VETERANS SKILLS ACADEMY CIC

Company limited by guarantee

Company Registration Number:
13481081 (England and Wales)

Unaudited statutory accounts for the year ended 30 June 2023

Period of accounts

Start date: 1 July 2022

End date: 30 June 2023

VETERANS SKILLS ACADEMY CIC

Contents of the Financial Statements

for the Period Ended 30 June 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

VETERANS SKILLS ACADEMY CIC

Directors' report period ended 30 June 2023

The directors present their report with the financial statements of the company for the period ended 30 June 2023

Principal activities of the company

The principal activity of the business for the period under review was the provision of training and support to Veterans to develop their life skills



Directors

The directors shown below have held office during the whole of the period from
1 July 2022 to 30 June 2023

Mr Philip Peter Reynolds
Colin Soulsby


The director shown below has held office during the period of
1 July 2022 to 1 December 2022

Sharon Nicholson


The director shown below has held office during the period of
9 December 2022 to 30 June 2023

James Edward David Bell


The director shown below has held office during the period of
9 November 2022 to 30 June 2023

Stephen Jordan


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
7 May 2025

And signed on behalf of the board by:
Name: Mr Philip Peter Reynolds
Status: Director

VETERANS SKILLS ACADEMY CIC

Profit And Loss Account

for the Period Ended 30 June 2023

2023 2022


£

£
Turnover: 0 0
Cost of sales: ( 32,362 ) 0
Gross profit(or loss): (32,362) 0
Distribution costs: 0 0
Administrative expenses: ( 25,900 ) ( 5,981 )
Other operating income: 0 2,140
Operating profit(or loss): (58,262) (3,841)
Interest receivable and similar income: 140 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: (58,122) (3,841)
Tax: 0 967
Profit(or loss) for the financial year: (58,122) (2,874)

VETERANS SKILLS ACADEMY CIC

Balance sheet

As at 30 June 2023

Notes 2023 2022


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 24,914 180
Investments:   0 0
Total fixed assets: 24,914 180
Current assets
Stocks:   0 0
Debtors: 4 0 157
Cash at bank and in hand: 341 36,305
Investments:   0 0
Total current assets: 341 36,462
Prepayments and accrued income: 967 967
Creditors: amounts falling due within one year: 5 ( 87,218 ) ( 40,483 )
Net current assets (liabilities): (85,910) (3,054)
Total assets less current liabilities: (60,996) ( 2,874)
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): (60,996) (2,874)
Members' funds
Profit and loss account: (60,996) ( 2,874)
Total members' funds: ( 60,996) (2,874)

The notes form part of these financial statements

VETERANS SKILLS ACADEMY CIC

Balance sheet statements

For the year ending 30 June 2023 the company was entitled to exemption 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.

This report was approved by the board of directors on 7 May 2025
and signed on behalf of the board by:

Name: Mr Philip Peter Reynolds
Status: Director

The notes form part of these financial statements

VETERANS SKILLS ACADEMY CIC

Notes to the Financial Statements

for the Period Ended 30 June 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Tangible fixed assets depreciation policy

    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: Land & buildings 20% written down value Fixtures & fittings 20% written down value Computer equipment 20% written down value

    Other accounting policies

    Going concern The company meets its day-to-day working capital requirements through it's bank facilities and Director's loans. The company's forecasts and projections, taking account of reasonably possible changes in trading performance, show that the company should be able to operate within the level of it's current facilities. After making enquiries, the members have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements. 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 assets and liabilities are not discounted. Company limited by guarantee The company is limited by guarantee and has no share capital. Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

VETERANS SKILLS ACADEMY CIC

Notes to the Financial Statements

for the Period Ended 30 June 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 1 1

VETERANS SKILLS ACADEMY CIC

Notes to the Financial Statements

for the Period Ended 30 June 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 July 2022 0 0 225 0 0 225
Additions 30,693 0 0 269 0 30,962
Disposals 0 0 0 0 0 0
Revaluations 0 0 0 0 0 0
Transfers 0 0 0 0 0 0
At 30 June 2023 30,693 0 225 269 0 31,187
Depreciation
At 1 July 2022 0 0 45 0 0 45
Charge for year 6,138 0 36 54 0 6,228
On disposals 0 0 0 0 0 0
Other adjustments 0 0 0 0 0 0
At 30 June 2023 6,138 0 81 54 0 6,273
Net book value
At 30 June 2023 24,555 0 144 215 0 24,914
At 30 June 2022 0 0 180 0 0 180

VETERANS SKILLS ACADEMY CIC

Notes to the Financial Statements

for the Period Ended 30 June 2023

4. Debtors

2023 2022
£ £
Trade debtors 0 0
Prepayments and accrued income 0 0
Other debtors 0 157
Total 0 157
Debtors due after more than one year: 0 0

VETERANS SKILLS ACADEMY CIC

Notes to the Financial Statements

for the Period Ended 30 June 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 0 0
Taxation and social security 0 0
Accruals and deferred income 1,200 0
Other creditors 86,018 40,483
Total 87,218 40,483

COMMUNITY INTEREST ANNUAL REPORT

VETERANS SKILLS ACADEMY CIC

Company Number: 13481081 (England and Wales)

Year Ending: 30 June 2023

Company activities and impact

The organisation has focussed on establishing real estate that is fit for purpose, and meets the necessary education and regulatory standards. VSA has created a bespoke facility comprising two educational departments ready to launch. This will ensure that a unique end-to-end approach can be provided to Veterans ensuring that VSA deliver trade training that surpasses the civilian FE sector, offers employment opportunities prior to a Veterans embarking on a trade training course, and crucially, delivers ongoing support throughout a Veterans civilian working career. VSA has focussed on establishing strong partnerships within the Veterans charitable and social enterprise sector, established tri-service points of contact ready for launch, and prepared a process that exceeds the delivery of support currently available within the re-training of Veterans when initially entering the re-settlement process, and legacy Veterans that have already transitioned into the civilian arena. VSA has grown its hierarchy and established a strong board consisting of ex-senior military personnel to oversee and audit the value and benefit delivered to its service users. Implementing these systems was key to ensuring an internal department was consistently auditing the standards and values of VSA was always exceeded.

Consultation with stakeholders

VSA has not commenced trading and therefore has no stakeholders at present. Donors have been consulted and provided with up to date reports on activity reflecting the grant fund/funds that have been awarded.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
7 May 2025

And signed on behalf of the board by:
Name: Mr Philip Peter Reynolds
Status: Director