K2 Training Solutions Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06961254 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2020

for

K2 Training Solutions Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C E Kelly

S M Kelly

SECRETARY:

C E Kelly

REGISTERED OFFICE:

9 Heol Marien

Barry

Vale of Glamorgan

CF63 1FA

REGISTERED NUMBER:

06961254 (England and Wales)

ACCOUNTANTS:

John Price & Co Limited

18 Archer Road

Penarth

Vale of Glamorgan

CF64 3HW

FIXED ASSETS

Tangible assets

4

-

2,332

CURRENT ASSETS

Debtors

5

2,455

9,492

Cash at bank

2,173

87,269

4,628

96,761

CREDITORS

Amounts falling due within one year

6

971

17,622

NET CURRENT ASSETS

3,657

79,139

TOTAL ASSETS LESS CURRENT LIABILITIES

3,657

81,471

PROVISIONS FOR LIABILITIES

7

-

443

NET ASSETS

3,657

81,028

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

3,557

80,928

SHAREHOLDERS' FUNDS

3,657

81,028

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2020 in accordance with Section 476 of the Companies Act 2006.

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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 July 2020 and were signed on its behalf by:

C E Kelly - Director

1.	STATUTORY INFORMATION

K2 Training Solutions Ltd is a private company, limited by shares , registered in England and Wales. 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.

Plant and machinery etc

-

25% on reducing balance and 20% on reducing balance

Taxation

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

Retained Earnings, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2019 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2019

5,878

Disposals

(5,878

)

At 30 June 2020

-

DEPRECIATION

At 1 July 2019

3,546

Charge for year

491

Eliminated on disposal

(4,037

)

At 30 June 2020

-

NET BOOK VALUE

At 30 June 2020

-

At 30 June 2019

2,332

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.20

30.6.19

£

£

Trade debtors

-

9,492

Other debtors

2,455

-

2,455

9,492

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.20

30.6.19

£

£

Trade creditors

-

1

Taxation and social security

-

16,340

Other creditors

971

1,281

971

17,622

7.	PROVISIONS FOR LIABILITIES

30.6.20

30.6.19

£

£

Deferred tax

-

443

Deferred

tax

£

Balance at 1 July 2019

443

Credit to Statement of Income and Retained Earnings during year

(443

)

Balance at 30 June 2020

-

8.	RELATED PARTY DISCLOSURES

The Company is jointly controlled by C E Kelly and S M Kelly