Propertyskills Limited
Propertyskills Limited
Registered number: 03366791
Unaudited Financial Statements
For The Year Ended
31 May 2021
Propertyskills Limited
Unaudited Financial Statements
For The Year Ended
31 May 2021
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 2—3 |
| Notes to the Financial Statements | 4—6 |
Propertyskills Limited
Balance Sheet
As at
31 May 2021
Balance Sheet
Registered number:
03366791
For the year ending 31 May 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 2021 | 2020 | ||||
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 4 |
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| Investments | 5 |
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| CURRENT ASSETS | |||||
| Debtors | 6 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 7 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| Creditors: Amounts Falling Due After More Than One Year | 8 |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 9 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | 3,110 | 2,306 | |||
Propertyskills Limited
Balance Sheet (continued)
As at
31 May 2021
Directors' responsibilities:
-
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
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Director
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The notes on pages 4 to 6 form part of these financial statements.
Propertyskills Limited
Notes to the Financial Statements
For The Year Ended
31 May 2021
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Turnover comprises the invoiced value of services supplied by the company, net of Value Added Tax .
1.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
| Plant & Machinery |
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| Fixtures & Fittings |
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| Computer Equipment |
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1.4.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows:
| 2021 | 2020 | ||
|---|---|---|---|
| Office and administration |
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Propertyskills Limited
Notes to the Financial Statements (continued)
For The Year Ended
31 May 2021
4.
Tangible Assets
| Plant & Machinery | Fixtures & Fittings | Computer Equipment | Total | |
|---|---|---|---|---|
| £ | £ | £ | £ | |
| Cost | ||||
| As at
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| Additions |
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| Disposals |
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| Depreciation | ||||
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| Provided during the period |
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| Disposals |
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| As at
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| Net Book Value | ||||
| As at
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5.
Investments
| Unlisted | |
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| £ | |
| Cost | |
| As at
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15,000 |
| As at
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15,000 |
| Provision | |
| As at
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- |
| As at
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| Net Book Value | |
| As at
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15,000 |
| As at
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15,000 |
6.
Debtors
| 2021 | 2020 | ||
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| £ | £ | ||
| Due within one year | |||
| Prepayments and accrued income |
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Propertyskills Limited
Notes to the Financial Statements (continued)
For The Year Ended
31 May 2021
7.
Creditors: Amounts Falling Due Within One Year
| 2021 | 2020 | ||
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| £ | £ | ||
| Trade creditors |
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| Corporation tax |
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| VAT |
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| Other creditors |
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| Accruals and deferred income |
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| Directors' loan accounts |
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| Shareholder's account | 11,800 | 9,800 | |
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8.
Creditors: Amounts Falling Due After More Than One Year
| 2021 | 2020 | ||
|---|---|---|---|
| £ | £ | ||
| Directors loan account |
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10.
Dividends
| 2021 | 2020 | ||
|---|---|---|---|
| £ | £ | ||
| On equity shares: | |||
| Final dividend paid |
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| 48,000 | 4,000 | ||
11.
Related Party Transactions
The ddirectors and their family have leant to the company £12.000 onsecured. The terms of interest at 8% per annum
12.
Ultimate Controlling Party
The company's under the control of the directors by virtue of their shareholding in the company.
13.
General Information
Propertyskills Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
03366791
. The registered office is 33 Mount Ephraim, Tunbridge Wells, Kent, TN4 8AA.