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
Skill + Fire Limited
Statement of financial position
as at 31 October 2024
Tangible assets
13,296
11,058
Cash at bank and in hand
62,904
99,796
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)
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
Skill + Fire Limited
Notes to the Accounts
for the year ended 31 October 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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.
Contributions payable are recognised in the profit and loss account when due.
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
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
At 31 October 2024
9,096
4,200
13,296
At 31 October 2023
5,406
5,652
11,058
Amounts falling due within one year
Trade debtors
9,300
17,290
Accrued income and prepayments
-
322
Other debtors
33,195
32,127
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
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 6 (2023: 5).