SKILLSEARCH_LIMITED - Accounts

SKILLSEARCH LIMITED - Company Information

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Company Registration No. 05735564 (England and Wales)

SKILLSEARCH LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2015

SKILLSEARCH LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

SKILLSEARCH LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

2,838

7,480

Current assets

Debtors

991,207

863,049

Cash at bank and in hand

259,604

30,133

1,250,811

893,182

Creditors: amounts falling due within one year

(1,119,609)

(724,434)

Net current assets

131,202

168,748

Total assets less current liabilities

134,040

176,228

Provisions for liabilities

(440)

134,040

175,788

Capital and reserves

Called up share capital

100

Other reserves

Profit and loss account

133,889

175,637

Shareholders' funds

134,040

175,788

For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 10 December 2015

S T Gillespie

Director

Company Registration No. 05735564

SKILLSEARCH LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable in respect of the provision of personnel to the IT profession prior to the b alance sh eet date, net of VAT.balance sheet date, net of VAT.

1.4

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 less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment

33.33% per annum straight line basis

1.5

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the Balance Sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to the Profit and Loss account.

Fixed assets

Tangible assets

Cost

At 1 April 2014

20,793

Disposals

(676)

At 31 March 2015

20,117

Depreciation

At 1 April 2014

13,313

On disposals

(111)

Charge for the year

4,077

At 31 March 2015

17,279

Net book value

At 31 March 2015

2,838

At 31 March 2014

7,480

SKILLSEARCH LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2015

- 3 -

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £291,529 (2014 - £180,931).

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100