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REGISTERED NUMBER: 10654893 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

MYPOCKETSKILL LTD

MYPOCKETSKILL LTD (REGISTERED NUMBER: 10654893)






Contents of the Financial Statements
for the year ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MYPOCKETSKILL LTD

Company Information
for the year ended 31 March 2025







DIRECTORS: M E Harker
Z Ransley
J W Bennet Summers





REGISTERED OFFICE: Preston Park House
South Road
Brighton
East Sussex
BN1 6SB





REGISTERED NUMBER: 10654893 (England and Wales)





ACCOUNTANTS: Plus Accounting
Chartered Accountants
Preston Park House
South Road
Brighton
East Sussex
BN1 6SB

MYPOCKETSKILL LTD (REGISTERED NUMBER: 10654893)

Balance Sheet
31 March 2025

2025 2024
Notes £ £
FIXED ASSETS
Intangible assets 4 945 1,134
Tangible assets 5 2,623 5,245
3,568 6,379

CURRENT ASSETS
Debtors 6 129,429 151,434
Cash at bank 162,377 357,247
291,806 508,681
CREDITORS
Amounts falling due within one year 7 (48,349 ) (57,497 )
NET CURRENT ASSETS 243,457 451,184
TOTAL ASSETS LESS CURRENT
LIABILITIES

247,025

457,563

CREDITORS
Amounts falling due after more than one
year

8

(26,406

)

(32,256

)
NET ASSETS 220,619 425,307

CAPITAL AND RESERVES
Called up share capital 10 244 242
Share premium 792,328 737,334
Retained earnings (571,953 ) (312,269 )
SHAREHOLDERS' FUNDS 220,619 425,307

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

MYPOCKETSKILL LTD (REGISTERED NUMBER: 10654893)

Balance Sheet - continued
31 March 2025


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 July 2025 and were signed on its behalf by:




M E Harker - Director



Z Ransley - Director


MYPOCKETSKILL LTD (REGISTERED NUMBER: 10654893)

Notes to the Financial Statements
for the year ended 31 March 2025

1. STATUTORY INFORMATION

Mypocketskill 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

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

Turnover
Turnover represents the fair value of consideration received or receivable net of VAT and trade discounts.
Revenue from the sale of online tuition platform hosting is recognised at the point of sale.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Computer equipment3 years straight line

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.


MYPOCKETSKILL LTD (REGISTERED NUMBER: 10654893)

Notes to the Financial Statements - continued
for the year ended 31 March 2025

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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.

Impairment policy
At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of an asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Going concern
The Directors have a reasonable expectation that the company has adequate resources to continue in existence for the foreseeable future and in this accounting period has secured external growth capital to expand its product and operations. The company therefore continues to adopt the going concern basis in preparing its financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£
COST
At 1 April 2024
and 31 March 2025 1,890
AMORTISATION
At 1 April 2024 756
Charge for year 189
At 31 March 2025 945
NET BOOK VALUE
At 31 March 2025 945
At 31 March 2024 1,134

MYPOCKETSKILL LTD (REGISTERED NUMBER: 10654893)

Notes to the Financial Statements - continued
for the year ended 31 March 2025

5. TANGIBLE FIXED ASSETS
Computer
equipment
£
COST
At 1 April 2024
and 31 March 2025 13,432
DEPRECIATION
At 1 April 2024 8,187
Charge for year 2,622
At 31 March 2025 10,809
NET BOOK VALUE
At 31 March 2025 2,623
At 31 March 2024 5,245

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Trade debtors 6,703 16,102
Other debtors 122,726 135,332
129,429 151,434

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Bank loans and overdrafts (see note 9) 5,849 5,705
Trade creditors 2,196 1,329
Taxation and social security 18,443 37,400
Other creditors 21,861 13,063
48,349 57,497

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£ £
Bank loans (see note 9) 26,406 32,256

9. LOANS

An analysis of the maturity of loans is given below:

2025 2024
£ £
Amounts falling due within one year or on demand:
Bank loans 5,849 5,705

MYPOCKETSKILL LTD (REGISTERED NUMBER: 10654893)

Notes to the Financial Statements - continued
for the year ended 31 March 2025

9. LOANS - continued
2025 2024
£ £
Amounts falling due between one and two years:
Bank loans - 1-2 years 12,145 11,846

Amounts falling due between two and five years:
Bank loans - 2-5 years 14,261 20,410

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £ £
2,442,984 Ordinary £0.0001 244 242

24,442 Ordinary shares of £0.0001 each were allotted as fully paid at a premium of 2.25 per share during the year.

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025 2024
£ £
M E Harker
Balance outstanding at start of year 3,285 4,617
Amounts advanced - 25,227
Amounts repaid (3,285 ) (26,559 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 3,285

Director's loan is interest free and repayable on demand.