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REGISTERED NUMBER: 08937676 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31st March 2023

for

Skillectric Business Management Services
Ltd

Skillectric Business Management Services
Ltd (Registered number: 08937676)






Contents of the Financial Statements
for the year ended 31st March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Skillectric Business Management Services
Ltd

Company Information
for the year ended 31st March 2023







DIRECTORS: Mrs A M Acornley
Mrs A Price





REGISTERED OFFICE: Black Bull House
353-355 Station Road
Bamber Bridge
Preston
Lancashire
PR5 6EE





REGISTERED NUMBER: 08937676 (England and Wales)





ACCOUNTANTS: Robin Oatridge & Co Limited
Chartered Certified Accountants
Black Bull House
353-355 Station Road
Bamber Bridge
Preston
Lancashire
PR5 6EE

Skillectric Business Management Services
Ltd (Registered number: 08937676)

Balance Sheet
31st March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,199 3,763

CURRENT ASSETS
Debtors 5 50,467 48,066
Cash at bank 18,863 19,034
69,330 67,100
CREDITORS
Amounts falling due within one year 6 59,114 53,493
NET CURRENT ASSETS 10,216 13,607
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,415

17,370

CREDITORS
Amounts falling due after more than one
year

7

(12,000

)

(16,000

)

PROVISIONS FOR LIABILITIES (473 ) (546 )
NET ASSETS 942 824

CAPITAL AND RESERVES
Called up share capital 80 80
Retained earnings 862 744
SHAREHOLDERS' FUNDS 942 824

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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.

Skillectric Business Management Services
Ltd (Registered number: 08937676)

Balance Sheet - continued
31st 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8th November 2023 and were signed on its behalf by:





Mrs A Price - Director


Skillectric Business Management Services
Ltd (Registered number: 08937676)

Notes to the Financial Statements
for the year ended 31st March 2023

1. STATUTORY INFORMATION

Skillectric Business Management Services Ltd 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 fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 5 ) .

Skillectric Business Management Services
Ltd (Registered number: 08937676)

Notes to the Financial Statements - continued
for the year ended 31st March 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2022
and 31st March 2023 8,609
DEPRECIATION
At 1st April 2022 4,846
Charge for year 564
At 31st March 2023 5,410
NET BOOK VALUE
At 31st March 2023 3,199
At 31st March 2022 3,763

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 11,867 15,614
Other debtors 38,600 32,452
50,467 48,066

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 4,000 4,000
Taxation and social security 52,867 47,434
Other creditors 2,247 2,059
59,114 53,493

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 12,000 16,000

No security was required for the bank loan.

Skillectric Business Management Services
Ltd (Registered number: 08937676)

Notes to the Financial Statements - continued
for the year ended 31st March 2023

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 17,527 17,527
Between one and five years 7,304 24,831
24,831 42,358

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st March 2023 and 31st March 2022:

2023 2022
£    £   
Mrs A M Acornley
Balance outstanding at start of year 11,750 28,500
Amounts advanced 15,194 11,750
Amounts repaid (11,750 ) (28,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 15,194 11,750

Mrs A Price
Balance outstanding at start of year 11,750 28,500
Amounts advanced 15,194 11,750
Amounts repaid (11,750 ) (28,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 15,194 11,750

The director's loan accounts are repayable within nine months of the accounting period end. Interest is charged by the company on loan balances at a rate of 2% pa.

10. ULTIMATE CONTROLLING PARTY

The company was under the ultimate control of the directors.