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Lagta Group Training Limited

Scottish charity SC007494 · record on the Scottish Charity Register (OSCR) · accounts PDF

Latest income
£1.1m
Latest spending
£1.0m
Accounts read
FY2024

Financial health, per FY2024 accounts

The accounts state that the charity has negative unrestricted reserves of £322,074 and is dependent on charitable donations and an overdraft facility for working capital. The trustees have adopted the going concern basis due to a letter of support from the ultimate parent company, Robert Bosch GmbH, capped at £1m, though the charity explicitly notes its dependency on this continued support.

What the accounts disclose

Going concern: doubt noted
“The charitable company is dependent on the continued support of the ultimate parent company (Robert Bosch GmbH).” — page 6
Per FY2024 accounts as filed with OSCR.
Related-party transaction: Note 14
“During the year, Robert Bosch GmbH recharged expenses of £19,646 (2023: £12,117). Bosch Automotive Service Solutions Limited, recharged expenses to Lagta Group Training Limited of £nil (2023: £50,756). Robert Bosch UK Holdings Limited and Robert Bosch Limited, both group companies, recharged expenses of £29,714 (2023: £6,763) and £39,272 (2023: £74,883) respectively. Bosch Thermotechnology Limited charged management fees of £nil (2023: £711) in respect to payroll processing. Lagta Group Training Limited charged Robert Bosch Limited £52,010 (2023: £1,180) in respect of recharged expenses.” — page 24
Per FY2024 accounts as filed with OSCR.
Register data and accounts from the Scottish Charity Regulator (OSCR), used under the Open Government Licence. Automated analysis; the filed accounts are authoritative.