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REGISTERED NUMBER: 12533206 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Skillshub Limited

Skillshub Limited (Registered number: 12533206)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Skillshub Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: S E McPheat
D McPheat





SECRETARY: D McPheat





REGISTERED OFFICE: 5 Orchard Court
Binley Business Park
Binley
Coventry
West Midlands
CV3 2TQ





REGISTERED NUMBER: 12533206 (England and Wales)





ACCOUNTANTS: Leigh Christou Ltd
Chartered Certified Accountants
Leofric House
Binley Road
Coventry
CV3 1JN

Skillshub Limited (Registered number: 12533206)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 31,284 12,197

CURRENT ASSETS
Debtors 5 106,528 70,860
Cash at bank 320,395 139,434
426,923 210,294
CREDITORS
Amounts falling due within one year 6 131,866 57,609
NET CURRENT ASSETS 295,057 152,685
TOTAL ASSETS LESS CURRENT
LIABILITIES

326,341

164,882

PROVISIONS FOR LIABILITIES 5,944 2,317
NET ASSETS 320,397 162,565

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 320,396 162,564
320,397 162,565

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

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 profit or loss 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.

Skillshub Limited (Registered number: 12533206)

Balance Sheet - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2023 and were signed on its behalf by:




S E McPheat - Director



D McPheat - Director


Skillshub Limited (Registered number: 12533206)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Skillshub Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the transaction price and represents amounts receivable for goods and services provided in the normal course of business, net of discounts and other sales-related taxes. Turnover is recognised at a point in time when a performance obligation is satisfied by transferring a good or service to the customer. Turnover is recognised over time when a performance obligation is satisfied by the customer simultaneously receiving and consuming the benefits over the period of the contract.

When payment is received in advance of a performance obligation being satisfied, it is recorded on the Balance Sheet as deferred income. Turnover is then recognised at the point in time or over the period that the performance obligation is satisfied.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Skillshub Limited (Registered number: 12533206)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 April 2022 12,600
Additions 24,000
At 31 March 2023 36,600
AMORTISATION
At 1 April 2022 403
Amortisation for year 4,913
At 31 March 2023 5,316
NET BOOK VALUE
At 31 March 2023 31,284
At 31 March 2022 12,197

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 82,403 62,857
Amounts owed by group undertakings 4,193 4,130
Other debtors 1 1
VAT 6,955 3,213
Prepayments 12,976 659
106,528 70,860

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 34,493 12,564
Tax 39,917 36,805
Accruals and deferred income 43,847 -
Accrued expenses 13,609 8,240
131,866 57,609

7. ULTIMATE CONTROLLING PARTY

The Ultimate Controlling Party is the directors by virtue of their shareholdings in MCP Group Holdings Limited.