Company Registration No. 08607591 (England and Wales)
NORTH WEST SKILLS ACADEMY LIMITED
Unaudited accounts
for the year ended 31 July 2021
NORTH WEST SKILLS ACADEMY LIMITED
Unaudited accounts
Contents
NORTH WEST SKILLS ACADEMY LIMITED
Company Information
for the year ended 31 July 2021
Company Number
08607591 (England and Wales)
Registered Office
Preston New Road
Samlesbury
Preston
PR5 0UP
United Kingdom
NORTH WEST SKILLS ACADEMY LIMITED
Statement of financial position
as at
31 July 2021
Intangible assets
-
5,000
Tangible assets
69,847
128,221
Debtors
1,590,225
776,369
Cash at bank and in hand
377,886
752,133
Creditors: amounts falling due within one year
(466,768)
(325,608)
Net current assets
1,501,343
1,202,894
Total assets less current liabilities
1,571,190
1,336,115
Creditors: amounts falling due after more than one year
(240,808)
(320,362)
Provisions for liabilities
Deferred tax
(3,561)
(3,561)
Net assets
1,326,821
1,012,192
Called up share capital
140
140
Capital redemption reserve
60
60
Profit and loss account
1,326,621
1,011,992
Shareholders' funds
1,326,821
1,012,192
For the year ending 31 July 2021 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 director acknowledges his 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.
The financial statements were approved by the Board and authorised for issue on 7 July 2022 and were signed on its behalf by
Samuel Riley
Director
Company Registration No. 08607591
NORTH WEST SKILLS ACADEMY LIMITED
Notes to the Accounts
for the year ended 31 July 2021
NORTH WEST SKILLS ACADEMY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08607591. The registered office is Preston New Road, Samlesbury, Preston, PR5 0UP, United Kingdom.
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
5,000
NORTH WEST SKILLS ACADEMY LIMITED
Notes to the Accounts
for the year ended 31 July 2021
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 2020
88,004
29,027
58,507
37,355
53,485
266,378
Additions
1,337
470
-
-
3,685
5,492
At 31 July 2021
89,341
29,497
58,507
37,355
57,170
271,870
At 1 August 2020
34,925
11,652
29,778
23,508
38,294
138,157
Charge for the year
22,073
7,296
15,035
9,338
10,124
63,866
At 31 July 2021
56,998
18,948
44,813
32,846
48,418
202,023
At 31 July 2021
32,343
10,549
13,694
4,509
8,752
69,847
At 31 July 2020
53,079
17,375
28,729
13,847
15,191
128,221
6
Debtors: amounts falling due within one year
2021
2020
Trade debtors
232,577
111,606
Amounts due from group undertakings etc.
-
263,352
Accrued income and prepayments
727,277
326,377
Other debtors
73,949
74,998
Debtors: amounts falling due after more than one year
Amounts due from group undertakings etc.
556,422
-
7
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
75,840
49,333
Trade creditors
154,112
77,131
Amounts owed to group undertakings and other participating interests
8,501
-
Taxes and social security
470,941
380,039
Other creditors
12,962
20,847
Loans from directors
(422,303)
(441,743)
Deferred income
125,000
125,000
8
Creditors: amounts falling due after more than one year
2021
2020
Bank loans
240,808
320,362
NORTH WEST SKILLS ACADEMY LIMITED
Notes to the Accounts
for the year ended 31 July 2021
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Unsecured loan
441,743
442,490
441,930
442,303
441,743
442,490
441,930
442,303
10
Average number of employees
During the year the average number of employees was 21 (2020: 21).