STOCKPORT ENGINEERING TRAINING ASSOCIATION LIMITED(THE)

• ⚠

  Material uncertainty over going concern

  The trustees have prepared on the financial statements on the basis that the charity is a going concern. The charity fulfils all of it charitable objectives by leasing it's premises to a third party education providers. Since the financial year end this education provider has been experiencing financial challenges and is struggling to meet the contractual lease payments. If the education provider were to fail the trustees could have to consider closing the charity.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

DJH Manchester Limited

Audit opinion

Unaudited (audit-exempt)

Going concern

Material uncertainty disclosed

“The trustees have prepared on the financial statements on the basis that the charity is a going concern. The charity fulfils all of it charitable objectives by leasing it's premises to a third party education providers. Since the financial year end this education provider has been experiencing financial challenges and is struggling to meet the contractual lease payments. If the education provider were to fail the trustees could have to consider closing the charity.”

Group structure

1. STOCKPORT ENGINEERING TRAINING ASSOCIATION LIMITED(THE) · parent
   1. SETA Training and Advisory Services Limited 100% · England · Providing training for people employed or intending to be employed in industry and commerce.

Significant events

• “2024/25 continued to be a difficult year after the impact of OFSTED in 2022/23. With some small costs associated with discontinued operations that were still contracted to be paid after the year and so these operations still had a mixed impact on the accounts this year.”
• “The commercial Health & Safety courses brought in a reduced income of £299,993 (2024 £440,933) - A decrease had been expected but not to this extent that we were below our reduced budget by £27,000.”
• “Cost saving actions were taken that sadly resulted in the redundancy of one safety trainer, associated redundancy costs included in subsidiary costs were £19,228.”
• “In the year we have secured a short term investment in preference shares in Elevated Knowledge Limited of £120,000 to be held as an investment to create additional income for the Charity to supplment its income.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -32.3%

  £476,356 → £322,712

• Cash

  -55.6%

  £42,959 → £19,068

• Net assets

  -3%

  £1,036,135 → £1,005,476

• Employees

  0%

  6 → 6

• Wages

  +12.5%

  £157,687 → £177,329

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers