false
false
false
true
false
false
false
false
false
false
true
false
false
false
false
false
false
false
No description of principal activity
2016-04-01
Sage Accounts Production Advanced 2017 Update 4 - FRS
160,814
8,668
xbrli:pure
xbrli:shares
iso4217:GBP
01130761
2016-04-01
2017-03-31
01130761
2017-03-31
01130761
2016-03-31
01130761
2015-04-01
2016-03-31
01130761
2016-03-31
01130761
bus:RegisteredOffice
2016-04-01
2017-03-31
01130761
bus:LeadAgentIfApplicable
2016-04-01
2017-03-31
01130761
bus:Director3
2016-04-01
2017-03-31
01130761
bus:Director4
2016-04-01
2017-03-31
01130761
bus:Director5
2016-04-01
2017-03-31
01130761
bus:Director6
2016-04-01
2017-03-31
01130761
bus:Director6
2017-03-31
01130761
core:FurnitureFittings
2016-03-31
01130761
core:WithinOneYear
2017-03-31
01130761
core:WithinOneYear
2016-03-31
01130761
core:FurnitureFittings
2016-04-01
2017-03-31
01130761
core:RetainedEarningsAccumulatedLosses
2016-03-31
01130761
core:RetainedEarningsAccumulatedLosses
2015-03-31
01130761
core:RetainedEarningsAccumulatedLosses
2017-03-31
01130761
core:RetainedEarningsAccumulatedLosses
2016-03-31
01130761
core:ShareCapital
2017-03-31
01130761
core:ShareCapital
2016-03-31
01130761
core:CapitalRedemptionReserve
2017-03-31
01130761
core:CapitalRedemptionReserve
2016-03-31
01130761
bus:LeadAgentIfApplicable
2015-04-01
2016-03-31
01130761
bus:FRS102
2016-04-01
2017-03-31
01130761
bus:Audited
2016-04-01
2017-03-31
01130761
bus:FullAccounts
2016-04-01
2017-03-31
01130761
bus:SmallCompaniesRegimeForAccounts
2016-04-01
2017-03-31
01130761
bus:PrivateLimitedCompanyLtd
2016-04-01
2017-03-31
01130761
core:ComputerEquipment
2016-03-31
01130761
core:ComputerEquipment
2016-04-01
2017-03-31
01130761
core:OtherGroupMember1
2016-04-01
2017-03-31
01130761
core:OtherGroupMember1
2017-03-31
01130761
core:OtherRelatedPartyRelationshipType1ComponentTotalRelatedParties
2016-04-01
2017-03-31
01130761
core:OtherRelatedPartyRelationshipType1ComponentTotalRelatedParties
2017-03-31
COMPANY REGISTRATION NUMBER:
01130761
Capital Training Group Limited
|
|
Capital Training Group Limited
|
|
Year ended 31 March 2017
Independent auditor's report to the members
|
3
|
|
|
Statement of income and retained earnings
|
5
|
|
|
Statement of financial position
|
6
|
|
|
Notes to the financial statements
|
7
|
|
|
Capital Training Group Limited
|
|
Year ended 31 March 2017
The directors present their report and the financial statements of the company for the year ended
31 March 2017
.
Directors
The directors who served the company during the year were as follows:
P J Dunckley
|
|
D L Galway
|
|
A L Galway
|
|
S C H Bozzoli
|
(Appointed
4 August 2016)
|
|
|
Directors' responsibilities statement
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period. In preparing these financial statements, the directors are required to: - select suitable accounting policies and then apply them consistently; - make judgments and accounting estimates that are reasonable and prudent; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Auditor
Each of the persons who is a director at the date of approval of this report confirms that:
-
so far as they are aware, there is no relevant audit information of which the company's auditor is unaware; and - they have taken all steps that they ought to have taken as a director to make themselves aware of any relevant audit information and to establish that the company's auditor is aware of that information.
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on
19 December 2017
and signed on behalf of the board by:
Registered office:
|
The Old Wheel House
|
31-37 Church Street
|
Reigate
|
Surrey
|
RH2 0AD
|
|
Capital Training Group Limited
|
|
Independent Auditor's Report to the Members of
Capital Training Group Limited
|
|
Year ended 31 March 2017
We have audited the financial statements of
Capital Training Group Limited
for the year ended 31 March 2017 which comprise the statement of income and retained earnings, statement of financial position and the related notes. The financial reporting framework that has been applied in their preparation is applicable law and the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland''.
This report is made solely to the company's members, as a body, in accordance with chapter 3 of part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.
