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REGISTERED NUMBER: 05308344 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

SKILLS TRAINING CENTRE LTD

SKILLS TRAINING CENTRE LTD (REGISTERED NUMBER: 05308344)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SKILLS TRAINING CENTRE LTD

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTORS: T K Bottoms
Mrs C D Fay
Mrs M R Bottoms-Reddin
A M Povey





REGISTERED OFFICE: First Floor
677 High Road
North Finchley
London
N12 0DA





REGISTERED NUMBER: 05308344 (England and Wales)





ACCOUNTANTS: Bramil Associates LLP
First Floor
677 High Road
North Finchley
London
N12 0DA

SKILLS TRAINING CENTRE LTD (REGISTERED NUMBER: 05308344)

BALANCE SHEET
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 21,610 31,346
Tangible assets 5 7,486 8,309
29,096 39,655

CURRENT ASSETS
Debtors 6 300,124 374,986
Cash at bank and in hand 201,286 143,636
501,410 518,622
CREDITORS
Amounts falling due within one year 7 302,785 382,445
NET CURRENT ASSETS 198,625 136,177
TOTAL ASSETS LESS CURRENT
LIABILITIES

227,721

175,832

CREDITORS
Amounts falling due after more than one
year

8

27,000

31,000
NET ASSETS 200,721 144,832

CAPITAL AND RESERVES
Called up share capital 50 50
Capital redemption reserve 50 50
Retained earnings 200,621 144,732
SHAREHOLDERS' FUNDS 200,721 144,832

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

SKILLS TRAINING CENTRE LTD (REGISTERED NUMBER: 05308344)

BALANCE SHEET - continued
31 March 2024


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 13 August 2024 and were signed on its behalf by:





T K Bottoms - Director


SKILLS TRAINING CENTRE LTD (REGISTERED NUMBER: 05308344)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Skills Training Centre Ltd 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.

Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 15 ) .

SKILLS TRAINING CENTRE LTD (REGISTERED NUMBER: 05308344)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023
and 31 March 2024 53,316
AMORTISATION
At 1 April 2023 21,970
Charge for year 9,736
At 31 March 2024 31,706
NET BOOK VALUE
At 31 March 2024 21,610
At 31 March 2023 31,346

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 18,015 33,928 13,500 72,173 137,616
Additions - 4,460 - - 4,460
At 31 March 2024 18,015 38,388 13,500 72,173 142,076
DEPRECIATION
At 1 April 2023 18,005 31,083 12,211 68,008 129,307
Charge for year 10 5,273 - - 5,283
At 31 March 2024 18,015 36,356 12,211 68,008 134,590
NET BOOK VALUE
At 31 March 2024 - 2,032 1,289 4,165 7,486
At 31 March 2023 10 2,845 1,289 4,165 8,309

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 276,970 144,071
Other debtors 23,154 230,915
300,124 374,986

SKILLS TRAINING CENTRE LTD (REGISTERED NUMBER: 05308344)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 6,000 8,000
Trade creditors 72,866 228,509
Taxation and social security 140,642 86,407
Other creditors 83,277 59,529
302,785 382,445

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 27,000 31,000

9. ULTIMATE CONTROLLING PARTY

The controlling party is Skills Centre Training HoldingsLimited.