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REGISTERED NUMBER: 14173948 (England and Wales)













FINANCIAL STATEMENTS

FOR THE PERIOD 1 MARCH 2023 TO 31 MARCH 2024

FOR

SKILCO LTD

SKILCO LTD (REGISTERED NUMBER: 14173948)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MARCH 2023 TO 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SKILCO LTD

COMPANY INFORMATION
FOR THE PERIOD 1 MARCH 2023 TO 31 MARCH 2024







DIRECTORS: Mr TD Killer
Mr S P Killer





REGISTERED OFFICE: Dorey
Higher Westonfields
Totnes
TQ9 5RB





REGISTERED NUMBER: 14173948 (England and Wales)





ACCOUNTANTS: Marsland Nash Associates
Chartered Tax Advisers, Accountants
and Business Consultants
Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND

SKILCO LTD (REGISTERED NUMBER: 14173948)

BALANCE SHEET
31 MARCH 2024

Notes £   
CURRENT ASSETS
Debtors 4 9,426
Cash at bank 11,306
20,732
CREDITORS
Amounts falling due within one year 5 13,331
NET CURRENT ASSETS 7,401
TOTAL ASSETS LESS CURRENT LIABILITIES 7,401

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings 7,301
SHAREHOLDERS' FUNDS 7,401

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by:




Mr S P Killer - Director



Mr TD Killer - Director


SKILCO LTD (REGISTERED NUMBER: 14173948)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MARCH 2023 TO 31 MARCH 2024


1. STATUTORY INFORMATION

Skilco Ltd 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.

Taxation
Taxation for the period 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 period 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 1,048
Directors' current accounts 6,738
VAT 641
Prepayments 999
9,426

SKILCO LTD (REGISTERED NUMBER: 14173948)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MARCH 2023 TO 31 MARCH 2024


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Tax 10,433
Social security and other taxes 971
Accrued expenses 1,927
13,331

6. OTHER FINANCIAL COMMITMENTS

At 31/03/2024, the company had total commitments under non-cancellable operating leases over the remaining life of the those leases of £13,962.

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31 March 2024:

£   
Mr S P Killer
Balance outstanding at start of period -
Amounts advanced 33,016
Amounts repaid (29,695 )
Amounts written off -
Amounts waived -
Balance outstanding at end of period 3,321

Mr TD Killer
Balance outstanding at start of period -
Amounts advanced 12,733
Amounts repaid (9,316 )
Amounts written off -
Amounts waived -
Balance outstanding at end of period 3,417

8. RELATED PARTY DISCLOSURES

During the period, total dividends of £37,000 were paid to the directors .

Loans are unsecured, interest free and repayable on demand.