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REGISTERED NUMBER: 08617659 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 July 2024

for

SkillsForge Ltd

SkillsForge Ltd (Registered number: 08617659)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

SkillsForge Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTORS: G Fawcett
J C Carr
A E Ward





SECRETARY: B M Bentley





REGISTERED OFFICE: Blake House
Blake Street
York
Yorkshire
Y01 8QG





REGISTERED NUMBER: 08617659 (England and Wales)





ACCOUNTANTS: Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS

SkillsForge Ltd (Registered number: 08617659)

Statement of Financial Position
31 July 2024

31.7.24 31.7.23
Notes £    £   
FIXED ASSETS
Tangible assets 5 280 1,148

CURRENT ASSETS
Debtors 6 711,763 612,588
Cash at bank 4,271 2
716,034 612,590
CREDITORS
Amounts falling due within one year 7 (700,991 ) (494,335 )
NET CURRENT ASSETS 15,043 118,255
TOTAL ASSETS LESS CURRENT
LIABILITIES

15,323

119,403

CREDITORS
Amounts falling due after more than one
year

8

(529,288

)

(423,355

)

PROVISIONS FOR LIABILITIES 9 - (218 )
NET LIABILITIES (513,965 ) (304,170 )

CAPITAL AND RESERVES
Called up share capital 243 243
Share premium 174,972 174,972
Retained earnings (689,180 ) (479,385 )
(513,965 ) (304,170 )

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

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

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 Statement of Income and Retained Earnings has not been delivered.

SkillsForge Ltd (Registered number: 08617659)

Statement of Financial Position - continued
31 July 2024



The financial statements were approved by the Board of Directors and authorised for issue on 3 April 2025 and were signed on its behalf by:





G Fawcett - Director


SkillsForge Ltd (Registered number: 08617659)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

SkillsForge 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on the going concern basis on the understanding the directors will continue to support the company for the foreseeable future, which is considered to be a period of at least 12 months.

Turnover
Turnover represents the amounts received or receivable for goods and services provided to customers, excluding VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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.

SkillsForge Ltd (Registered number: 08617659)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 August 2023
and 31 July 2024 24,180
DEPRECIATION
At 1 August 2023 23,032
Charge for year 868
At 31 July 2024 23,900
NET BOOK VALUE
At 31 July 2024 280
At 31 July 2023 1,148

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 109,000 92,851
Other debtors 478,371 374,613
Tax 110,575 122,897
Prepayments 13,817 22,227
711,763 612,588

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Other loans 85,693 60,555
Trade creditors 102,536 55,808
Social security and other taxes 134,117 125,168
VAT 310,865 237,906
Net Wages 58,522 3,128
Directors' current accounts 4,036 6,848
Accrued expenses 5,222 4,922
700,991 494,335

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Other loans - 2-5 years 529,288 423,355

SkillsForge Ltd (Registered number: 08617659)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

9. PROVISIONS FOR LIABILITIES
31.7.24 31.7.23
£    £   
Deferred tax - 218

Deferred
tax
£   
Balance at 1 August 2023 218
Utilised during year (218 )
Balance at 31 July 2024 -

10. RELATED PARTY DISCLOSURES

At 31 July 2024 the amount included within debtors from SkillsForge PTY was £477,209 [2023: £374,001]. Transactions were not on normal commercial terms.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
SkillsForge Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of SkillsForge Ltd for the year ended 31 July 2024 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of SkillsForge Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of SkillsForge Ltd and state those matters that we have agreed to state to the Board of Directors of SkillsForge Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SkillsForge Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that SkillsForge Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of SkillsForge Ltd. You consider that SkillsForge Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of SkillsForge Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS


3 April 2025