Company Registration No. 11999223 (England and Wales)
International Skills And Education Ltd
Unaudited accounts
for the year ended 31 May 2024
International Skills And Education Ltd
Unaudited accounts
Contents
International Skills And Education Ltd
Company Information
for the year ended 31 May 2024
Directors
David Mann
Andrew Kingsley Rodgers
Company Number
11999223 (England and Wales)
Registered Office
37 West Banks
Sleaford
Lincolnshire
NG34 7QB
England
Accountants
JK Business Services Ltd
Axwell House
2 Westerton Road
Broxburn
West Lothian
EH52 5AU
International Skills And Education Ltd
Statement of financial position
as at 31 May 2024
Cash at bank and in hand
8,539
18,454
Creditors: amounts falling due within one year
(269,099)
(185,554)
Net current (liabilities)/assets
(1,632)
9,351
Total assets less current liabilities
(820)
10,569
Creditors: amounts falling due after more than one year
(25,076)
(32,277)
Net liabilities
(25,896)
(21,708)
Called up share capital
99
99
Profit and loss account
(25,995)
(21,807)
Shareholders' funds
(25,896)
(21,708)
For the year ending 31 May 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 7 February 2025 and were signed on its behalf by
David Mann
Director
Company Registration No. 11999223
International Skills And Education Ltd
Notes to the Accounts
for the year ended 31 May 2024
International Skills And Education Ltd is a private company, limited by shares, registered in England and Wales, registration number 11999223. The registered office is 37 West Banks, Sleaford, Lincolnshire, NG34 7QB, England.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
25% Straight-Line
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Trade debtors
85,465
34,888
Other debtors
173,463
141,563
International Skills And Education Ltd
Notes to the Accounts
for the year ended 31 May 2024
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
5,000
4,500
Taxes and social security
22,408
16,129
Other creditors
75,000
84,788
Loans from directors
89,680
5,593
7
Creditors: amounts falling due after more than one year
2024
2023
8
Transactions with related parties
During the year the company was involved in various transactions with Fluid Mind Ltd, a company in which David Mann and Andrew Rodgers hold appointment as directors and in which Andrew Rodgers is a listed as a person with significant control by virtue of holding more than 25% of its issued share capital. The transactions are included as follows -
Cost of Sales includes £123,463 (PY: £93,731) for services provided by Fluid Mind Ltd.
Other Debtors includes £173,463 (PY: £141,563) of loans and advances to Fluid Mind Ltd.
Trade Creditors includes £45,825 due to Fluid Mind Ltd at the balance sheet date.
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).