Skillnet Services Limited 03470509 false 2022-03-01 2023-02-28 2023-02-28 The principal activity of the company is the provision of technical services. Digita Accounts Production Advanced 6.30.9574.0 true true 03470509 2022-03-01 2023-02-28 03470509 2023-02-28 03470509 core:RetainedEarningsAccumulatedLosses 2023-02-28 03470509 core:ShareCapital 2023-02-28 03470509 core:CurrentFinancialInstruments 2023-02-28 03470509 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 03470509 core:PlantMachinery 2023-02-28 03470509 bus:SmallEntities 2022-03-01 2023-02-28 03470509 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 03470509 bus:FullAccounts 2022-03-01 2023-02-28 03470509 bus:SmallCompaniesRegimeForAccounts 2022-03-01 2023-02-28 03470509 bus:RegisteredOffice 2022-03-01 2023-02-28 03470509 bus:Director1 2022-03-01 2023-02-28 03470509 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 03470509 core:PlantMachinery 2022-03-01 2023-02-28 03470509 countries:EnglandWales 2022-03-01 2023-02-28 03470509 2022-02-28 03470509 core:PlantMachinery 2022-02-28 03470509 2021-03-01 2022-02-28 03470509 2022-02-28 03470509 core:RetainedEarningsAccumulatedLosses 2022-02-28 03470509 core:ShareCapital 2022-02-28 03470509 core:CurrentFinancialInstruments 2022-02-28 03470509 core:CurrentFinancialInstruments core:WithinOneYear 2022-02-28 03470509 core:PlantMachinery 2022-02-28 iso4217:GBP xbrli:pure

Registration number: 03470509

Skillnet Services Limited

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 28 February 2023

 

Skillnet Services Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Skillnet Services Limited

Company Information

Director

J Adams

Registered office

24 Aubrey Meads
Bitton
Bristol
BS30 6LQ

Accountants

Burton Sweet Limited
Chartered Accountants and Business Advisors
The Clock Tower
5 Farleigh Court
Old Weston Road
Flax Bourton
Bristol
BS48 1UR

 

Skillnet Services Limited

(Registration number: 03470509)
Balance Sheet
28 February 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

17

26

Current assets

 

Debtors

5

797

2,756

Cash at bank and in hand

 

972

6,600

 

1,769

9,356

Creditors: Amounts falling due within one year

6

(2,370)

(9,091)

Net current (liabilities)/assets

 

(601)

265

Net (liabilities)/assets

 

(584)

291

Capital and reserves

 

Called up share capital

2

2

Retained earnings

(586)

289

Shareholders' (deficit)/funds

 

(584)

291

 

Skillnet Services Limited

(Registration number: 03470509)
Balance Sheet
28 February 2023

For the financial year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 28 November 2023
 

.........................................
J Adams
Director

 

Skillnet Services Limited

Notes to the Unaudited Financial Statements
Year Ended 28 February 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
24 Aubrey Meads
Bitton
Bristol
BS30 6LQ

These financial statements were authorised for issue by the director on 28 November 2023.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The directors have a reasonable expectation that the company has sufficient resources to continue for the foreseeable future.

The accounts have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Skillnet Services Limited

Notes to the Unaudited Financial Statements
Year Ended 28 February 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and Machinery

33.3% reducing balance

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2022 - 1).

 

Skillnet Services Limited

Notes to the Unaudited Financial Statements
Year Ended 28 February 2023

4

Tangible assets

Plant and machinery
£

Total
£

Cost or valuation

At 1 March 2022

332

332

At 28 February 2023

332

332

Depreciation

At 1 March 2022

306

306

Charge for the year

9

9

At 28 February 2023

315

315

Carrying amount

At 28 February 2023

17

17

At 28 February 2022

26

26

5

Debtors

2023
£

2022
£

Other debtors

797

2,593

Prepayments

-

163

797

2,756

 

Skillnet Services Limited

Notes to the Unaudited Financial Statements
Year Ended 28 February 2023

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

1,080

-

Taxation and social security

790

8,011

Accruals and deferred income

420

1,080

Other creditors

80

-

2,370

9,091