REGISTERED NUMBER: 08937676 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st March 2025

for

Skillectric Business Management Services

Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs A Price

REGISTERED OFFICE:

Black Bull House

353-355 Station Road

Bamber Bridge

Preston

Lancashire

PR5 6EE

REGISTERED NUMBER:

08937676 (England and Wales)

ACCOUNTANTS:

Robin Oatridge & Co Limited

Chartered Certified Accountants

Black Bull House

353-355 Station Road

Bamber Bridge

Preston

Lancashire

PR5 6EE

FIXED ASSETS

Tangible assets

4

2,311

2,719

CURRENT ASSETS

Debtors

5

35,166

36,986

Cash at bank

10,695

27,916

45,861

64,902

CREDITORS

Amounts falling due within one year

6

43,318

57,792

NET CURRENT ASSETS

2,543

7,110

TOTAL ASSETS LESS CURRENT LIABILITIES

4,854

9,829

CREDITORS

Amounts falling due after more than one year

7

(4,000

)

(8,000

)

PROVISIONS FOR LIABILITIES

(518

)

(511

)

NET ASSETS

336

1,318

CAPITAL AND RESERVES

Called up share capital

80

80

Retained earnings

256

1,238

SHAREHOLDERS' FUNDS

336

1,318

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

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

The director acknowledges her 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 4th November 2025 and were signed by:

Mrs A Price - Director

1.	STATUTORY INFORMATION

Skillectric Business Management Services 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.

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 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 etc

-

15% on reducing balance

Taxation

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

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2024

and 31st March 2025

8,609

DEPRECIATION

At 1st April 2024

5,890

Charge for year

408

At 31st March 2025

6,298

NET BOOK VALUE

At 31st March 2025

2,311

At 31st March 2024

2,719

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

6,060

17,018

Other debtors

29,106

19,968

35,166

36,986

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

4,000

4,000

Taxation and social security

36,925

51,188

Other creditors

2,393

2,604

43,318

57,792

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

4,000

8,000

No security was required for the bank loan.

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

8,724

7,304

Between one and five years

11,632

-

20,356

7,304

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st March 2025 and 31st March 2024:

2025

2024

£

£

Mrs A M Acornley

Balance outstanding at start of year

7,333

15,194

Amounts advanced

-

7,333

Amounts repaid

(7,333

)

(15,194

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

7,333

Mrs A Price

Balance outstanding at start of year

7,333

15,194

Amounts advanced

28,729

7,333

Amounts repaid

(7,333

)

(15,194

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

28,729

7,333

The director's loan accounts are repayable within nine months of the accounting period end. Interest is charged by the company on loan balances at a rate of 2.25% pa.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Mrs A Price.