SKOSH (YORK) LIMITED

Company Registration Number:
08892057 (England and Wales)

Unaudited abridged accounts for the year ended 31 August 2023

Period of accounts

Start date: 31 August 2022

End date: 31 August 2023

SKOSH (YORK) LIMITED

Contents of the Financial Statements

for the Period Ended 31 August 2023

Balance sheet
Notes

SKOSH (YORK) LIMITED

Balance sheet

As at 31 August 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 88,716 80,445
Investments: 4 100 100
Total fixed assets: 88,816 80,545
Current assets
Stocks: 6,394 5,644
Debtors:   247,948 218,043
Cash at bank and in hand: 113,280 129,306
Total current assets: 367,622 352,993
Creditors: amounts falling due within one year:   (253,479) (267,159)
Net current assets (liabilities): 114,143 85,834
Total assets less current liabilities: 202,959 166,379
Creditors: amounts falling due after more than one year:   (50,221) (68,386)
Provision for liabilities: (18,486) (14,481)
Total net assets (liabilities): 134,252 83,512
Capital and reserves
Called up share capital: 200 200
Profit and loss account: 134,052 83,312
Shareholders funds: 134,252 83,512

The notes form part of these financial statements

SKOSH (YORK) LIMITED

Balance sheet statements

For the year ending 31 August 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 17 July 2024
and signed on behalf of the board by:

Name: C Bentinck
Status: Director

The notes form part of these financial statements

SKOSH (YORK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.

Tangible fixed assets and depreciation policy

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: Motor vehicles - 25% reducing balance Fixtures & fittings - 15% reducing balance Computer equipment - 25% reducing balance

Intangible fixed assets and amortisation policy

Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.

Other accounting policies

Inventories - 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 taxation - 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. Pension costs - The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.

SKOSH (YORK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

2. Employees

2023 2022
Average number of employees during the period 20 17

SKOSH (YORK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

3. Tangible Assets

Total
Cost £
At 31 August 2022 205,927
Additions 23,588
At 31 August 2023 229,515
Depreciation
At 31 August 2022 125,482
Charge for year 15,317
At 31 August 2023 140,799
Net book value
At 31 August 2023 88,716
At 30 August 2022 80,445

SKOSH (YORK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

4. Fixed investments

Investments in subsidiaries, associates and joint ventures accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. The entity has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the entity and its subsidiary undertakings comprise a small group.

SKOSH (YORK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

5. Loans to directors

At the year end was an amount owed by the directors of £107,222 (2022: £85,615) , which is interest-free and repayable on demand. This loan was subsequently repaid after the year end.