Registered number
05684556
Skidmore Electrical Ltd
Abbreviated Accounts
31 January 2023
Skidmore Electrical Ltd
Registered number: 05684556
Balance Sheet
as at 31 January 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 - 407
Current assets
Debtors 4 - -
Cash at bank and in hand 9,863 9,863
9,863 9,863
Creditors: amounts falling due within one year 5 (333) (740)
Net current assets 9,530 9,123
Net assets 9,530 9,530
Capital and reserves
Share premium 1 1
Profit and loss account 9,529 9,529
Shareholders' funds 9,530 9,530
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Thomas Skidmore
Director
Approved by the board on 24 August 2023
Skidmore Electrical Ltd
Notes to the Accounts
for the year ended 31 January 2023
1 Accounting policies
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 February 2022 5,358 8,300 13,658
At 31 January 2023 - - -
Depreciation
At 1 February 2022 5,171 8,080 13,251
Charge for the year - - -
At 31 January 2023 - - -
Net book value
At 31 January 2023 - - -
At 31 January 2022 187 220 407
4 Debtors 2023 2022
£ £
Trade debtors - -
Other debtors - -
- -
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors - -
Corporation tax - -
Other creditors 333 740
333 740
6 Other information
Skidmore Electrical Ltd is a private company limited by shares and incorporated in England. Its registered office is:
277 Stockport Road
Ashton u Lyne
Lancashire
OL7 0NT
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