REGISTERED NUMBER: 13156505 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2025

for

Skillmatch Recruitment Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

T P Partridge

REGISTERED OFFICE:

Unit 1 The Cam Centre

Wilbury Way

Hitchin

Hertfordshire

SG4 0TW

REGISTERED NUMBER:

13156505 (England and Wales)

FIXED ASSETS

Tangible assets

4

12,693

11,176

CURRENT ASSETS

Debtors

5

3,683

3,691

Cash at bank

13,663

32,975

17,346

36,666

CREDITORS

Amounts falling due within one year

6

22,856

29,251

NET CURRENT (LIABILITIES)/ASSETS

(5,510

)

7,415

TOTAL ASSETS LESS CURRENT LIABILITIES

7,183

18,591

PROVISIONS FOR LIABILITIES

3,144

2,855

NET ASSETS

4,039

15,736

CAPITAL AND RESERVES

Called up share capital

7

10

10

Retained earnings

4,029

15,726

SHAREHOLDERS' FUNDS

4,039

15,736

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Profit and Loss has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 April 2025 and were signed by:

T P Partridge - Director

1.	STATUTORY INFORMATION

Skillmatch Recruitment Ltd 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.

2.	ACCOUNTING POLICIES

Statement of compliance

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.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

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

Going concern

The directors have pledged to continue to financially support the company for the foreseeable future. On

this basis, the directors feel it is appropriate to prepare these financial statements on a going concern

basis.

Judgements

The preparation of the financial statements requires management to make judgements, estimates and

assumptions that affect the amounts reported. These estimates and judgements are continually reviewed

and are based on experience and other factors, including expectations of future events that are believed

to be reasonable under the circumstances.

Turnover

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Profit and Loss, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the

ordinary course of business.

Trade debtors are recognised at the transaction price.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary

course of business from suppliers. Accounts payable are classified as current liabilities if the company

does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor

for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for

at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are

classified as operating leases. Payments made under operating leases are charged to profit or loss on a

straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or

other resources received or receivable, net of the direct costs of issuing the equity instruments. If

payment is deferred and the time value of money is material, the initial measurement is on a present

value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements

in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund

and the company has no legal or constructive obligation to pay further contributions even if the fund does

not hold sufficient assets to pay all employees the benefits relating to employee service in the current and

prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are

due. If contribution payments exceed the contribution due for service, the excess is recognised as a

prepayment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 February 2024

2,392

12,892

2,275

17,559

Additions

3,164

-

822

3,986

At 31 January 2025

5,556

12,892

3,097

21,545

DEPRECIATION

At 1 February 2024

1,114

4,437

832

6,383

Charge for year

412

1,691

366

2,469

At 31 January 2025

1,526

6,128

1,198

8,852

NET BOOK VALUE

At 31 January 2025

4,030

6,764

1,899

12,693

At 31 January 2024

1,278

8,455

1,443

11,176

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,440

1,440

Other debtors

2,243

2,251

3,683

3,691

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

1,362

1,945

Taxation and social security

20,005

25,667

Other creditors

1,489

1,639

22,856

29,251

7.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2025

2024

value:

£

£

1

Share capital 1

10

10

10

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £52,000 were paid to the director .

At the balance sheet date, the company owed £99.53 (2024: £380.31) to T Partridge, the sole director

and majority shareholder of Skillmatch Recruitment Limited. The loan is repayable on demand with no

interest being charged.

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is T P Partridge.