Company Registration No. 08607591 (England and Wales)
NORTH WEST SKILLS ACADEMY LIMITED
Unaudited accounts
for the year ended 31 July 2022
NORTH WEST SKILLS ACADEMY LIMITED
Unaudited accounts
Contents
NORTH WEST SKILLS ACADEMY LIMITED
Company Information
for the year ended 31 July 2022
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 2022
Tangible assets
27,896
69,847
Debtors
1,676,123
2,012,528
Cash at bank and in hand
426,744
377,886
Creditors: amounts falling due within one year
(1,085,344)
(889,071)
Net current assets
1,017,523
1,501,343
Total assets less current liabilities
1,045,419
1,571,190
Creditors: amounts falling due after more than one year
(142,714)
(240,808)
Provisions for liabilities
Deferred tax
(3,561)
(3,561)
Net assets
899,144
1,326,821
Called up share capital
140
140
Capital redemption reserve
60
60
Profit and loss account
898,944
1,326,621
Shareholders' funds
899,144
1,326,821
For the year ending 31 July 2022 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 21 April 2023 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 2022
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
4
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 2021
89,341
29,497
58,507
37,355
57,170
271,870
Additions
-
-
625
-
1,461
2,086
Disposals
(1,450)
(848)
-
-
(6,630)
(8,928)
At 31 July 2022
87,891
28,649
59,132
37,355
52,001
265,028
At 1 August 2021
56,998
18,948
44,813
32,846
48,418
202,023
Charge for the year
20,303
3,932
9,068
2,662
5,023
40,988
On disposals
(1,087)
(512)
-
-
(4,280)
(5,879)
At 31 July 2022
76,214
22,368
53,881
35,508
49,161
237,132
At 31 July 2022
11,677
6,281
5,251
1,847
2,840
27,896
At 31 July 2021
32,343
10,549
13,694
4,509
8,752
69,847
NORTH WEST SKILLS ACADEMY LIMITED
Notes to the Accounts
for the year ended 31 July 2022
Amounts falling due within one year
Trade debtors
578,464
232,577
Accrued income and prepayments
27,976
727,277
Other debtors
427,652
496,252
Amounts falling due after more than one year
Amounts due from group undertakings etc.
642,031
556,422
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
95,436
75,840
Trade creditors
250,336
154,112
Amounts owed to group undertakings and other participating interests
-
8,501
Taxes and social security
382,508
470,941
Other creditors
4,726
12,962
Deferred income
106,304
125,000
7
Creditors: amounts falling due after more than one year
2022
2021
Bank loans
142,714
240,808
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Unsecured loan
422,303
383,215
422,350
383,168
422,303
383,215
422,350
383,168
Included in other debtors is an amount of £383,168 loaned to Samuel Riley.
9
Average number of employees
During the year the average number of employees was 25 (2021: 21).