Skills Provision Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 06056090

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		175,750		-
Tangible Assets	5		12,326		24,771
Investments	6		1		1

			188,077		24,772
CURRENT ASSETS
Debtors	7	5,166		53,737
Cash at bank and in hand		77,151		208,855

		82,317		262,592
Creditors: Amounts Falling Due Within One Year	8	(1,071 )		(27,519 )

NET CURRENT ASSETS (LIABILITIES)			81,246		235,073

TOTAL ASSETS LESS CURRENT LIABILITIES			269,323		259,845

Creditors: Amounts Falling Due After More Than One Year	9		(66,219 )		(59,526 )

NET ASSETS			203,104		200,319

CAPITAL AND RESERVES
Called up share capital	10		100		100
Revaluation reserve	11		175,750		-
Profit and Loss Account			27,254		200,219

SHAREHOLDERS' FUNDS			203,104		200,319

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Skills Provision Limited

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 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 Chris Slay

Director

1st April 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Skills Provision Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06056090 . The registered office is The Paddock, Little Acre, Chantry, Frome, BA11 3LN.

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 - Intellectual Property

Intellectual property assets are .... It is amortised to the profit and loss account over its estimated economic life of .... 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	0
Computer Equipment	0

2.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

3. Average Number of Employees

Average number of employees, including directors, during the year was:

	2025	2024
Office and administration	2	2
Sales, marketing and distribution	1	2

	3	4

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Skills Provision Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Intangible Assets

	Intellectual Property
	£
Cost
As at 1 April 2024	-
Additions	175,750

As at 31 March 2025	175,750

Net Book Value
As at 31 March 2025	175,750

As at 1 April 2024	-

5. Tangible Assets

	Motor Vehicles	Computer Equipment	Total
	£	£	£
Cost
As at 1 April 2024	49,581	3,506	53,087

As at 31 March 2025	49,581	3,506	53,087

Depreciation
As at 1 April 2024	24,810	3,506	28,316
Provided during the period	12,445	-	12,445

As at 31 March 2025	37,255	3,506	40,761

Net Book Value
As at 31 March 2025	12,326	-	12,326

As at 1 April 2024	24,771	-	24,771

6. Investments

	Listed	Unlisted	Total
	£	£	£
Cost
As at 1 April 2024	(99,999 )	100,000	1
Additions	99,999	(99,999 )	-

As at 31 March 2025	-	1	1

Provision
As at 1 April 2024	-	-	-

As at 31 March 2025	-	-	-

Net Book Value
As at 31 March 2025	-	1	1

As at 1 April 2024	(99,999 )	100,000	1

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Skills Provision Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	4,888	52,737
Other debtors	-	1,000
VAT	278	-

	5,166	53,737

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	894	-
VAT	-	16,774
Other creditors	177	1,327
Accruals and deferred income	-	9,418

	1,071	27,519

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Directors loan account	66,219	59,526

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

11. Reserves

	Revaluation Reserve
	£
Surplus on revaluation	175,750

As at 31 March 2025	175,750

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