company. |
| 3. | OPERATING PROFIT |
| The operating profit is stated after charging: |
| 2014 | 2013 |
| £ | £ |
| Depreciation - owned assets |
| Directors' remuneration and other benefits etc |
| 4. | TAXATION |
| Analysis of the tax charge |
| The tax charge on the profit on ordinary activities for the year was as follows: |
| 2014 | 2013 |
| £ | £ |
| Current tax: |
| UK corporation tax |
| Prior year tax adjustment | - | (15 | ) |
| Tax on profit on ordinary activities |
| 5. | DIVIDENDS |
| 2014 | 2013 |
| £ | £ |
| £1 Ordinary shares of £1 each |
| Interim | 10,000 | 8,000 |
| TRAINING SYNDICATE LIMITED (REGISTERED NUMBER: 03441532) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 AUGUST 2014 |
| 6. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 1 September 2013 |
| and 31 August 2014 |
| DEPRECIATION |
| At 1 September 2013 |
| Charge for year |
| At 31 August 2014 |
| NET BOOK VALUE |
| At 31 August 2014 |
| At 31 August 2013 |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2014 | 2013 |
| £ | £ |
| Other debtors | 11,482 | 12,110 |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2014 | 2013 |
| £ | £ |
| Taxation and social security |
| Other creditors |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2014 | 2013 |
| value: | £ | £ |
| £1 Ordinary | £1 |
| £1 A Ordinary - Non-Equity | £1 |
| £1 B Ordinary - Non Equity | £1 |
| £1 C Ordinary - Non-Equity | £1 |
| 5 | 5 |
| TRAINING SYNDICATE LIMITED (REGISTERED NUMBER: 03441532) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 AUGUST 2014 |
| 10. | RESERVES |
| Profit |
| and loss |
| account |
| £ |
| At 1 September 2013 |
| Profit for the year |
| Dividends | ( |
) |
| At 31 August 2014 |
| 11. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 31 August 2014 and |
| 31 August 2013: |
| 2014 | 2013 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Balance outstanding at end of year |
| During the year, dividends totalling £10,000 (2013 - £8,000 were paid to G Edwards. |