Vocational Training Hub Limited
Vocational Training Hub Limited
Registered number: 07397100
Financial Statements
For the Period 1 November 2016 to 28 February 2018
Biznav, Chartered Accountants
Southbridge House
Southbridge Place
Croydon
Surrey
CR0 4HA
Vocational Training Hub Limited
Financial Statements
For the Period 1 November 2016 to 28 February 2018
Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—5 |
Vocational Training Hub Limited
Balance Sheet
As at
28 February 2018
Balance Sheet
Registered number:
07397100
For the period ending 28 February 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| Period to 28 February 2018 | 31 October 2016 | ||||
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Intangible Assets | 2 |
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| CURRENT ASSETS | |||||
| Debtors | 3 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 4 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 5 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | (130,008) | (21,145) | |||
Page 1
Vocational Training Hub Limited
Balance Sheet (continued)
As at
28 February 2018
Directors' responsibilities:
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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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
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The notes on pages 3 to 5 form part of these financial statements.
Page 2
Vocational Training Hub Limited
Notes to the Financial Statements
For the Period 1 November 2016 to 28 February 2018
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
1.3.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and form the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
1.4.
Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are Computer Software. It is amortised to profit and loss account over its estimated economic life of 8 years.
1.5.
Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.
Intangible Assets
| Other | |||
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| Cost | |||
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| Amortisation | |||
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| Provided during the period |
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| Net Book Value | |||
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Page 3
Vocational Training Hub Limited
Notes to the Financial Statements (continued)
For the Period 1 November 2016 to 28 February 2018
3.
Debtors
| Period to 28 February 2018 | 31 October 2016 | ||
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| £ | £ | ||
| Due within one year | |||
| Directors' loan accounts | - | 150 | |
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4.
Creditors: Amounts Falling Due Within One Year
| Period to 28 February 2018 | 31 October 2016 | ||
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| £ | £ | ||
| Bank loans and overdrafts |
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| Other creditors |
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| Accruals |
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| Directors' loan accounts |
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| Amounts owed to group undertakings |
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6.
Related Party Transactions
Shahab Ali
Shahab Ali is the director of the company.
At balance sheet date, the company owed the director £1,725 (2016: -£150).
Altech Investments Limited
Vocational Training Hub Limited is a wholly owned subsidiary of Altech Investments Limited.
Included within 'Amounts owed to group undertakings' is the amount of £137,034 (2016: £0) due to Altech Investments Limited. During the year, management charges from Altech Investments Limited amounted to £96,834.
7.
Ultimate Controlling Party
The company's immediate and ultimate parent undertaking is Altech Investments Limited, which holds 100% shareholding of Vocational Traninig Hub Limited. The ultimate controlling party are Shahzad Ali and Madiha Adil who have 100% shareholding in Altech Investments Limited.
Page 4
Vocational Training Hub Limited
Notes to the Financial Statements (continued)
For the Period 1 November 2016 to 28 February 2018
8.
General Information
Vocational Training Hub Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07397100 . The registered office is 228a High Street, Bromley, England, BR1 1PQ.
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