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Company registration number: 12372066
Skidee Crew Ltd
Unaudited filleted financial statements
31 December 2023
Skidee Crew Ltd
Contents
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Skidee Crew Ltd
Statement of financial position
31 December 2023
2023 2022
Note £ £ £ £
Fixed assets
Tangible assets 5 654 770
_______ _______
654 770
Current assets
Debtors 6 12,049 4,280
Cash at bank and in hand 33,353 42,523
_______ _______
45,402 46,803
Creditors: amounts falling due
within one year 7 ( 36,946) ( 31,686)
_______ _______
Net current assets 8,456 15,117
_______ _______
Total assets less current liabilities 9,110 15,887
Provisions for liabilities ( 124) ( 146)
_______ _______
Net assets 8,986 15,741
_______ _______
Capital and reserves
Called up share capital 1 1
Profit and loss account 8,985 15,740
_______ _______
Shareholder funds 8,986 15,741
_______ _______
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 11 April 2024 , and are signed on behalf of the board by:
Mr George Paul Glowdansky
Director
Company registration number: 12372066
Skidee Crew Ltd
Statement of changes in equity
Year ended 31 December 2023
Called up share capital Profit and loss account Total
£ £ £
At 1 January 2022 - 5,747 5,747
Profit for the year 49,493 49,493
_______ _______ _______
Total comprehensive income for the year - 49,493 49,493
Issue of shares 1 1
Dividends paid and payable ( 39,500) ( 39,500)
_______ _______ _______
Total investments by and distributions to owners 1 ( 39,500) ( 39,499)
_______ _______ _______
At 31 December 2022 and 1 January 2023 1 15,740 15,741
Profit for the year 30,245 30,245
_______ _______ _______
Total comprehensive income for the year - 30,245 30,245
Dividends paid and payable ( 37,000) ( 37,000)
_______ _______ _______
Total investments by and distributions to owners - ( 37,000) ( 37,000)
_______ _______ _______
At 31 December 2023 1 8,985 8,986
_______ _______ _______
Skidee Crew Ltd
Notes to the financial statements
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 7 Cross Flatts Crescent, Salterforth, Barnoldswick, Lancashire, BB18 5UA.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for the services rendered, net of discounts and Value Added Tax.Revenue from the provision of services is recognised in the period in which the services are provided when all of the following conditions are satisfied; the amount of revenue can be measured reliably; it is probable that the economic benefits associated with the transaction will flow to the entity; the stage of completion of the transaction at the end of the reporting period can be measured reliably and the costs incurred and costs to complete the transaction can be measured reliably.
Taxation
Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.Tax deferred or accelerated is accounted for in respect of all material timing differences, in particular accelerated capital allowances and revaluation gains on investment properties. All deferred tax is charged/(credited) to the Statement of Income and Retained Earnings.
Tangible assets
Tangible assets are initially recorded at cost, and is subsequently stated at cost less any accumulated depreciation and any accumulated impairment losses.Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 15 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Provisions
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in a settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.
Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans and directors' loans.Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method. Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
5. Tangible assets
Plant and machinery Total
£ £
Cost
At 1 January 2023 and 31 December 2023 873 873
_______ _______
Depreciation
At 1 January 2023 103 103
Charge for the year 116 116
_______ _______
At 31 December 2023 219 219
_______ _______
Carrying amount
At 31 December 2023 654 654
_______ _______
At 31 December 2022 770 770
_______ _______
6. Debtors
2023 2022
£ £
Trade debtors 11,928 4,280
Other debtors 121 -
_______ _______
12,049 4,280
_______ _______
7. Creditors: amounts falling due within one year
2023 2022
£ £
Corporation tax 7,116 11,592
Social security and other taxes 5,877 -
Other creditors 23,953 20,094
_______ _______
36,946 31,686
_______ _______