Registered number
11912537
Skulls & Souls Ltd
Filleted Accounts
31 March 2024
Skulls & Souls Ltd
Registered number: 11912537
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,921 2,401
Current assets
Cash at bank and in hand 53,534 50,822
Creditors: amounts falling due within one year 4 (2,373) (3,933)
Net current assets 51,161 46,889
Net assets 53,082 49,290
Capital and reserves
Called up share capital 200 200
Profit and loss account 52,882 49,090
Shareholders' funds 53,082 49,290
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.
Sharon Manning
Director
Approved by the board on 5 August 2024
Skulls & Souls Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant and machinery 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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 4,107
At 31 March 2024 4,107
Depreciation
At 1 April 2023 1,706
Charge for the year 480
At 31 March 2024 2,186
Net book value
At 31 March 2024 1,921
At 31 March 2023 2,401
4 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 1,779 1,526
Other creditors 594 2,407
2,373 3,933
5 Other information
Skulls & Souls Ltd is a private company limited by shares and incorporated in England. Its registered office is:
128 City Road
London
UK
EC1V 2NX
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