Company registration number 08928871 (England and Wales)
SKILTON SKIPS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
SKILTON SKIPS LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 4
SKILTON SKIPS LTD (REGISTERED NUMBER: 08928871)
BALANCE SHEET
AS AT
31 MARCH 2023
31 March 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
167,630
189,364
Current assets
Debtors
1,534
Cash at bank and in hand
3,237
3,033
3,237
4,567
Creditors: amounts falling due within one year
4
(158,642)
(158,149)
Net current liabilities
(155,405)
(153,582)
Total assets less current liabilities
12,225
35,782
Creditors: amounts falling due after more than one year
5
(23,876)
(24,897)
Net (liabilities)/assets
(11,651)
10,885
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
(11,652)
10,884
Total equity
(11,651)
10,885
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
SKILTON SKIPS LTD (REGISTERED NUMBER: 08928871)
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2023
31 March 2023
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 25 March 2024 and are signed on its behalf by:
Mr V Penfold
Director
SKILTON SKIPS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
- 3 -
1
Accounting policies
Company information
Skilton Skips Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 2nd Floor (Right) Downe House, 303 High Street, Orpington, Kent, England, BR6 0NN.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3
Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.
1.4
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and machinery
10% on reducing balance
Computer equipment
25% on reducing balance
Motor vehicles
25% on reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.5
Taxation
The tax expense represents the tax currently payable.
SKILTON SKIPS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 4 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
3
2
3
Tangible fixed assets
Plant and machinery
Computer equipment
Motor vehicles
Total
£
£
£
£
Cost
At 1 April 2022 and 31 March 2023
225,325
836
37,630
263,791
Depreciation and impairment
At 1 April 2022
54,610
836
18,981
74,427
Depreciation charged in the year
17,072
4,662
21,734
At 31 March 2023
71,682
836
23,643
96,161
Carrying amount
At 31 March 2023
153,643
13,987
167,630
At 31 March 2022
170,715
18,649
189,364
4
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
3,416
14,117
Taxation and social security
362
Other creditors
154,864
144,032
158,642
158,149
5
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
23,876
24,897