Abbreviated Company Accounts - SENATE TRAINING LIMITED

SENATE TRAINING LIMITED - Company Information

03980435 SENATE TRAINING LIMITED 2015-05-31 false 2014-06-01 2015-05-31 true 03980435 2014-06-01 2015-05-31 03980435 2015-05-31 03980435 2014-05-31 03980435 uk-gaap-cd-bus:Director1 2014-06-01 2015-05-31 03980435 uk-gaap-cd-bus:Director2 2014-06-01 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-06-01 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-05-31 iso4217:GBP shares

Registered Number 03980435

SENATE TRAINING LIMITED

Abbreviated Accounts

31 May 2015

SENATE TRAINING LIMITED Registered Number 03980435

Abbreviated Balance Sheet as at 31 May 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	1,522,557	1,346,865
		1,522,557	1,346,865
Current assets
Debtors		153,299	371,750
Cash at bank and in hand		813	1,452
		154,112	373,202
Creditors: amounts falling due within one year		(396,077)	(647,484)
Net current assets (liabilities)		(241,965)	(274,282)
Total assets less current liabilities		1,280,592	1,072,583
Creditors: amounts falling due after more than one year		(823,572)	(785,344)
Provisions for liabilities		(4,833)	(5,294)
Total net assets (liabilities)		452,187	281,945
Capital and reserves
Called up share capital	3	102	101
Revaluation reserve		111,370	111,370
Profit and loss account		340,715	170,474
Shareholders' funds		452,187	281,945

For the year ending 31 May 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 29 February 2016

And signed on their behalf by:
Mr P Keeling, Director

SENATE TRAINING LIMITED Registered Number 03980435

Notes to the Abbreviated Accounts for the period ended 31 May 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts

Tangible assets depreciation policy
Tangible fixed assets other than freehold land are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Freehold No depreciation
Land and buildings Leasehold 2% straight line basis
Computer equipment 33% straight line basis
Fixtures, fittings & equipment 33% reducing balance basis

2Tangible fixed assets

	£
Cost
At 1 June 2014	1,629,687
Additions	252,953
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2015	1,882,640
Depreciation
At 1 June 2014	282,822
Charge for the year	77,261
On disposals	-
At 31 May 2015	360,083
Net book values
At 31 May 2015	1,522,557
At 31 May 2014	1,346,865

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
102 Ordinary shares of £1 each (101 shares for 2014)	102	101

During the year one Ordinary £1 share was issued at par for a consideration of £1.