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For the year ended 31 July 2015
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 03939817
2
B-Skill Ltd
For the year ended 31 July 2015
1
Accountants' Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
3
Chartered Accountants' Report
For the year ended 31 July 2015
B-Skill Ltd
Chartered Accountants' Report to the Board of Directors
| In order to assist you to fulfil your duties under Companies Act 2006, we have prepared for your approval the |
| accounts of B-Skill Ltd for the year ended 31 July 2015 which comprise the Profit and Loss Account, the Balance |
| Sheet and the related notes from the company's accounting records and from information and explanations you |
| have given us. |
| As a practising firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its |
| ethical and other professional requirements which are detailed at icaew.com/membershandbook. |
| This report is made solely to the Board of Directors of B-Skill Ltd, as a body, in accordance with the terms of our |
| engagement letter dated 10 November 2015. Our work has been undertaken solely to prepare for your approval the |
| accounts of B-Skill Ltd and state those matters that we have agreed to state to the Board of Directors of B-Skill Ltd, |
| as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent |
| permitted by law, we do not accept or assume responsibility to anyone other than B-Skill Ltd and its Board of |
| Directors as a body for our work or for this report. |
| It is your duty to ensure that B-Skill Ltd has kept adequate accounting records to prepare statutory accounts that |
| give a true and fair view of the assets, liabilities, financial position and profit of B-Skill Ltd. You consider that B-Skill |
| Ltd is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the accounts of B-Skill Ltd. For this reason, we |
| have not verified the accuracy or completeness of the accounting records or information and explanations you have |
| given to us and we do not, therefore, express any opinion on the statutory accounts. |
Brewster & Co.
5a Station Terrace
East Boldon
Tyne & Wear
NE36 0LJ
10 November 2015
1 of 4
4
| Abbreviated Balance Sheet |
B-Skill Ltd
2015
2014
2
11,049
9,322
11,049
9,322
143,975
146,475
160,020
244,474
40,228
523
431,177
304,518
| Creditors: amounts falling due within one year |
(177,669)
(287,690)
126,849
143,487
Net current assets
| Total assets less current liabilities |
154,536
136,171
| Creditors: amounts falling due after more than one year |
3
(67,995)
(58,815)
95,721
Net assets
68,176
62,200
4
62,200
36,081
36,081
(2,560)
(30,105)
95,721
68,176
Shareholders funds
| For the year ended 31 July 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. |
| Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; |
| 2) 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 in accordance with the provisions applicable to companies subject to the small companies regime. |
| Date approved by the board: 10 November 2015 |
| Signed on behalf of the board of directors |
2 of 4
5
| Notes to the Abbreviated Financial Statements |
For the year ended 31 July 2015
B-Skill 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). |
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
| Research and development expenditure is charged to the profit and loss account in the period in which it is incurred. |
| However, where the directors are satisfied as to the technical, commercial and financial viability of individual projects, |
| development expenditure is deferred and amortised over 0 years during which the company is expected to benefit. |
| 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: |
Computer Equipment
Motor Vehicles
Fixtures and Fittings
| Stocks and work in progress |
| Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
3 of 4
6
| Notes to the Abbreviated Financial Statements |
For the year ended 31 July 2015
B-Skill Ltd
313,238
9,514
322,752
303,916
7,787
Charge for year
311,703
11,049
9,322
2014
2015
| 3 Creditors due after more than one year |
58,815
67,995
| 7,200 Ordinary shares of £1.00 each |
| 55,000 A Shares shares of £1.00 each |
| Allotted called up and fully paid |
2015
2014
| 7,200 Ordinary shares of £1.00 each |
7,200
7,200
| 55,000 A Shares shares of £1.00 each |
55,000
55,000
62,200
62,200
4 of 4
