2023-05-312024-05-302024-05-30false05821658Skillbase Contractor Management Services Limited2025-04-28falseiso4217:GBPxbrli:pure058216582023-05-31058216582024-05-30058216582023-05-312024-05-30058216582022-05-31058216582023-05-30058216582022-05-312023-05-3005821658bus:SmallEntities2023-05-312024-05-3005821658bus:AuditExempt-NoAccountantsReport2023-05-312024-05-3005821658bus:FullAccounts2023-05-312024-05-3005821658bus:PrivateLimitedCompanyLtd2023-05-312024-05-3005821658core:WithinOneYear2024-05-3005821658core:AfterOneYear2024-05-3005821658core:WithinOneYear2023-05-3005821658core:AfterOneYear2023-05-3005821658core:ShareCapital2024-05-3005821658core:SharePremium2024-05-3005821658core:RevaluationReserve2024-05-3005821658core:OtherReservesSubtotal2024-05-3005821658core:RetainedEarningsAccumulatedLosses2024-05-3005821658core:ShareCapital2023-05-3005821658core:SharePremium2023-05-3005821658core:RevaluationReserve2023-05-3005821658core:OtherReservesSubtotal2023-05-3005821658core:RetainedEarningsAccumulatedLosses2023-05-3005821658core:LandBuildings2024-05-3005821658core:PlantMachinery2024-05-3005821658core:Vehicles2024-05-3005821658core:FurnitureFittings2024-05-3005821658core:OfficeEquipment2024-05-3005821658core:NetGoodwill2024-05-3005821658core:IntangibleAssetsOtherThanGoodwill2024-05-3005821658core:ListedExchangeTraded2024-05-3005821658core:UnlistedNon-exchangeTraded2024-05-3005821658core:LandBuildings2023-05-3005821658core:PlantMachinery2023-05-3005821658core:Vehicles2023-05-3005821658core:FurnitureFittings2023-05-3005821658core:OfficeEquipment2023-05-3005821658core:NetGoodwill2023-05-3005821658core:IntangibleAssetsOtherThanGoodwill2023-05-3005821658core:ListedExchangeTraded2023-05-3005821658core:UnlistedNon-exchangeTraded2023-05-3005821658core:LandBuildings2023-05-312024-05-3005821658core:PlantMachinery2023-05-312024-05-3005821658core:Vehicles2023-05-312024-05-3005821658core:FurnitureFittings2023-05-312024-05-3005821658core:OfficeEquipment2023-05-312024-05-3005821658core:NetGoodwill2023-05-312024-05-3005821658core:IntangibleAssetsOtherThanGoodwill2023-05-312024-05-3005821658core:ListedExchangeTraded2023-05-312024-05-3005821658core:UnlistedNon-exchangeTraded2023-05-312024-05-3005821658core:MoreThanFiveYears2023-05-312024-05-3005821658core:Non-currentFinancialInstruments2024-05-3005821658core:Non-currentFinancialInstruments2023-05-3005821658dpl:CostSales2023-05-312024-05-3005821658dpl:DistributionCosts2023-05-312024-05-3005821658core:LandBuildings2023-05-312024-05-3005821658core:PlantMachinery2023-05-312024-05-3005821658core:Vehicles2023-05-312024-05-3005821658core:FurnitureFittings2023-05-312024-05-3005821658core:OfficeEquipment2023-05-312024-05-3005821658dpl:AdministrativeExpenses2023-05-312024-05-3005821658core:NetGoodwill2023-05-312024-05-3005821658core:IntangibleAssetsOtherThanGoodwill2023-05-312024-05-3005821658dpl:GroupUndertakings2023-05-312024-05-3005821658dpl:ParticipatingInterests2023-05-312024-05-3005821658dpl:GroupUndertakingscore:ListedExchangeTraded2023-05-312024-05-3005821658core:ListedExchangeTraded2023-05-312024-05-3005821658dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-05-312024-05-3005821658core:UnlistedNon-exchangeTraded2023-05-312024-05-3005821658dpl:CostSales2022-05-312023-05-3005821658dpl:DistributionCosts2022-05-312023-05-3005821658core:LandBuildings2022-05-312023-05-3005821658core:PlantMachinery2022-05-312023-05-3005821658core:Vehicles2022-05-312023-05-3005821658core:FurnitureFittings2022-05-312023-05-3005821658core:OfficeEquipment2022-05-312023-05-3005821658dpl:AdministrativeExpenses2022-05-312023-05-3005821658core:NetGoodwill2022-05-312023-05-3005821658core:IntangibleAssetsOtherThanGoodwill2022-05-312023-05-3005821658dpl:GroupUndertakings2022-05-312023-05-3005821658dpl:ParticipatingInterests2022-05-312023-05-3005821658dpl:GroupUndertakingscore:ListedExchangeTraded2022-05-312023-05-3005821658core:ListedExchangeTraded2022-05-312023-05-3005821658dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-05-312023-05-3005821658core:UnlistedNon-exchangeTraded2022-05-312023-05-3005821658core:NetGoodwill2024-05-3005821658core:IntangibleAssetsOtherThanGoodwill2024-05-3005821658core:LandBuildings2024-05-3005821658core:PlantMachinery2024-05-3005821658core:Vehicles2024-05-3005821658core:FurnitureFittings2024-05-3005821658core:OfficeEquipment2024-05-3005821658core:AfterOneYear2024-05-3005821658core:WithinOneYear2024-05-3005821658core:ListedExchangeTraded2024-05-3005821658core:UnlistedNon-exchangeTraded2024-05-3005821658core:ShareCapital2024-05-3005821658core:SharePremium2024-05-3005821658core:RevaluationReserve2024-05-3005821658core:OtherReservesSubtotal2024-05-3005821658core:RetainedEarningsAccumulatedLosses2024-05-3005821658core:NetGoodwill2023-05-3005821658core:IntangibleAssetsOtherThanGoodwill2023-05-3005821658core:LandBuildings2023-05-3005821658core:PlantMachinery2023-05-3005821658core:Vehicles2023-05-3005821658core:FurnitureFittings2023-05-3005821658core:OfficeEquipment2023-05-3005821658core:AfterOneYear2023-05-3005821658core:WithinOneYear2023-05-3005821658core:ListedExchangeTraded2023-05-3005821658core:UnlistedNon-exchangeTraded2023-05-3005821658core:ShareCapital2023-05-3005821658core:SharePremium2023-05-3005821658core:RevaluationReserve2023-05-3005821658core:OtherReservesSubtotal2023-05-3005821658core:RetainedEarningsAccumulatedLosses2023-05-3005821658core:NetGoodwill2022-05-3105821658core:IntangibleAssetsOtherThanGoodwill2022-05-3105821658core:LandBuildings2022-05-3105821658core:PlantMachinery2022-05-3105821658core:Vehicles2022-05-3105821658core:FurnitureFittings2022-05-3105821658core:OfficeEquipment2022-05-3105821658core:AfterOneYear2022-05-3105821658core:WithinOneYear2022-05-3105821658core:ListedExchangeTraded2022-05-3105821658core:UnlistedNon-exchangeTraded2022-05-3105821658core:ShareCapital2022-05-3105821658core:SharePremium2022-05-3105821658core:RevaluationReserve2022-05-3105821658core:OtherReservesSubtotal2022-05-3105821658core:RetainedEarningsAccumulatedLosses2022-05-3105821658core:AfterOneYear2023-05-312024-05-3005821658core:WithinOneYear2023-05-312024-05-3005821658core:Non-currentFinancialInstrumentscore:CostValuation2023-05-312024-05-3005821658core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-05-312024-05-3005821658core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-05-312024-05-3005821658core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-05-312024-05-3005821658core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-05-312024-05-3005821658core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-05-312024-05-3005821658core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-05-312024-05-3005821658core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-05-312024-05-3005821658core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-05-312024-05-3005821658core:Non-currentFinancialInstrumentscore:CostValuation2024-05-3005821658core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-05-3005821658core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-05-3005821658core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-05-3005821658core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-05-3005821658core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-05-3005821658core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-05-3005821658core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-05-3005821658core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-05-3005821658core:Non-currentFinancialInstrumentscore:CostValuation2023-05-3005821658core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-05-3005821658core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-05-3005821658core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-05-3005821658core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-05-3005821658core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-05-3005821658core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-05-3005821658core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-05-3005821658core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-05-3005821658bus:Director12023-05-312024-05-3005821658bus:Director22023-05-312024-05-30

