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COMPANY REGISTRATION NUMBER: 08945446
FUNCTIONAL SKILLS UK LTD
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 December 2023
FUNCTIONAL SKILLS UK LTD
FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2023
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
FUNCTIONAL SKILLS UK LTD
STATEMENT OF FINANCIAL POSITION
31 December 2023
2023
2022
Note
£
£
£
Fixed assets
Intangible assets
5
9,782
19,565
Tangible assets
6
4,288
6,263
---------
---------
14,070
25,828
Current assets
Debtors
7
298,278
308,699
Cash at bank and in hand
308,319
331,710
----------
----------
606,597
640,409
Creditors: amounts falling due within one year
8
297,636
322,207
----------
----------
Net current assets
308,961
318,202
----------
----------
Total assets less current liabilities
323,031
344,030
Creditors: amounts falling due after more than one year
9
14,903
25,273
Provisions
814
1,190
----------
----------
Net assets
307,314
317,567
----------
----------
Capital and reserves
Called up share capital
61,100
61,100
Profit and loss account
246,214
256,467
----------
----------
Shareholders funds
307,314
317,567
----------
----------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
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.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
FUNCTIONAL SKILLS UK LTD
STATEMENT OF FINANCIAL POSITION (continued)
31 December 2023
These financial statements were approved by the board of directors and authorised for issue on 24 July 2024 , and are signed on behalf of the board by:
Mr P B Smith
Director
Company registration number: 08945446
FUNCTIONAL SKILLS UK LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 168 Church Road, Hove, East Sussex, BN3 2DL.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 24 (2022: 12 ).
5. Intangible assets
Goodwill
£
Cost
At 1 January 2023 and 31 December 2023
97,825
---------
Amortisation
At 1 January 2023
78,260
Charge for the year
9,783
---------
At 31 December 2023
88,043
---------
Carrying amount
At 31 December 2023
9,782
---------
At 31 December 2022
19,565
---------
6. Tangible assets
Fixtures and fittings
Equipment
Total
£
£
£
Cost
At 1 January 2023
16,418
15,429
31,847
Additions
2,447
2,447
---------
---------
---------
At 31 December 2023
16,418
17,876
34,294
---------
---------
---------
Depreciation
At 1 January 2023
12,877
12,707
25,584
Charge for the year
885
3,537
4,422
---------
---------
---------
At 31 December 2023
13,762
16,244
30,006
---------
---------
---------
Carrying amount
At 31 December 2023
2,656
1,632
4,288
---------
---------
---------
At 31 December 2022
3,541
2,722
6,263
---------
---------
---------
7. Debtors
2023
2022
£
£
Trade debtors
71,643
82,855
Other debtors
226,635
225,844
----------
----------
298,278
308,699
----------
----------
8. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
10,048
9,568
Trade creditors
48,115
16,581
Amounts owed to group undertakings and undertakings in which the company has a participating interest
93,484
79,658
Corporation tax
22,003
30,031
Social security and other taxes
8,181
Other creditors
123,986
178,188
----------
----------
297,636
322,207
----------
----------
9. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
14,903
25,273
---------
---------