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Registered number: 06649072
Access Skills Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
TAG Accountants Group Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 06649072
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 36,742 43,780
36,742 43,780
CURRENT ASSETS
Debtors 6 109,058 161,319
Cash at bank and in hand 363,446 408,281
472,504 569,600
Creditors: Amounts Falling Due Within One Year 7 (313,516 ) (311,358 )
NET CURRENT ASSETS (LIABILITIES) 158,988 258,242
TOTAL ASSETS LESS CURRENT LIABILITIES 195,730 302,022
PROVISIONS FOR LIABILITIES
Deferred Taxation (6,981 ) (10,396 )
NET ASSETS 188,749 291,626
CAPITAL AND RESERVES
Called up share capital 8 30 30
Profit and Loss Account 188,719 291,596
SHAREHOLDERS' FUNDS 188,749 291,626
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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.
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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Neil Crawford
Director
24th September 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Access Skills Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06649072 . The registered office is 12th Floor Cobalt Square, 83-85 Hagley Road, Birmingham, B16 8QG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 25% on reducing balance
Computer Equipment 33.33% on cost
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2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 26 (2023: 24)
26 24
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2024 65,019
As at 31 December 2024 65,019
Amortisation
As at 1 January 2024 65,019
As at 31 December 2024 65,019
Net Book Value
As at 31 December 2024 -
As at 1 January 2024 -
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5. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2024 105,390 15,509 54,665 175,564
Additions - 430 5,038 5,468
As at 31 December 2024 105,390 15,939 59,703 181,032
Depreciation
As at 1 January 2024 67,415 15,509 48,860 131,784
Provided during the period 9,494 108 2,904 12,506
As at 31 December 2024 76,909 15,617 51,764 144,290
Net Book Value
As at 31 December 2024 28,481 322 7,939 36,742
As at 1 January 2024 37,975 - 5,805 43,780
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 25,133 27,910
Prepayments and accrued income 76,054 127,972
Other debtors 7,871 5,437
109,058 161,319
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 42,605 35,624
Other taxes and social security 21,017 22,011
VAT 33,442 37,220
Other creditors 16,076 10,837
Accruals and deferred income 200,023 205,313
Directors' loan accounts 353 353
313,516 311,358
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8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 30 30
9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 27,190 27,190
Later than one year and not later than five years 22,658 49,848
49,848 77,038
10. Audit Information
The auditor's report on the accounts of Access Skills Ltd for the year ended 31 December 2024 was unqualified.
The auditor's report was signed by Statutory Auditor.
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