Respective responsibilities of directors and auditor
As explained more fully in the directors' responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view. Our responsibility is to audit and express an opinion on the financial statements in accordance with applicable law and International Standards on Auditing (UK and Ireland). Those standards require us to comply with the Auditing Practices Board's Ethical Standards for Auditors.
Scope of the audit of the financial statements
A description of the scope of an audit of financial statements is provided on the Financial Reporting Council’s website at www.frc.org.uk/auditscopeukprivate.
Opinion on financial statements
In our opinion the financial statements: - give a true and fair view of the state of the company's affairs as at 31 March 2017 and of its profit for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and - have been prepared in accordance with the requirements of the Companies Act 2006.
Opinion on other matter prescribed by the Companies Act 2006
In our opinion the information given in the directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion: - adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or - the financial statements are not in agreement with the accounting records and returns; or - certain disclosures of directors' remuneration specified by law are not made; or - we have not received all the information and explanations we require for our audit; and - the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies exemption in preparing the directors' report and take advantage of the small companies exemption from the requirement to prepare a strategic report.
J N KELLY
|
(Senior Statutory Auditor)
|
|
For and on behalf of
|
Coveney Nicholls Partnership LLP
|
Chartered accountant & statutory auditor
|
The Old Wheel House
|
31/37 Church Street
|
Reigate
|
Surrey
|
UK
|
RH2 0AD
|
|
19 December 2017
Capital Training Group Limited
|
|
Statement of Income and Retained Earnings
|
|
Year ended 31 March 2017
|
2017
|
2016
|
Note
|
£
|
£
|
Turnover
|
2,387,048
|
2,221,104
|
|
|
|
Cost of sales
|
2,008,676
|
1,872,516
|
|
------------
|
------------
|
Gross profit
|
378,372
|
348,588
|
|
|
|
Administrative expenses
|
212,932
|
338,488
|
|
---------
|
---------
|
Operating profit
|
165,440
|
10,100
|
|
|
|
|
---------
|
---------
|
Profit before taxation
|
165,440
|
10,100
|
|
|
|
Tax on profit
|
4,626
|
1,432
|
|
---------
|
--------
|
Profit for the financial year and total comprehensive income
|
160,814
|
8,668
|
|
---------
|
--------
|
|
|
|
Retained earnings at the start of the year
|
978,021
|
969,353
|
|
------------
|
---------
|
Retained earnings at the end of the year
|
1,138,835
|
978,021
|
|
------------
|
---------
|
|
|
|
All the activities of the company are from continuing operations.
Capital Training Group Limited
|
|
Statement of Financial Position
|
|
31 March 2017
Current assets
Debtors
|
7
|
1,224,651
|
|
1,134,127
|
Cash at bank and in hand
|
275,143
|
|
153,787
|
|
------------
|
|
------------
|
|
1,499,794
|
|
1,287,914
|
|
|
|
|
|
Prepayments and accrued income
|
4,192
|
|
21,376
|
|
|
|
|
Creditors: amounts falling due within one year
|
8
|
115,113
|
|
85,344
|
|
------------
|
|
------------
|
Net current assets
|
|
1,388,873
|
1,223,946
|
|
|
------------
|
------------
|
Total assets less current liabilities
|
|
1,388,873
|
1,223,946
|
|
|
|
|
|
Accruals and deferred income
|
|
235,038
|
230,925
|
|
|
------------
|
------------
|
Net assets
|
|
1,153,835
|
993,021
|
|
|
------------
|
------------
|
|
|
|
|
Capital and reserves
Called up share capital
|
|
9,232
|
9,232
|
Capital redemption reserve
|
|
5,768
|
5,768
|
Profit and loss account
|
|
1,138,835
|
978,021
|
|
|
------------
|
---------
|
Shareholders funds
|
|
1,153,835
|
993,021
|
|
|
------------
|
---------
|
|
|
|
|
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
These financial statements were approved by the
board of directors
and authorised for issue on
19 December 2017
, and are signed on behalf of the board by:
Company registration number:
01130761
Capital Training Group Limited
|
|
Notes to the Financial Statements
|
|
Year ended 31 March 2017
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Old Wheel House, 31-37 Church Street, Reigate, Surrey, RH2 0AD.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Transition to FRS 102
The entity transitioned from previous UK GAAP to FRS 102 as at 1 April 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 11.
Judgements and key sources of estimation uncertainty
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows: Useful economic lives of tangible assets The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets. See note 6 for the carrying amount of the property plant and equipment. Impairment of trade debtors The company makes an estimate of the recoverable value of trade and other debtors. When assessing impairment of trade and other debtors, management considers factors including the ageing profile of debtors and historical experience.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Fixtures and Fittings
|
-
|
straight line between 16 months and 4 years
|
|
Equipment
|
-
|
straight line between 16 months and 4 years
|
|
|
|
|
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units
.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4.
