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FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2020 |
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Devon Training Hub Limited |
REGISTERED NUMBER:
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FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2020 |
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FOR |
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Devon Training Hub Limited |
Devon Training Hub Limited (Registered number: 10706912) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the year ended 31 March 2020 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 | to | 3 |
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Notes to the Financial Statements | 4 | to | 6 |
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Devon Training Hub Limited |
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COMPANY INFORMATION |
for the year ended 31 March 2020 |
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Directors: |
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Registered office: |
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Registered number: |
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Accountants: |
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129 North Hill |
Plymouth |
Devon |
PL4 8JY |
Devon Training Hub Limited (Registered number: 10706912) |
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BALANCE SHEET |
31 March 2020 |
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2020 | 2019 |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 4 |
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Current assets |
Debtors | 5 |
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Cash at bank |
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Creditors |
Amounts falling due within one year | 6 |
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Net current assets |
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Total assets less current liabilities |
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Reserves |
Profit and loss account |
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Devon Training Hub Limited (Registered number: 10706912) |
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BALANCE SHEET - continued |
31 March 2020 |
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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 surplus or deficit 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. |
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In accordance with Section 444 of the Companies Act 2006, the Profit & Loss Account has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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Devon Training Hub Limited (Registered number: 10706912) |
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NOTES TO THE FINANCIAL STATEMENTS |
for the year ended 31 March 2020 |
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1. | STATUTORY INFORMATION |
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Devon Training Hub Limited is a
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England and Wales. The company's registered number and registered office address can be |
found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover derives from multiple sources and is accounted for as follows:- |
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Grant funding: |
The major source of funding is from Health Education England to deliver training and |
general education to medical professionals. Grant funding is accounted for when it is |
receivable and treated as deferred income when it is ear-marked for expenditure in future |
budget periods or funding for a specific project or purpose. |
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Delegate training: |
All fees relating to training of delegates paying for courses are accounted for as income at |
the point at which the course has been delivered to the participants. |
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Sponsorship: |
Sponsorship income derives from outside parties sponsoring delegate events and is |
accounted for as income at the same time as the associated course has been delivered. |
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Membership fees: |
Membership of training and educational forums are paid to each membership period and |
accounted for on a pro-rata basis according to the period of time elapsed in the membership |
period. |
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Other income: |
Other income is accounted for on the delivery of the service or deferred to match the |
associated costs to be incurred at a future date. |
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Tangible fixed assets |
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Short leasehold | - |
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Computer equipment | - |
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Debtors |
Short term debtors are measured at transaction price (which is usually the invoice price), |
less any impairment losses for bad and doubtful debts. Loans and other financial assets are |
initially recognised at transaction price including any transaction costs and subsequently |
measured at amortised cost determined using the effective interest method, less any |
impairment losses for bad and doubtful debts. |
Devon Training Hub Limited (Registered number: 10706912) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 March 2020 |
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2. | ACCOUNTING POLICIES - continued |
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Creditors |
Short term creditors are measured at transaction price (which is usually the invoice price). |
Loans and other financial liabilities are initially recognised at transaction price net of any |
transaction costs and subsequently measured at amortised cost determined using the |
effective interest method. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | TANGIBLE FIXED ASSETS |
Short | Computer |
leasehold | equipment | Totals |
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Cost |
At 1 April 2019 |
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Additions |
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At 31 March 2020 |
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Depreciation |
At 1 April 2019 |
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Charge for year |
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At 31 March 2020 |
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Net book value |
At 31 March 2020 |
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At 31 March 2019 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Trade debtors |
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Other debtors |
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Devon Training Hub Limited (Registered number: 10706912) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 March 2020 |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Deferred income |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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7. | LIMITED BY GUARANTEE |
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The liability of members is limited by guarantee which is restricted to £1 per member. There |
are 4 members and their liability is therefore restricted to a total of £4. |