Professional Apprenticeships Ltd - Accounts to registrar (filleted) - small 18.2
Professional Apprenticeships Ltd - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Professional Apprenticeships Ltd |
| Unaudited Financial Statements |
| for the Year Ended 30th September 2020 |
| Professional Apprenticeships Ltd (Registered number: 10147140) |
| Contents of the Financial Statements |
| for the Year Ended 30th September 2020 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Professional Apprenticeships Ltd |
| Company Information |
| for the Year Ended 30th September 2020 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 12 Bridgford Road |
| West Bridgford |
| Nottinghamshire |
| NG2 6AB |
| Professional Apprenticeships Ltd (Registered number: 10147140) |
| Balance Sheet |
| 30th September 2020 |
| 2020 | 2019 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 10 |
| Retained earnings |
| 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. |
| Professional Apprenticeships Ltd (Registered number: 10147140) |
| Balance Sheet - continued |
| 30th September 2020 |
| 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 |
| Professional Apprenticeships Ltd (Registered number: 10147140) |
| Notes to the Financial Statements |
| for the Year Ended 30th September 2020 |
| 1. | STATUTORY INFORMATION |
| Professional Apprenticeships Ltd is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| Fixtures and fittings | - |
| Computer equipment | - |
| Government grants |
| Government grants of a revenue nature are credited to income so as to match them with the related costs to which they are intended to compensate. |
| 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. |
| 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| Professional Apprenticeships Ltd (Registered number: 10147140) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30th September 2020 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and | Computer |
| fittings | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1st October 2019 |
| Additions |
| At 30th September 2020 |
| DEPRECIATION |
| At 1st October 2019 |
| Charge for year |
| At 30th September 2020 |
| NET BOOK VALUE |
| At 30th September 2020 |
| At 30th September 2019 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Bank loans and overdrafts |
| Taxation and social security |
| Other creditors |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Bank loans |
| Professional Apprenticeships Ltd (Registered number: 10147140) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30th September 2020 |
| 8. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 2020 | 2019 |
| £ | £ |
| Within one year |
| Between one and five years |
| 9. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2020 | 2019 |
| £ | £ |
| Bank loans | 18,759 | 7,791 |
| Bank loans are secured by way of personal guarantee from the company directors. |
| 10. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2020 | 2019 |
| value: | £ | £ |
| Class A shares | £1 | 100 | 100 |
| 11. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| During the year a loan account existed between the company and its directors and as at 30 September 2020 the directors owed the company £2,992 (2019 - £7,295 owed to the directors). There has been no interest charged on the loan and the balance has been cleared after the year end by way of dividend. |