Auditor's remuneration
|
2017
|
2016
|
|
£
|
£
|
Fees payable for the audit of the financial statements
|
4,995
|
4,850
|
|
-------
|
-------
|
|
|
|
5.
Employee numbers
The average number of persons employed by the company during the year amounted to
3
(2016:
5
).
6.
Tangible assets
|
Fixtures and fittings
|
Equipment
|
Total
|
|
£
|
£
|
£
|
Cost
|
|
|
|
At 1 April 2016
|
48,263
|
103,566
|
151,829
|
Disposals
|
(
48,263)
|
(
103,566)
|
(
151,829)
|
|
--------
|
---------
|
---------
|
At 31 March 2017
|
–
|
–
|
–
|
|
--------
|
---------
|
---------
|
Depreciation
|
|
|
|
At 1 April 2016
|
48,263
|
103,566
|
151,829
|
Disposals
|
(
48,263)
|
(
103,566)
|
(
151,829)
|
|
--------
|
---------
|
---------
|
At 31 March 2017
|
–
|
–
|
–
|
|
--------
|
---------
|
---------
|
Carrying amount
|
|
|
|
At 31 March 2017
|
–
|
–
|
–
|
|
--------
|
---------
|
---------
|
At 31 March 2016
|
–
|
–
|
–
|
|
--------
|
---------
|
---------
|
|
|
|
|
7.
Debtors
|
2017
|
2016
|
|
£
|
£
|
Trade debtors
|
99,688
|
107,692
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest
|
1,104,330
|
1,001,176
|
Other debtors
|
20,633
|
25,259
|
|
------------
|
------------
|
|
1,224,651
|
1,134,127
|
|
------------
|
------------
|
|
|
|
The amounts due from group undertakings are all due from Capital Engineering Group Holdings Limited, are interest free and repayable on demand.
8.
Creditors:
amounts falling due within one year
|
2017
|
2016
|
|
£
|
£
|
Trade creditors
|
93,823
|
59,679
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest
|
–
|
1,702
|
Social security and other taxes
|
21,290
|
23,963
|
|
---------
|
--------
|
|
115,113
|
85,344
|
|
---------
|
--------
|
|
|
|
9.
Related party transactions
The company is ultimately controlled by D Galway, the majority shareholder in the ultimate parent company. The company transacts in the normal course of business with
Hands On Skills Training Limited (HOST
), a company in which the immediate parent company has a 49% interest. A Galway, a company director, is also a director and majority shareholder of HOST. During the year the company paid HOST £52,472 (2016 - £152,995) for services rendered, and a balance of £ 3,106
(2016 - £18,844) was due at the balance sheet date. The company transacts in the normal course of business with Industrial Training Services Limited (ITS), a company in which the immediate parent company has a 80% interest. During the year the company paid ITS £1,588 (2016 - £18,133) for services rendered, and a balance of £nil (2016 - £1,380) was due at the balance sheet date. HOST also incurs various expenditure on behalf of Capital Training Group Limited
, and Capital Training Group Limited
has advanced loans to HOST. At the year end a balance of £78,880 (2016 - £1,702) was included in amounts due from (2016 - due to) associated undertakings. The company transacts in the normal course of business with Future Ldn Limited, a company in which S Bozzoli is a shareholder and direct
. S Bozzoli is also a director of the company. During the year a total of £707,802 (2016 - £287,402) was paid to Future Ldn Limited
for services rendered in the normal course of business. A balance of £ 76,577
(2016 - £6,084) was outstanding at the year end. The company is a wholly owned subsidiary of Capital Engineering Group Holdings (2013) Limited and the results of the company are included in the consolidated financial statements of the ultimate parent undertaking, Capital Engineering Group Holdings (2013) Limited and accordingly no related party transactions with other wholly owned group companies have been disclosed.
10.
Controlling party
The immediate parent company is
Capital Engineering Group Holdings Limited
, a company incorporated in England and Wales under registration number 05402689. The ultimate parent company is Capital Engineering Group Holdings (2013) Limited, a company incorporated in England and Wales under registration number 08584840. The ultimate controlling party of Capital Engineering Group Holdings (2013) Limited is Mr D L Galway
. Capital Engineering Group Holdings (2013) Limited is largest and smallest company to prepare group accounts in which the results of the company are included. Its registered office is The Old Wheel House, 31/37 Church Street, Reigate, Surrey, RH2 0AD.
11.
Transition to FRS 102
These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 April 2015.
No transitional adjustments were required in equity or profit or loss for the year.