REGISTERED NUMBER: 02434799 (England and Wales)

Skills Training Agency Limited

Unaudited Financial Statements for the Year Ended 31 March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S P Eastwood

REGISTERED OFFICE:

35 Burymead Road

Hitchin

Hertfordshire

SG5 1RT

REGISTERED NUMBER:

02434799 (England and Wales)

ACCOUNTANTS:

Smailes Goldie

Chartered Accountants

Regent's Court

Princess Street

Hull

East Yorkshire HU2 8BA

FIXED ASSETS

Tangible assets

4

12,653

12,802

CURRENT ASSETS

Stocks

875

875

Debtors

5

285,605

249,550

Cash at bank and in hand

91,240

130,326

377,720

380,751

CREDITORS

Amounts falling due within one year

6

49,542

87,801

NET CURRENT ASSETS

328,178

292,950

TOTAL ASSETS LESS CURRENT LIABILITIES

340,831

305,752

PROVISIONS FOR LIABILITIES

2,650

2,527

NET ASSETS

338,181

303,225

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

338,179

303,223

SHAREHOLDERS' FUNDS

338,181

303,225

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 December 2025 and were signed by:

S P Eastwood - Director

1.	STATUTORY INFORMATION

Skills Training Agency Limited 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

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.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover

Turnover represents the value of services provided net of value added tax. Where a contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on the a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Tangible fixed assets

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

Improvements to property

- 10% reducing balance

Plant and machinery

- 15% reducing balance

Fixtures and fittings

- 15% reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Employee benefits

When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

Government grants

Government grants in respect of capital expenditure are credited to the profit and loss account over the estimated lives of the relevant fixed assets. The amount shown in the balance sheet as deferred government grants represents the total grants receivable to date less the amounts so far released to the profit and loss account.

Grants of a revenue nature which are made to give immediate financial support or to reimburse costs previously incurred are credited to profit and loss account in the period in which they become receivable.

Grants of a revenue nature which are made to finance general activities over a specified period or to compensate for a loss of current or future income are credited to profit and loss account in the period in which they are paid.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

COST

At 1 April 2024

81,080

95,503

35,705

212,288

Additions

-

-

2,105

2,105

At 31 March 2025

81,080

95,503

37,810

214,393

DEPRECIATION

At 1 April 2024

80,953

84,869

33,664

199,486

Charge for year

-

1,672

582

2,254

At 31 March 2025

80,953

86,541

34,246

201,740

NET BOOK VALUE

At 31 March 2025

127

8,962

3,564

12,653

At 31 March 2024

127

10,634

2,041

12,802

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

40,816

59,622

Other debtors

36,671

31,810

Amounts owed by group undertakings

208,118

158,118

285,605

249,550

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

10,048

39,206

Tax

11,092

15,445

Social security and other taxes

5,531

9,259

VAT

2,254

-

Other creditors

16,585

21,835

Amounts owed to associated undertakings

4,032

2,056

49,542

87,801

7.	LEASING AGREEMENTS

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

2025

2024

£

£

Within one year

65,200

65,200

Between one and five years

195,600

260,800

260,800

326,000

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary Share Capital

£1

2

2

9.	PENSION COMMITMENTS

During the year the company made contributions to money purchase pension schemes on behalf of its employees. The charge for the year in respect of these contributions was £2,717 (2024- £2,055). The amount outstanding at the end of the year was £173 (2024- £402).

10.	ULTIMATE CONTROLLING PARTY

The parent company of the group of undertakings is Mission House (Hull) Holdings Limited, registered in England and Wales. Mission House (Hull) Holdings Limited is also the company's ultimate parent undertaking and its registered office is Mission House, 900 Hedon Road, Hull, East Yorkshire HU9 5LX. Copies of Mission House (Hull) Holdings Limited's financial statements can be obtained from Companies House.