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REGISTERED NUMBER: 09726680 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Skamat UK Limited

Skamat UK Limited (Registered number: 09726680)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 6

Skamat UK Limited

Company Information
for the Year Ended 30 June 2023







DIRECTOR: S S Kamat





REGISTERED OFFICE: Pavior Lodge
Coldharbour Road
Northfleet
Gravesend
DA11 8AF





REGISTERED NUMBER: 09726680 (England and Wales)





ACCOUNTANTS: Nielsens
Chartered Accountants
The Gatehouse
453 Cranbrook Road
Ilford
Essex
IG2 6EW

Skamat UK Limited (Registered number: 09726680)

Abridged Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,403 10,275

CURRENT ASSETS
Debtors 107,862 89,205
Cash at bank 48,261 19,181
156,123 108,386
CREDITORS
Amounts falling due within one year 42,787 19,179
NET CURRENT ASSETS 113,336 89,207
TOTAL ASSETS LESS CURRENT
LIABILITIES

125,739

99,482

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 125,639 99,382
SHAREHOLDERS' FUNDS 125,739 99,482

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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

Skamat UK Limited (Registered number: 09726680)

Abridged Balance Sheet - continued
30 June 2023



The financial statements were approved by the director and authorised for issue on 27 March 2024 and were signed by:





S S Kamat - Director


Skamat UK Limited (Registered number: 09726680)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Skamat UK 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.
Fixtures, fittings & equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 2 (2022 - 1 ) .

Skamat UK Limited (Registered number: 09726680)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2022 13,535
Additions 6,262
At 30 June 2023 19,797
DEPRECIATION
At 1 July 2022 3,260
Charge for year 4,134
At 30 June 2023 7,394
NET BOOK VALUE
At 30 June 2023 12,403
At 30 June 2022 10,275

5. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2023 and 30 June 2022:

30.6.23 30.6.22
£    £   
S S Kamat
Balance outstanding at start of year - 123,604
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Directors advances of £123,604 are unsecured, payable on demand and bear interest at 2.75% p.a. They were repaid on 31/03/2022.

6. RELATED PARTY DISCLOSURES

The ultimate controlling party is S S Kamat.

The company derives its income from a company in which the director is a joint shareholder.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Skamat UK Limited

The following reproduces the text of the report prepared for the director 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 Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director 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 Skamat UK Limited for the year ended 30 June 2023 which comprise the Statement of Income and Retained Earnings, Abridged Balance Sheet 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 director of Skamat UK Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Skamat UK Limited and state those matters that we have agreed to state to the director of Skamat UK Limited 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 Skamat UK Limited and its director for our work or for this report.

It is your duty to ensure that Skamat UK Limited 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 Skamat UK Limited. You consider that Skamat UK Limited 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 Skamat UK Limited. 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.






Nielsens
Chartered Accountants
The Gatehouse
453 Cranbrook Road
Ilford
Essex
IG2 6EW


27 March 2024