B.C.W. TRAINING LIMITED
ids.
hartered accountants
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 MARCH 2023
2023
Notes
2022
Income
Administrative expenses
Other operating income
282,883
(304,207)
2.692
280.068
(266,427)
2.693
Operating surplus
(18.632)
16,334
Interest re￿1vable and similar income
Interest payable and similar expenses
13
(1,681)
Surplusl{d8fl¢it) before tax
{18,630)
14.666
Taxation
Surplusl(deficlt) for the financlal year
(18,630)
14,666

B.C.W. TRAINING LIMITED
ids.
chartered accountants
BALANCE SHEET
ASAT31 MARCH 2023
2023
Notes
2022
Flxed assets
Tangible assets
7,217
10,212
Current ass8ts
Stocks
Debtors
Cash at bank and in hand
1,250
20.529
5,399
1,250
20.200
27.798
Credito￿. amounts falllng due wlthin
one year
27.178
49,248
(6.459)
{12,894)
Net cUr￿nt assets
20,719
36,354
Total assets less current liablllties
27,936
46,566
Capltal and reserves
Called up share capital
Other reserves
Income and expenditure account
23
10,500
17,413
23
10,500
36.043
Total equity
27,936
46,566
The financial statements were approved by management and authorised for issue on 8 November 2023 are
signed on its behalf by."
J Hlll (Secretary)
Black (Chalrp8rson)
R McNelll (Commlttee Member)
Soclety Reglstratlon No. IP000249

B.C.W. TRAINING LIMITED
ids.
chartered accountants
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Accounting policles
Soclety Informatlon
B.C.W. Training Limited is a society domiciled and incorporated in Northern Ireland. The registered office is
Unit 18 Moyle Enterprise Park, BALLYCASTLE, Co Antrim, BT54 6EZ.
1.1 Accounting convention
These financial statements have been prepared in accordance with FRS 102 °The Financial Reporting
standard applicable in the UK and Republic of Ireland" ("FRS 102°) and the requirements of the Co-operative
and Community Benefit Societies Act (Northern Ireland) 2014.
The financial statements are prepared in sterling, which is the functional currency of the society. Monetary
amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting
policies adopted are set out below.
1.2 Turnover
Income is recognised to the extent that the society obtains the right to consideration in exchange for its
services. Income is measured at the fair value of the consideration received or receivable.
1.3 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of
depreciation and any impairment losses.
Depreciation is recognlsed so as to write off the cost or valuation of assets less their residual values over their
useful lives on the following bases:
Land and buildings Freehold
Fixtures, fittings & equipment
Computer equipment
straight line over 20 years
250A reducing balan
12.50/0 reducing balance
1.4 Impalrment of fixed assets
At each reporting period end date, the society reviews the carrying amounts of its tangible assets to
determine whether there is any indication that those assets have suffered an impairment loss. If any such
indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the
impairment loss (if any). Vvhere 5t is not possible to estimate the recoverable amount of an individual asset,
the society estimates the recoverable amount of the cash-generating unit to which the asset belongs.
1.5 Stocks
stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost
comprises direct materials and, where applicable, direct labour costs and those overheads that have been
incurred in bringing the stocks to their present location and condition.
1.6 Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with
banks, other short-term liquid investments with original maturities of three months or less, and bank
overdrafts. Bank overdrafts are shown within borrowings in current liabiliti¢!s.

