Company Registration No. 08607591 (England and Wales)
NORTH WEST SKILLS ACADEMY LIMITED
Unaudited accounts
for the year ended 31 July 2018
NORTH WEST SKILLS ACADEMY LIMITED
Unaudited accounts
Contents
NORTH WEST SKILLS ACADEMY LIMITED
Company Information
for the year ended 31 July 2018
Directors
Jane Riley
Samuel Riley
Company Number
08607591 (England and Wales)
Registered Office
Unit 33 Momentum Place
Bamber Bridge
Preston
PR5 6EF
NORTH WEST SKILLS ACADEMY LIMITED
Statement of financial position
as at
31 July 2018
Intangible assets
12,000
14,000
Tangible assets
71,670
46,639
Cash at bank and in hand
782,943
254,498
Creditors: amounts falling due within one year
(554,851)
(237,349)
Net current assets
818,347
155,457
Total assets less current liabilities
902,017
216,096
Provisions for liabilities
Deferred tax
(3,561)
(3,561)
Net assets
898,456
212,535
Called up share capital
140
140
Capital redemption reserve
60
60
Profit and loss account
898,256
212,335
Shareholders' funds
898,456
212,535
For the year ending 31 July 2018 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 4 February 2019.
Samuel Riley
Director
Company Registration No. 08607591
NORTH WEST SKILLS ACADEMY LIMITED
Notes to the Accounts
for the year ended 31 July 2018
NORTH WEST SKILLS ACADEMY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08607591. The registered office is Unit 33 Momentum Place, Bamber Bridge, Preston, PR5 6EF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
25% reducing balance
Plant & machinery
15% reducing balance
Motor vehicles
25% reducing balance
Computer equipment
33% straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
Charge for the year
2,000
NORTH WEST SKILLS ACADEMY LIMITED
Notes to the Accounts
for the year ended 31 July 2018
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 August 2017
-
13,770
20,600
26,706
13,095
74,171
Additions
25,504
-
-
-
25,261
50,765
At 31 July 2018
25,504
13,770
20,600
26,706
38,356
124,936
At 1 August 2017
-
5,001
12,678
4,006
5,847
27,532
Charge for the year
6,376
1,315
1,981
3,405
12,657
25,734
At 31 July 2018
6,376
6,316
14,659
7,411
18,504
53,266
At 31 July 2018
19,128
7,454
5,941
19,295
19,852
71,670
At 31 July 2017
-
8,769
7,922
22,700
7,248
46,639
Amounts due from group undertakings etc.
259,983
118,938
Accrued income and prepayments
328,316
19,370
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Creditors: amounts falling due within one year
2018
2017
Taxes and social security
408,055
97,319
Loans from directors
(157,503)
(120,000)
Deferred income
250,828
250,830
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Unsecured loan
-
12,215
12,215
-
Unsecured loan
120,000
181,098
145,000
156,098
120,000
193,313
157,215
156,098
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Average number of employees
During the year the average number of employees was 18 (2017: 14).