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Company Registration No. 09277763 (England and Wales)
UK SKILLS ACADEMY LIMITED Unaudited accounts for the year ended 31 March 2024
UK SKILLS ACADEMY LIMITED Unaudited accounts Contents
Page
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UK SKILLS ACADEMY LIMITED Company Information for the year ended 31 March 2024
Directors
Samuel Riley Gemma Beech
Company Number
09277763 (England and Wales)
Registered Office
Riley Business Centre Preston New Road Salmesbury Preston PR5 0UP
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UK SKILLS ACADEMY LIMITED Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
234,500 
- 
Tangible assets
44,921 
3,020 
279,421 
3,020 
Current assets
Debtors
157,235 
419,878 
Cash at bank and in hand
477,537 
84,546 
634,772 
504,424 
Creditors: amounts falling due within one year
(393,438)
(132,274)
Net current assets
241,334 
372,150 
Total assets less current liabilities
520,755 
375,170 
Creditors: amounts falling due after more than one year
(195,404)
(261,187)
Net assets
325,351 
113,983 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
325,251 
113,883 
Shareholders' funds
325,351 
113,983 
For the year ending 31 March 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 3 October 2024 and were signed on its behalf by
Gemma Beech Director Company Registration No. 09277763
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UK SKILLS ACADEMY LIMITED Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
UK SKILLS ACADEMY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09277763. The registered office is Riley Business Centre, Preston New Road, Salmesbury, Preston, PR5 0UP.
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:
Computer equipment
4 years straight line
4
Intangible fixed assets
Other 
£ 
Cost
At 1 April 2023
- 
Additions
270,500 
At 31 March 2024
270,500 
Amortisation
At 1 April 2023
- 
Charge for the year
36,000 
At 31 March 2024
36,000 
Net book value
At 31 March 2024
234,500 
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UK SKILLS ACADEMY LIMITED Notes to the Accounts for the year ended 31 March 2024
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
- 
- 
5,515 
5,515 
Additions
2,977 
42,590 
(212)
45,355 
At 31 March 2024
2,977 
42,590 
5,303 
50,870 
Depreciation
At 1 April 2023
- 
- 
2,495 
2,495 
Charge for the year
538 
1,775 
1,141 
3,454 
At 31 March 2024
538 
1,775 
3,636 
5,949 
Net book value
At 31 March 2024
2,439 
40,815 
1,667 
44,921 
At 31 March 2023
- 
- 
3,020 
3,020 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
16,270 
370,477 
Amounts due from group undertakings etc.
6,157 
- 
Accrued income and prepayments
134,808 
43,204 
Other debtors
- 
40 
157,235 
413,721 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
- 
6,157 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
8,400 
8,000 
VAT
23,190 
13,823 
Obligations under finance leases and hire purchase contracts
37,039 
- 
Trade creditors
114,073 
38,106 
Taxes and social security
94,948 
72,345 
Other creditors
115,788 
- 
393,438 
132,274 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
33,404 
36,187 
Other creditors
162,000 
225,000 
195,404 
261,187 
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UK SKILLS ACADEMY LIMITED Notes to the Accounts for the year ended 31 March 2024
9
Average number of employees
During the year the average number of employees was 6 (2023: 6).
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