Company Registration No. 04944463 (England and Wales)
Sky D.I.Y. Supercentre Limited
Unaudited accounts
for the year ended 31 December 2023
Sky D.I.Y. Supercentre Limited
Unaudited accounts
Contents
Sky D.I.Y. Supercentre Limited
Company Information
for the year ended 31 December 2023
Directors
Mr S Ali
Mr A Ali
Company Number
04944463 (England and Wales)
Registered Office
7A Battinson Road
Halifax
West Yorkshire
HX1 5PR
Accountants
Greenfield Accountants Limited
Preston House
Preston Street
Bradford
West Yorkshire
BD7 1JE
Sky D.I.Y. Supercentre Limited
Statement of financial position
as at 31 December 2023
Tangible assets
117,181
118,723
Inventories
340,850
325,750
Cash at bank and in hand
61,741
113,706
Creditors: amounts falling due within one year
(280,101)
(369,011)
Net current assets
122,490
70,445
Total assets less current liabilities
239,671
189,168
Provisions for liabilities
Deferred tax
(7,418)
(7,418)
Net assets
232,253
181,750
Called up share capital
6
6
Share premium
19,998
19,998
Profit and loss account
212,249
161,746
Shareholders' funds
232,253
181,750
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 5 February 2024 and were signed on its behalf by
Mr S Ali
Director
Company Registration No. 04944463
Sky D.I.Y. Supercentre Limited
Notes to the Accounts
for the year ended 31 December 2023
Sky D.I.Y. Supercentre Limited is a private company, limited by shares, registered in England and Wales, registration number 04944463. The registered office is 7A Battinson Road, Halifax, West Yorkshire, HX1 5PR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Not provided
Plant & machinery
25% reducing balance method
Motor vehicles
25% reducing balance method
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Sky D.I.Y. Supercentre Limited
Notes to the Accounts
for the year ended 31 December 2023
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2023
79,679
18,312
117,550
215,541
Additions
-
-
13,000
13,000
Disposals
-
(6,023)
(28,650)
(34,673)
At 31 December 2023
79,679
12,289
101,900
193,868
At 1 January 2023
-
14,712
82,106
96,818
Charge for the year
-
850
11,650
12,500
On disposals
-
(5,822)
(26,809)
(32,631)
At 31 December 2023
-
9,740
66,947
76,687
At 31 December 2023
79,679
2,549
34,953
117,181
At 31 December 2022
79,679
3,600
35,444
118,723
5
Creditors: amounts falling due within one year
2023
2022
Trade creditors
209,226
334,612
Taxes and social security
34,416
20,361
Loans from directors
16,827
1,953
Allotted, called up and fully paid:
4 Ordinary shares of £1 each
4
4
2 A Ordinary shares of £1 each
2
2
7
Average number of employees
During the year the average number of employees was 12 (2022: 14).