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REGISTERED NUMBER: 12533206 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Skillshub Limited

Skillshub Limited (Registered number: 12533206)






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


Skillshub Limited

Company Information
for the Year Ended 31 March 2025







DIRECTORS: S E McPheat
D McPheat





SECRETARY: D McPheat





REGISTERED OFFICE: 5 Orchard Court
Binley Business Park
Binley
Coventry
West Midlands
CV3 2TQ





REGISTERED NUMBER: 12533206 (England and Wales)





ACCOUNTANTS: Leigh Christou Ltd
Chartered Certified Accountants
Leofric House
Binley Road
Coventry
CV3 1JN

Skillshub Limited (Registered number: 12533206)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 13,182 23,781
Tangible assets 5 10,231 7,458
23,413 31,239

CURRENT ASSETS
Debtors 6 192,612 162,711
Cash at bank and in hand 403,563 628,615
596,175 791,326
CREDITORS
Amounts falling due within one year 7 186,719 209,422
NET CURRENT ASSETS 409,456 581,904
TOTAL ASSETS LESS CURRENT
LIABILITIES

432,869

613,143

PROVISIONS FOR LIABILITIES 5,853 5,935
NET ASSETS 427,016 607,208

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 427,015 607,207
427,016 607,208

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.

Skillshub Limited (Registered number: 12533206)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 June 2025 and were signed on its behalf by:




S E McPheat - Director



D McPheat - Director


Skillshub Limited (Registered number: 12533206)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Skillshub Limited 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 is measured at the transaction price and represents amounts receivable for digital e-learning services provided in the normal course of business, net of discounts and other sales-related taxes.
Services income is recognised in full in the month the services are performed.

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.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - Straight line over 4 years

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

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.

Skillshub Limited (Registered number: 12533206)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 April 2024 41,600
Additions 3,750
At 31 March 2025 45,350
AMORTISATION
At 1 April 2024 17,819
Amortisation for year 14,349
At 31 March 2025 32,168
NET BOOK VALUE
At 31 March 2025 13,182
At 31 March 2024 23,781

5. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1 April 2024 8,456
Additions 6,365
At 31 March 2025 14,821
DEPRECIATION
At 1 April 2024 998
Charge for year 3,592
At 31 March 2025 4,590
NET BOOK VALUE
At 31 March 2025 10,231
At 31 March 2024 7,458

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 120,292 69,409
Other debtors 10,358 1
Prepayments 61,962 93,301
192,612 162,711

Skillshub Limited (Registered number: 12533206)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans and overdrafts 500 221
Trade creditors - 18,466
Tax 114,371 125,913
Social security and other taxes 15,154 13,689
Pension Control Account 2,356 -
VAT 25,366 11,651
Other creditors 19,512 1,597
Accrued expenses 9,460 37,885
186,719 209,422

8. ULTIMATE CONTROLLING PARTY

The Ultimate Controlling Party is the directors by virtue of their shareholdings in MCP Group Holdings Limited.