.C.W. TRAINING LIMITED
ids.
chartered accountants
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Accountlng pollcies
{Continued)
1.7 Financial Instruments
The society has elected to apply the provisions of Section 11 'Basic Financial Instruments. and Section 12
'Other Financial Instruments Issues. of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the society's statement of financial position when the society
becomes paty to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounls presented in the financial statements, when
there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a
net basi5 or to realise the asset and settlè the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried at amortised cost using the
effective interest method unless the arrangement Gonstitutes a financing transaction, where the transaction is
measured at the present value of the future receipts discounted at a market rate of interest. Financial assets
classified as receivable within one year are not amortised.
Classrficatlon of financial Ilabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual
arrangements entered into. An equity instrument is any contract that evidences a residual interest in the
assets of the society after deducting all of its liabilities.
Basic financial Ilabilitles
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference
shares that are classified as debt, are initially recognised at transaction price unless the arrangement
constitutes a financing transaction, where the debt instrument is measured at the present value of the future
payments discounted at a markèt rate of interest. Financial liabilities classified as payable within one year are
not amortised.
Debt instruments are subsequentiy carried at amortised cost, using the effective interest rate method.
Trade creditor5 are obligations to pay for goods or services that have been acquired in the ordinary course of
business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year
or less. If not, they are presented as non-current liabilities. Trade creditors are recognised Initially at
transaction price and subsequently measured at amortised cost using the effective interest method.
1.8 Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction Gosts.
Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in
profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are
attributable to the hedged risk.
1.9 Employee benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.10 Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

B.C.W. TRAINING LIMITED
ids.
chartered accountants
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Accounting polici8S
(Continued)
1.11 Government grants
Government grants are recognised at the fair value of the asset re￿}Ved or receivable when there is
reasonable assuran￿ that the grant conditions will be met and the grants will be received.
A grant that specifies performance conditions is recognised in income when the performance conditions are
met. Where a grant does not specify perfomiance conditions it is recognised in Income when the proceeds
are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a
liability.
Tangible fixed assets
Land and Plant and
buildings machinery
etc
Total
Cost
At 1 April 2022
Additions
59,647
129.054
400
188.701
400
At 31 Marth 2023
59,647
129,454
189,101
Depreclation and Impairment
At 1 April 2022
Depreciation charged in the year
59,647
118,841
3.395
178,489
3,395
At 31 March 2023
59,647
122,236
181,884
Carrylng amount
At 31 March 2023
7,218
7,217
At 31 March 2022
10,213
10,212
Debtors
Amounts falling due within one year.
2023
2022
Trade debtors
20,529
20,200
Creditors: amounts falling due withln one year
2023
2022
Taxation and social security
Other creditors
2,530
3,929
611
12.283
6,459
12,894
10-

B.C.W. TRAINING LIMITED
ids.
chartered accountants
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Employees
The average monthly number of persons employed by the society during the y8ar was 10 (2022- 8).
2023
Number
2022
Number
Total
10
11

B.C.W. TRAINING LIMITED
ids.
chartered accountants
ADDITIONAL INFORMATION
The additional information has been prepared from the accounting records of the society. While it does not
fomi part of the statutory financial statements, it should be read in Conjundion with them and the auditorfs
report thereon.

B.C.W. TRAINING LIMITED
ids.
chartered accountants
DETAILED INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2023
2023
2022
Income
Training for Success
Other income
261.449
21.434
267,330
12.738
282,883
280,068
Other operating income
Government grants receivable and released
2.692
2.693
Administrative expenses
Direct wages
Training for suc￿Ss costs
Trainee expenses
Training fees
Staff pension costs defined contribub'on
Rent payable
Power, light and heat
Propety repairs and maintenance
Premises insurance
Computer running costs
Audit fees
Bank charges and interest
Printing and stationery
Advertising
Telecommunications
Sundry expenses
Depreciation
165,704
6.408
48,823
36.648
2.389
12,246
7,641
1,510
2,488
1,836
3.000
860
5,030
1,175
863
4,192
3,394
131.181
5,217
46.885
33,861
1,921
12.149
5.733
4,988
944
2.481
2,760
189
6.187
1,250
1,187
6.038
3,456
(304,207)
(266,427)
Operatlng surplusl(deficlt)
(18,632)
16,334
Investment revenues
Bank interest received
13
Interest payable and similar expenses
Bank interest on loans and overdrafts
13
(1.681)
Surplusl(deficit) for the financial year
(18.630)
14.666
12-