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Company Registration No. 07593078 (England and Wales)
Skill + Fire Limited Unaudited accounts for the year ended 31 October 2024
Skill + Fire Limited Unaudited accounts Contents
Page
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Skill + Fire Limited Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
13,296 
11,058 
Current assets
Debtors
42,495 
49,739 
Cash at bank and in hand
62,904 
99,796 
105,399 
149,535 
Creditors: amounts falling due within one year
(53,714)
(87,864)
Net current assets
51,685 
61,671 
Total assets less current liabilities
64,981 
72,729 
Creditors: amounts falling due after more than one year
(6,365)
(16,115)
Net assets
58,616 
56,614 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
58,606 
56,604 
Shareholders' funds
58,616 
56,614 
For the year ending 31 October 2024 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 7 May 2025 and were signed on its behalf by
Jamie Hutchinson Director Company Registration No. 07593078
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Skill + Fire Limited Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
Skill + Fire Limited is a private company, limited by shares, registered in England and Wales, registration number 07593078. The registered office is Workwell Studios, Copthall Bridge, Station Parade, Harrogate, North Yorkshire, HG1 1TT, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets and depreciation
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:
Plant & machinery
25% Reducing Balance
Computer equipment
33% Straight Line
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Pension costs
Contributions payable are recognised in the profit and loss account when due.
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Skill + Fire Limited Notes to the Accounts for the year ended 31 October 2024
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2023
11,663 
14,282 
25,945 
Additions
5,442 
1,448 
6,890 
At 31 October 2024
17,105 
15,730 
32,835 
Depreciation
At 1 November 2023
6,257 
8,630 
14,887 
Charge for the year
1,752 
2,900 
4,652 
At 31 October 2024
8,009 
11,530 
19,539 
Net book value
At 31 October 2024
9,096 
4,200 
13,296 
At 31 October 2023
5,406 
5,652 
11,058 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
9,300 
17,290 
Accrued income and prepayments
- 
322 
Other debtors
33,195 
32,127 
42,495 
49,739 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,302 
10,552 
Trade creditors
1,605 
1,154 
Taxes and social security
38,545 
43,303 
Other creditors
3,262 
32,855 
53,714 
87,864 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
6,365 
16,115 
8
Average number of employees
During the year the average number of employees was 6 (2023: 5).
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