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SQA SKILLS LIMITED

Registered Number
10672679
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

SQA SKILLS LIMITED
Company Information
for the year from 1 April 2023 to 31 March 2024

Director

EDE, Richard Neville

Registered Address

100 Queens Park Road
Brighton
BN2 0GG

Registered Number

10672679 (England and Wales)
SQA SKILLS LIMITED
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets32,2673,023
2,2673,023
Current assets
Debtors-3,960
Cash at bank and on hand2,159736
2,1594,696
Creditors amounts falling due within one year4(3,377)(5,719)
Net current assets (liabilities)(1,218)(1,023)
Total assets less current liabilities1,0492,000
Provisions for liabilities5(431)(574)
Net assets6181,426
Capital and reserves
Called up share capital100100
Profit and loss account5181,326
Shareholders' funds6181,426
The financial statements were approved and authorised for issue by the Director on 4 November 2024, and are signed on its behalf by:
EDE, Richard Neville
Director
Registered Company No. 10672679
SQA SKILLS LIMITED
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Office Equipment25
2.Average number of employees

20242023
Average number of employees during the year11
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 April 239,1179,117
At 31 March 249,1179,117
Depreciation and impairment
At 01 April 236,0946,094
Charge for year756756
At 31 March 246,8506,850
Net book value
At 31 March 242,2672,267
At 31 March 233,0233,023
4.Creditors: amounts due within one year

2024

2023

££
Taxation and social security1,563-
Other creditors4344,459
Accrued liabilities and deferred income1,3801,260
Total3,3775,719
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
5.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)431574
Total431574
6.Related party transactions
The company has taken advantage of the exemption under FRS 102 1AC.35 whereby particulars need not be given for related party transactions concluded under normal market conditions, or transactions entered into between two or more members of a group, provided that any subsidiary which is party to the transactions is wholly-owned by such a member.