| Registered number: 08012085 | ||||||||
| FOR THE YEAR ENDED 31/07/2024 | ||||||||
| Prepared By: | ||||||||
| Harvey Guinan LLP | ||||||||
| Chartered Certified Accountants | ||||||||
| Unit 17 Mersey House | ||||||||
| Matchworks Estate, 140 Speke Road | ||||||||
| Liverpool | ||||||||
| Merseyside | ||||||||
| L19 2PH | ||||||||
| Employability Solutions Ltd | ||||||||
| ACCOUNTS | ||||||||
| FOR THE YEAR ENDED 31/07/2024 | ||||||||
| DIRECTORS | ||||||||
| REGISTERED OFFICE | ||||||||
| Merseyside | ||||||||
| COMPANY DETAILS | ||||||||
| Private company limited by guarantee registered in EW - England and Wales, registered number 08012085 | ||||||||
| BANKERS | ||||||||
| Santander | ||||||||
| ACCOUNTANTS | ||||||||
| Harvey Guinan LLP | ||||||||
| Chartered Certified Accountants | ||||||||
| Unit 17 Mersey House | ||||||||
| Matchworks Estate, 140 Speke Road | ||||||||
| Liverpool | ||||||||
| Merseyside | ||||||||
| L19 2PH | ||||||||
| Employability Solutions Ltd | ||||||||
| ACCOUNTS | ||||||||
| FOR THEYEARENDED31/07/2024 | ||||||||
| CONTENTS | ||||||||
| Page | ||||||||
| Directors' Report | - | |||||||
| Accountants' Report | - | |||||||
| Statement Of Comprehensive Income | - | |||||||
| Balance Sheet | 3 | |||||||
| Notes To The Accounts | 4 | |||||||
| The following do not form part of the statutory financial statements: | ||||||||
| Trading And Profit And Loss Account | - | |||||||
| Profit And Loss Account Summaries | - | |||||||
| Employability Solutions Ltd | ||||||||
| BALANCE SHEET AT | ||||||||||
| 2024 | 2023 | |||||||||
| Notes | £ | £ | ||||||||
| FIXED ASSETS | ||||||||||
| Tangible assets | 2 | |||||||||
| CURRENT ASSETS | ||||||||||
| Debtors | 3 | |||||||||
| Cash at bank and in hand | ||||||||||
| 459,909 | 311,810 | |||||||||
| CREDITORS: Amounts falling due within one year | 4 | |||||||||
| NET CURRENT ASSETS | 41,967 | |||||||||
| TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
| PROVISIONS FOR LIABILITIES AND CHARGES | 6 | |||||||||
| NET ASSETS | ||||||||||
| CAPITAL AND RESERVES | ||||||||||
| Profit and loss account | 107,966 | 92,104 | ||||||||
| SHAREHOLDERS' FUNDS | ||||||||||
| Approved by the board on | ||||||||||
| ............................. | ||||||||||
| Director | ||||||||||
| Employability Solutions Ltd | ||||||||
| NOTES TO THE ACCOUNTS | ||||||||||
| FOR THE YEAR ENDED 31/07/2024 | ||||||||||
| 1. ACCOUNTING POLICIES |
| 1a. Basis Of Accounting | ||||||||
| The accounts have been prepared under the historical cost convention. | ||||||||
| The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . | ||||||||
| 1b. Depreciation | ||||||||
| Tangible assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses. Assets held under finance leases are depreciated in the same way as owned assets. At each balance sheet date the company reviews the carrying amount of its tangible fixed 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 the asset the company estimates the recoverable amount of the cash generating unit to which the asset belongs. | ||||||||
| Land And Buildings | straight line33.33% | |||||||
| Fixtures And Fittings | straight line33.33% | |||||||
| Equipment | straight line33.33% | |||||||
| 1c. Pension Costs | ||||||||
| The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year. | ||||||||
| 1d. Policy For Recognition Of Income | ||||||||
| Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for rebates and other similar allowances. | ||||||||
| Turnover includes income grants and funds for providing education training and activities for the young people we work with. | ||||||||
| 1e. Taxation | ||||||||
| Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. | ||||||||
| 1f. Policy For Going Concern | ||||||||
