Functional Skills UK Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 08945446

FUNCTIONAL SKILLS UK LTD

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 December 2024

FUNCTIONAL SKILLS UK LTD

FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2024

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

FUNCTIONAL SKILLS UK LTD

STATEMENT OF FINANCIAL POSITION

31 December 2024

	2024		2023
Note	£	£	£

Fixed assets

Intangible assets	5	–	9,782
Tangible assets	6	11,845	4,288
		---------	---------
		11,845	14,070

Current assets

Debtors	7	331,562	298,278
Cash at bank and in hand		421,420	308,319
		----------	----------
		752,982	606,597

Creditors: amounts falling due within one year	8	247,920		297,636
		----------		----------
Net current assets			505,062	308,961
			----------	----------
Total assets less current liabilities			516,907	323,031

Creditors: amounts falling due after more than one year	9		–	14,903

Provisions	2,251	814
	----------	----------
Net assets	514,656	307,314
	----------	----------

Capital and reserves

Called up share capital	61,100	61,100
Profit and loss account	453,556	246,214
	----------	----------
Shareholders funds	514,656	307,314
	----------	----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

FUNCTIONAL SKILLS UK LTD

STATEMENT OF FINANCIAL POSITION (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 9 July 2025 , and are signed on behalf of the board by:

Mr P B Smith
Director

Company registration number: 08945446

FUNCTIONAL SKILLS UK LTD

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 168 Church Road, Hove, East Sussex, BN3 2DL.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 30 (2023: 24 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 January 2024 and 31 December 2024	97,825
	---------
Amortisation
At 1 January 2024	88,043
Charge for the year	9,782
	---------
At 31 December 2024	97,825
	---------
Carrying amount
At 31 December 2024	–
	---------
At 31 December 2023	9,782
	---------

6. Tangible assets

	Fixtures and fittings	Equipment	Total
	£	£	£
Cost
At 1 January 2024	16,418	17,876	34,294
Additions	3,529	9,587	13,116
	---------	---------	---------
At 31 December 2024	19,947	27,463	47,410
	---------	---------	---------
Depreciation
At 1 January 2024	13,762	16,244	30,006
Charge for the year	1,547	4,012	5,559
	---------	---------	---------
At 31 December 2024	15,309	20,256	35,565
	---------	---------	---------
Carrying amount
At 31 December 2024	4,638	7,207	11,845
	---------	---------	---------
At 31 December 2023	2,656	1,632	4,288
	---------	---------	---------

7. Debtors

	2024	2023
	£	£
Trade debtors	96,676	71,643
Other debtors	234,886	226,635
	----------	----------
	331,562	298,278
	----------	----------

8. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	–	10,048
Trade creditors	17,431	48,115
Amounts owed to group undertakings and undertakings in which the company has a participating interest	107,985	93,484
Corporation tax	19,693	22,003
Social security and other taxes	14,996	–
Other creditors	87,815	123,986
	----------	----------
	247,920	297,636
	----------	----------

9. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	–	14,903
	----	---------