PTP Accounts Production v23.1.5.20 08265379 Board of Directors 1.4.22 31.3.23 31.3.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh082653792022-03-31082653792023-03-31082653792022-04-012023-03-31082653792021-03-31082653792021-04-012022-03-31082653792022-03-3108265379ns15:EnglandWales2022-04-012023-03-3108265379ns14:PoundSterling2022-04-012023-03-3108265379ns10:Director12022-04-012023-03-3108265379ns10:PrivateLimitedCompanyLtd2022-04-012023-03-3108265379ns10:SmallEntities2022-04-012023-03-3108265379ns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3108265379ns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3108265379ns10:SmallCompaniesRegimeForAccounts2022-04-012023-03-3108265379ns10:AbridgedAccounts2022-04-012023-03-3108265379ns10:Director22022-04-012023-03-3108265379ns10:RegisteredOffice2022-04-012023-03-3108265379ns5:CurrentFinancialInstruments2023-03-3108265379ns5:CurrentFinancialInstruments2022-03-3108265379ns5:ShareCapital2023-03-3108265379ns5:ShareCapital2022-03-3108265379ns5:RetainedEarningsAccumulatedLosses2023-03-3108265379ns5:RetainedEarningsAccumulatedLosses2022-03-3108265379ns5:PlantMachinery2022-04-012023-03-31
REGISTERED NUMBER: 08265379 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Skippy's Roof Racks Limited

Skippy's Roof Racks Limited (Registered number: 08265379)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Skippy's Roof Racks Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: S Fulcher
Mrs A Fucher





REGISTERED OFFICE: Units 3 and 4
Tuddenham Hall
Tuddenham
Ipswich
Suffolk
IP6 9DD





REGISTERED NUMBER: 08265379 (England and Wales)





ACCOUNTANTS: ALS Accountancy Services
Rivendell
Church Road
Battisford
Stowmarket
Suffolk
IP14 2HE

Skippy's Roof Racks Limited (Registered number: 08265379)

Abridged Statement of Financial Position
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 45,417 47,524

CURRENT ASSETS
Stocks 40,390 37,979
Debtors 26,845 9,459
Cash at bank 319,183 276,602
386,418 324,040
CREDITORS
Amounts falling due within one year 49,200 55,675
NET CURRENT ASSETS 337,218 268,365
TOTAL ASSETS LESS CURRENT
LIABILITIES

382,635

315,889

PROVISIONS FOR LIABILITIES 6,545 6,945
NET ASSETS 376,090 308,944

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 375,990 308,844
SHAREHOLDERS' FUNDS 376,090 308,944

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

Skippy's Roof Racks Limited (Registered number: 08265379)

Abridged Statement of Financial Position - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 and authorised for issue on 14 September 2023 and were signed on its behalf by:





S Fulcher - Director


Skippy's Roof Racks Limited (Registered number: 08265379)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Skippy's Roof Racks Limited 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 10% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

Skippy's Roof Racks Limited (Registered number: 08265379)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022 114,295
Additions 3,781
At 31 March 2023 118,076
DEPRECIATION
At 1 April 2022 66,771
Charge for year 5,888
At 31 March 2023 72,659
NET BOOK VALUE
At 31 March 2023 45,417
At 31 March 2022 47,524