| The directors believe that the company is experiencing satisfactory levels of income including education contracts and grants, and that it is well placed to manage its business risks successfully. Accordingly they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements. | ||||||||
| Employability Solutions Ltd | ||||||||
| 1g. Leases | ||||||||
| Assets held under finance leases and hire purchase contracts are capitalised in the balance sheet at their fair value and depreciated over their expected useful lives. The interest element of leasing payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease. All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term. | ||||||||
| 2. TANGIBLE FIXED ASSETS | |||||||||||
| Land And | Fixtures | ||||||||||
| Buildings | and Fittings | Equipment | Total | ||||||||
| £ | £ | £ | £ | ||||||||
| Cost | |||||||||||
| At 01/08/2023 | 27,244 | 32,356 | 53,874 | 113,474 | |||||||
| Additions | - | 10,838 | 7,869 | 18,707 | |||||||
| At 31/07/2024 | 27,244 | 43,194 | 61,743 | 132,181 | |||||||
| Depreciation | |||||||||||
| At 01/08/2023 | 9,081 | 20,010 | 32,842 | 61,933 | |||||||
| For the year | 9,081 | 10,292 | 14,916 | 34,289 | |||||||
| At 31/07/2024 | 18,162 | 30,302 | 47,758 | 96,222 | |||||||
| Net Book Amounts | |||||||||||
| At 31/07/2024 | 35,959 | ||||||||||
| At 31/07/2023 | 51,541 | ||||||||||
| Short Leasehold Property comprises refurbishment costs of the company's 2 rented premises under a lease term of 9 years from December 1 2014 extended by 3 years to 2026 and a lease term of 10 years on a second property from 31 October 2022. The refurbishment costs are depreciated and released to the Income and Expenditure Account straight line over 3 years. | |||||||||||
| 3. DEBTORS | 2024 | 2023 | ||||||
| £ | £ | |||||||
| Amounts falling due within one year | ||||||||
| Trade debtors | 231,385 | 121,924 | ||||||
| UK corporation tax | - | 519 | ||||||
| Other debtors | 35,062 | 28,543 | ||||||
| Prepayments | 4,000 | 4,000 | ||||||
| 270,447 | 154,986 | |||||||
| Employability Solutions Ltd | ||||||||
| 4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
| 2024 | 2023 | |||||||
| £ | £ | |||||||
| PAYE control | 19,625 | 8,362 | ||||||
| Salaries and wages control | 129 | - | ||||||
| Credit card | 5,693 | 2,711 | ||||||
| Pension schemes | 3,273 | 2,102 | ||||||
| Accruals | 106,044 | 109,234 | ||||||
| Deferred income | 247,342 | 147,434 | ||||||
| 382,106 | 269,843 | |||||||
| Included in creditors due in less than one year is deferred income of £247,342 (2023 £147,434) being income and funding received in advance of spend in future periods for the delivery of work with young people. | ||||||||
| 5. EMPLOYEES | ||||||
| 2024 | 2023 | |||||
| No. | No. | |||||
| Average number of employees | 28 | |||||
| 6. PROVISIONS FOR LIABILITIES | 2024 | 2023 | ||||||
| £ | £ | |||||||
| Deferred taxation | 5,796 | 1,404 | ||||||
| 5,796 | 1,404 | |||||||
| 7. RELATED PARTY TRANSACTIONS | |||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||
| Employability Solutions Ltd | ||||||||
| 8. ANALYSIS OF INCOME | ||||||||
| 2024 | 2023 | |||||||
| Alternative Education Provision 14 - 18 Years | 864,543 | 427,319 | ||||||
| Grants for Young People's Projects | 3,010 | 6,843 | ||||||
| NEET Provision | 15,474 | 81,850 | ||||||
| 16-18 Study Programme | 505,280 | 566,729 | ||||||
| Local Authority Initiatives | 11,509 | 19,769 | ||||||
| DWP Youth Hub | 114,588 | 84,831 | ||||||
| Awards For All | - | 10,000 | ||||||
| Bank Interest | 1,007 | 699 | ||||||
| Other Income | 26,806 | 65,851 | ||||||
| _________ | _________ | |||||||
| 1,542,217 | 1,263,891 | |||||||
| 9. GENERAL INFORMATION | ||||||||
| Employability Solutions Ltd is a private company limited by guarantee and incorporated in England, registered number 08012085 . Its registered office is ACE Centre, 52 Wellington Street, Liverpool, Merseyside L19 2LX. The financial statements are presented in sterling which is the functional currency of the company. | ||||||||