Registered number
11380110
SITESKILLS LIMITED
Filleted Accounts
31 May 2024
SITESKILLS LIMITED
Registered number: 11380110
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,000 2,203
Current assets
Debtors 4 8,864 7,132
Cash at bank and in hand 394,682 415,624
403,546 422,756
Creditors: amounts falling due within one year 5 (172,590) (132,792)
Net current assets 230,956 289,964
Total assets less current liabilities 231,956 292,167
Creditors: amounts falling due after more than one year 6 (7,498) (14,999)
Net assets 224,458 277,168
Capital and reserves
Called up share capital 100 100
Profit and loss account 224,358 277,068
Shareholders' funds 224,458 277,168
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Gregory J. Webb
Director
Approved by the board on 26 February 2025
SITESKILLS LIMITED
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 7 4
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 June 2023 4,895
At 31 May 2024 4,895
Depreciation
At 1 June 2023 2,692
Charge for the year 1,203
At 31 May 2024 3,895
Net book value
At 31 May 2024 1,000
At 31 May 2023 2,203
4 Debtors 2024 2023
£ £
Trade debtors 9,247 7,406
Other debtors (383) (274)
8,864 7,132
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 7,500 7,500
Taxation and social security costs 159,082 122,158
Director's account 4,206 1,333
Other creditors 1,802 1,801
172,590 132,792
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 7,498 14,999
7 Other information
SITESKILLS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Gable House
239 Regent Park Road
London
N3 3LF
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