REGISTERED NUMBER: 08617659 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2019

for

SkillsForge Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

G Fawcett

J C Carr

M R Just

A E Ward

R P Whittington

SECRETARY:

B M Bentley

REGISTERED OFFICE:

The Innovation Centre

Innovation Way

Heslington

York

North Yorkshire

YO10 5NY

REGISTERED NUMBER:

08617659 (England and Wales)

ACCOUNTANTS:

Stirk Lambert & Co

Chartered Accountants

Russell Chambers

61a North Street

Keighley

West Yorkshire

BD21 3DS

FIXED ASSETS

Tangible assets

4

2,826

1,904

CURRENT ASSETS

Debtors

5

179,161

30,248

Cash at bank

58,939

6,136

238,100

36,384

CREDITORS

Amounts falling due within one year

6

28,565

61,491

NET CURRENT ASSETS/(LIABILITIES)

209,535

(25,107

)

TOTAL ASSETS LESS CURRENT LIABILITIES

212,361

(23,203

)

PROVISIONS FOR LIABILITIES

7

537

362

NET ASSETS/(LIABILITIES)

211,824

(23,565

)

CAPITAL AND RESERVES

Called up share capital

277

200

Share premium

174,928

-

Retained earnings

36,619

(23,765

)

211,824

(23,565

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 20 February 2019 and were signed on its behalf by:

G Fawcett - Director

1.	STATUTORY INFORMATION

SkillsForge Ltd is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents the amounts received or receivable for goods and services provided to customers, excluding

VAT.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

Going concern

The financial statements have been prepared on the going concern basis on the understanding the directors will

continue to support the company for the foreseeable future, which is considered to be a period of at least 12

months.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2018 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 February 2018

3,663

Additions

2,922

At 31 January 2019

6,585

DEPRECIATION

At 1 February 2018

1,759

Charge for year

2,000

At 31 January 2019

3,759

NET BOOK VALUE

At 31 January 2019

2,826

At 31 January 2018

1,904

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.19

31.1.18

£

£

Trade debtors

155,342

28,995

Other debtors

-

200

Directors' current accounts

293

-

Prepayments

23,526

1,053

179,161

30,248

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.19

31.1.18

£

£

Trade creditors

2,520

-

Tax

8,169

-

Social security and other taxes

11,185

38,635

VAT

5,161

19,129

Net Wages

281

398

Directors' current accounts

-

2,130

Accrued expenses

1,249

1,199

28,565

61,491

7.	PROVISIONS FOR LIABILITIES

31.1.19

31.1.18

£

£

Deferred tax

537

362

Deferred

tax

£

Balance at 1 February 2018

362

Provided during year

175

Balance at 31 January 2019

537

8.	ULTIMATE CONTROLLING PARTY

The company is controlled by the directors by virtue of their shareholdings.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary

statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of SkillsForge Ltd for the year ended 31 January 2019 which comprise the Income Statement,

Statement of Financial Position and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of SkillsForge Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of SkillsForge Ltd and state those matters that we have agreed to state to the Board of Directors of SkillsForge Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SkillsForge Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that SkillsForge Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of SkillsForge Ltd. You consider that SkillsForge 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 financial statements of SkillsForge 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 financial statements.

Stirk Lambert & Co

Chartered Accountants

Russell Chambers

61a North Street

Keighley

West Yorkshire

BD21 3DS

20 February 2019