Registered number
08258240
The Employability Partnership Limited
Filleted Accounts
31 October 2024
The Employability Partnership Limited
Registered number: 08258240
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 926 1,600
Current assets
Debtors 4 46,043 73,467
Cash at bank and in hand 36,549 9,627
82,592 83,094
Creditors: amounts falling due within one year 5 (52,825) (30,738)
Net current assets 29,767 52,356
Total assets less current liabilities 30,693 53,956
Creditors: amounts falling due after more than one year 6 (3,000) (5,233)
Provisions for liabilities (176) (304)
Net assets 27,517 48,419
Capital and reserves
Called up share capital 900 900
Profit and loss account 26,617 47,519
Shareholders' funds 27,517 48,419
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.
R Evans
Director
Approved by the board on 15 April 2025
The Employability Partnership Limited
Notes to the Accounts
for the year ended 31 October 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer equipment over 3 years
Fixtures and fittings 15% reducing balance
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 November 2023 8,653 1,690 10,343
At 31 October 2024 8,653 1,690 10,343
Depreciation
At 1 November 2023 7,463 1,280 8,743
Charge for the year 613 61 674
At 31 October 2024 8,076 1,341 9,417
Net book value
At 31 October 2024 577 349 926
At 31 October 2023 1,190 410 1,600
4 Debtors 2024 2023
£ £
Trade debtors 45,846 73,467
Other debtors 197 -
46,043 73,467
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 2,400 2,568
Trade creditors 145 691
Taxation and social security costs 25,522 24,658
Other creditors 24,758 2,821
52,825 30,738
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 3,000 5,233
7 Other information
The Employability Partnership Limited is a private company limited by shares and incorporated in England. Its registered office is:
Building 18, Gateway 1000
Whittle Way, Arlington Business Park
Stevenage
Hertfordshire
SG1 2FP
The Employability Partnership Limited 08258240 false 2023-11-01 2024-10-31 2024-10-31 VT Final Accounts April 2025 R Evans No description of principal activity 08258240 2022-11-01 2023-10-31 08258240 core:WithinOneYear 2023-10-31 08258240 core:AfterOneYear 2023-10-31 08258240 core:ShareCapital 2023-10-31 08258240 core:RetainedEarningsAccumulatedLosses 2023-10-31 08258240 2023-11-01 2024-10-31 08258240 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 08258240 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 08258240 bus:Director40 2023-11-01 2024-10-31 08258240 1 2023-11-01 2024-10-31 08258240 2 2023-11-01 2024-10-31 08258240 core:PlantMachinery 2023-11-01 2024-10-31 08258240 core:Vehicles 2023-11-01 2024-10-31 08258240 countries:England 2023-11-01 2024-10-31 08258240 bus:FRS102 2023-11-01 2024-10-31 08258240 bus:FilletedAccounts 2023-11-01 2024-10-31 08258240 2024-10-31 08258240 core:WithinOneYear 2024-10-31 08258240 core:AfterOneYear 2024-10-31 08258240 core:ShareCapital 2024-10-31 08258240 core:RetainedEarningsAccumulatedLosses 2024-10-31 08258240 core:PlantMachinery 2024-10-31 08258240 core:Vehicles 2024-10-31 08258240 2023-10-31 08258240 core:PlantMachinery 2023-10-31 08258240 core:Vehicles 2023-10-31 iso4217:GBP xbrli:pure