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REGISTERED NUMBER: 04268885 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Skillmaster Building Limited

Skillmaster Building Limited (Registered number: 04268885)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Skillmaster Building Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mrs S E Menen
M C Menen



SECRETARY: Miss H Menen-Thorne



REGISTERED OFFICE: Unit 1 Wilbury Court
29 Wilbury Way
Hitchin
Hertfordshire
SG4 0TW



REGISTERED NUMBER: 04268885 (England and Wales)



ACCOUNTANTS: Chancellers LLP
64 Wilbury Way
Hitchin
Hertfordshire
SG4 0TP



BANKERS: Lloyds TSB Bank plc
1 Bancroft
Hitchin
Hertfordshire
SG5 1JG

Skillmaster Building Limited (Registered number: 04268885)

Balance Sheet
31 December 2023

31.12.22 31.12.23
£    Notes £   
CURRENT ASSETS
239,722 Debtors 4 85,675
40,353 Cash at bank 26,509
280,075 112,184
CREDITORS
124,948 Amounts falling due within one year 5 54,863
155,127 NET CURRENT ASSETS 57,321
155,127 TOTAL ASSETS LESS CURRENT
LIABILITIES

57,321

CAPITAL AND RESERVES
100 Called up share capital 100
155,027 Retained earnings 57,221
155,127 SHAREHOLDERS' FUNDS 57,321

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

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

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 22 April 2024 and were signed on its behalf by:





M C Menen - Director


Skillmaster Building Limited (Registered number: 04268885)

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

1. STATUTORY INFORMATION

Skillmaster Building 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.

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.

Significant judgements and estimates
The preparation of accounts under FRS 102 requires management to make judgements, estimates and assumptions that affect the value of the turnover and profit reported in the profit and loss account for the financial year and the value of assets and liabilities recorded in the balance sheet.

Useful economic lives of tangible fixed assets are set out in the accounting policies.These estimates are the best estimate based on past experience and expected performance and are regularly reviewed to ensure they remain appropriate.

Turnover
Turnover represents net invoiced sale of goods and services, excluding value added tax.

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.

The rate of corporation tax increased to 25% on 1st April 2023. Deferred tax balances have been calculated using this rate.

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.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 85,675 239,722

Skillmaster Building Limited (Registered number: 04268885)

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

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 24,799 62,539
Taxation and social security 26,418 58,763
Other creditors 3,646 3,646
54,863 124,948

6. RELATED PARTY DISCLOSURES

During the year the company provided labour and materials of £3,547,703 (2022 - £5,845,726) to Skillmaster Ltd, a company under common control. The amount outstanding at the end of the year was £60,256 (2022 - £175,620).

At 31 December 2023 the company owed the Director M Menen £946 (2022 - £946).