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Company Registration No. SC681183 (Scotland)
The Skills Collective Ltd Unaudited accounts for the year ended 31 December 2023
The Skills Collective Ltd Unaudited accounts Contents
Page
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The Skills Collective Ltd Company Information for the year ended 31 December 2023
Director
Karen Nichol
Company Number
SC681183 (Scotland)
Registered Office
Top Flat 15 Marshall Place Perth PH2 8AG
Accountants
Fraser + Accountants 3 Barossa Place Perth Perthshire PH1 5HG
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The Skills Collective Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
740 
409 
Current assets
Debtors
5,934 
10,224 
Cash at bank and in hand
35,075 
19,782 
41,009 
30,006 
Creditors: amounts falling due within one year
(27,911)
(23,275)
Net current assets
13,098 
6,731 
Net assets
13,838 
7,140 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
13,836 
7,138 
Shareholders' funds
13,838 
7,140 
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 February 2024 and were signed on its behalf by
Karen Nichol Director Company Registration No. SC681183
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The Skills Collective Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
The Skills Collective Ltd is a private company, limited by shares, registered in Scotland, registration number SC681183. The registered office is Top Flat, 15 Marshall Place , Perth , PH2 8AG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% straight-line
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 January 2023
977 
Additions
767 
At 31 December 2023
1,744 
Depreciation
At 1 January 2023
568 
Charge for the year
436 
At 31 December 2023
1,004 
Net book value
At 31 December 2023
740 
At 31 December 2022
409 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
5,934 
10,224 
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The Skills Collective Ltd Notes to the Accounts for the year ended 31 December 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
7,313 
6,241 
Trade creditors
138 
285 
Taxes and social security
19,960 
16,699 
Loans from directors
- 
50 
Accruals
500 
- 
27,911 
23,275 
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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