SB SKILLS SOLUTIONS LIMITED - Filleted accounts

Registered number

08442069

SB SKILLS SOLUTIONS LIMITED

Report and Accounts

31 March 2025

SB SKILLS SOLUTIONS LIMITED
Registered number:		08442069
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	4		343,827			336,815

Current assets
Debtors	5	725,014			648,482
Cash at bank and in hand		213,806			32,172
		938,820			680,654

Creditors: amounts falling due within one year	6	(516,546)			(564,156)

Net current assets			422,274			116,498

Total assets less current liabilities			766,101			453,313

Creditors: amounts falling due after more than one year	7		(361,492)			(46,311)

Provisions for liabilities			(16,299)			(4,733)


Net assets			388,310			402,269

Capital and reserves
Called up share capital			100			100
Profit and loss account			388,210			402,169

Shareholders' funds			388,310			402,269

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




P Beaumont
Director
Approved by the board on 30 June 2025

SB SKILLS SOLUTIONS LIMITED
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:


	Buildings			10% Reducing balance
	Plant and machinery			15% Reducing balance
	Motor vehicles			20% Reducing balance

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					32		36


3	Intangible fixed assets							£
	Goodwill:

	Cost
	At 1 April 2024							12,000
	At 31 March 2025							12,000

	Amortisation
	At 1 April 2024							12,000
	At 31 March 2025							12,000

	Net book value
	At 31 March 2025							-

	Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.


4	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 April 2024	83,772		443,653		95,408		622,833
	Additions	18,032		68,909		16,995		103,936
	Disposals	-		(37,000)		(12,995)		(49,995)
	At 31 March 2025	101,804		475,562		99,408		676,774

	Depreciation
	At 1 April 2024	15,608		210,039		60,371		286,018
	Charge for the year	10,646		59,244		8,592		78,482
	On disposals	-		(27,221)		(4,332)		(31,553)
	At 31 March 2025	26,254		242,062		64,631		332,947

	Net book value
	At 31 March 2025	75,550		233,500		34,777		343,827
	At 31 March 2024	68,164		233,614		35,037		336,815


5	Debtors					2025		2024
£							£

	Trade debtors					714,694		477,897
	Other debtors					10,320		170,585
						725,014		648,482


6	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					41,721		-
	Obligations under finance lease and hire purchase contracts					29,018		155,944
	Trade creditors					256,960		280,469
	Corporation tax					60,839		28,145
	Other taxes and social security costs					27,264		44,154
	Other creditors					100,744		55,444
						516,546		564,156


7	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					194,249		-
	Obligations under finance lease and hire purchase contracts					116,199		-
	Deferred tax					51,044		46,311
						361,492		46,311


8	Other information

	SB SKILLS SOLUTIONS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	Unit 4C
	Selby Place
	Skelmersdale
	WN8 8EF