Skillbase Contractor Management Services Limited

Registered Number
05821658
(England and Wales)

Unaudited Financial Statements for the Year ended
30 May 2024

Skillbase Contractor Management Services Limited
Company Information
for the year from 31 May 2023 to 30 May 2024

Directors

Mr S Lines
Mr S Seamons

Registered Address

The Brew House
Old Bexley Business Park
Bourne Road, Bexley
DA5 1LR

Registered Number

05821658 (England and Wales)
Skillbase Contractor Management Services Limited
Balance Sheet as at
30 May 2024

Notes

2024

2023

£

£

£

£

Current assets
Debtors31,626,0521,645,614
Cash at bank and on hand56,078110,025
1,682,1301,755,639
Creditors amounts falling due within one year4(1,536,302)(1,611,445)
Net current assets (liabilities)145,828144,194
Total assets less current liabilities145,828144,194
Creditors amounts falling due after one year5(11,232)(21,406)
Net assets134,596122,788
Capital and reserves
Called up share capital1,0001,000
Profit and loss account133,596121,788
Shareholders' funds134,596122,788
The financial statements were approved and authorised for issue by the Board of Directors on 28 April 2025, and are signed on its behalf by:
Mr S Lines
Director
Mr S Seamons
Director

Registered Company No. 05821658
Skillbase Contractor Management Services Limited
Notes to the Financial Statements
for the year ended 30 May 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
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).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
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.
Revenue from sale of goods
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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Finance leases and hire purchase contracts
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.
2.Average number of employees

20242023
Average number of employees during the year32
3.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables687,990749,012
Other debtors937,126895,849
Prepayments and accrued income936753
Total1,626,0521,645,614
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.
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables912,4511,042,029
Bank borrowings and overdrafts10,2299,978
Taxation and social security67,43139,101
Other creditors78,056102
Accrued liabilities and deferred income468,135520,235
Total1,536,3021,611,445
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. On the 24 April 2015 the company signed a debenture securing all monies and liabilities due or becoming due to National Westminster Bank Plc against the company's assets. The banking facilities are also secured by the directors' personal guarantees. Included in other creditors is £77,954 (2023 - £127,379 owed from RBS Invoice Finance Limited) owed to RBS Invoice Finance Limited which is secured by fixed and floating charges over the company's assets dated 7 February 2013.
5.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts11,23221,406
Total11,23221,406
6.Operating lease commitments
At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows: 2024 £5,010 (2023 - £15,030).
7.Related party transactions
Included within other debtors is £802,662 (2023 - £669,484) for an interest free loan owed by a company of which the directors and shareholders of this company are also the directors and shareholders.