For the year ended 31 March 2015
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 05760197
Skills for Work Ltd
For the year ended 31 March 2015
1
Accountants' Report
2
Balance Sheet
3
Notes to the Abbreviated Financial Statements
Accountants' Report
For the year ended 31 March 2015
Skills for Work Ltd
As described on the balance sheet you are responsible for the preparation of the financial statements for the year
|
ended
31
March
2015
and you consider that the company is exempt from an audit under the Companies Act
2006
.
|
In accordance with your instructions
,
we have compiled these unaudited financial statements in order to assist you
|
to fulfil your statutory responsibilities
,
from the accounting records and information and explanations supplied to us
.
|
williams lester accountants ltd
3 Cwrt Y Parc
Earlswood Road
Llanishen
Cardiff
CF14 5GH
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Notes to the Abbreviated Financial Statements
|
For the year ended 31 March 2015
Skills for Work Ltd
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
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Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
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Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange
|
ruling at the balance sheet date
.
Transactions in foreign currencies are recorded at the rate ruling at the date of the
|
transaction
.
All foreign exchange differences are included to the profit and loss account
.
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Proposed dividends are only included as liabilities in the financial statements when their payment has been approved
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by the shareholders prior to the balance sheet date
.
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Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
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Plant and Machinery
Allotted called up and fully paid
|
2015
2014
2
Ordinary shares of £
1
.
00
each
|
2
2
2
2
3 of 3