Skills Provision Limited

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

Registered number: 06056090

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		1,650,000		175,750
Tangible Assets	5		1		12,326
Investments	6		1		1

			1,650,002		188,077
CURRENT ASSETS
Debtors	7	7,369		5,166
Cash at bank and in hand		13,963		77,151

		21,332		82,317
Creditors: Amounts Falling Due Within One Year	8	(3,058 )		(1,071 )

NET CURRENT ASSETS (LIABILITIES)			18,274		81,246

TOTAL ASSETS LESS CURRENT LIABILITIES			1,668,276		269,323

Creditors: Amounts Falling Due After More Than One Year	9		(66,140 )		(66,219 )

NET ASSETS			1,602,136		203,104

CAPITAL AND RESERVES
Called up share capital	10		100		100
Revaluation reserve	11		175,750		175,750
Other reserves			1,474,250		-
Profit and Loss Account			(47,964 )		27,254

SHAREHOLDERS' FUNDS			1,602,136		203,104

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Skills Provision Limited

Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 2026 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

31st March 2026

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 related to interactive recruitment-based software platform. It is amortised to the 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% straight line

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:

	2026	2025
Office and administration	2	2
Sales, marketing and distribution	1	1

	3	3

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Skills Provision Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

4. Intangible Assets

	Intellectual Property
	£
Cost
As at 1 April 2025	175,750
Additions	1,474,250

As at 31 March 2026	1,650,000

Net Book Value
As at 31 March 2026	1,650,000

As at 1 April 2025	175,750

5. Tangible Assets

	Motor Vehicles	Computer Equipment	Total
	£	£	£
Cost
As at 1 April 2025	49,581	3,506	53,087

As at 31 March 2026	49,581	3,506	53,087

Depreciation
As at 1 April 2025	37,255	3,506	40,761
Provided during the period	12,325	-	12,325

As at 31 March 2026	49,580	3,506	53,086

Net Book Value
As at 31 March 2026	1	-	1

As at 1 April 2025	12,326	-	12,326

6. Investments

	Unlisted
	£
Cost or Valuation
As at 1 April 2025	1

As at 31 March 2026	1

Provision
As at 1 April 2025	-

As at 31 March 2026	-

Net Book Value
As at 31 March 2026	1

As at 1 April 2025	1

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Skills Provision Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

7. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	5,884	4,888
VAT	1,485	278

	7,369	5,166

8. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	895	894
Other creditors	708	177
Accruals and deferred income	1,455	-

	3,058	1,071

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

	2026	2025
	£	£
Directors loan account	66,140	66,219

10. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	100	100

11. Reserves

	Revaluation reserve	Other reserves	Profit and Loss Account
	£	£	£
As at 1 April 2025	175,750	-	27,254
Loss for the year and total comprehensive income	-	-	(75,218 )

Movements in other reserves	-	1,474,250	-

As at 31 March 2026	175,750	1,474,250	(47,964 )

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