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REGISTERED NUMBER: 06247284 (England and Wales)






















Skeltons and Co Limited

Unaudited Financial Statements for the Year Ended 31st December 2023






Skeltons and Co Limited (Registered number: 06247284)






Contents of the Financial Statements
for the year ended 31st December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Skeltons and Co Limited

Company Information
for the year ended 31st December 2023







DIRECTORS: R J Skelton
P M Skelton





SECRETARY: P M Skelton





REGISTERED OFFICE: 4a The Square
Hessle
East Yorkshire
HU13 0AA





REGISTERED NUMBER: 06247284 (England and Wales)





ACCOUNTANTS: Smailes Goldie
Chartered Accountants
Regent's Court
Princess Street
Hull
East Yorkshire
HU2 8BA

Skeltons and Co Limited (Registered number: 06247284)

Balance Sheet
31st December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 132,839 145,063

CURRENT ASSETS
Stocks 30,760 26,382
Debtors 6 3,360 3,735
Cash at bank and in hand 9,856 10,811
43,976 40,928
CREDITORS
Amounts falling due within one year 7 36,649 28,911
NET CURRENT ASSETS 7,327 12,017
TOTAL ASSETS LESS CURRENT
LIABILITIES

140,166

157,080

CREDITORS
Amounts falling due after more than one
year

8

103,798

113,155
NET ASSETS 36,368 43,925

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 36,268 43,825
SHAREHOLDERS' FUNDS 36,368 43,925

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 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.

Skeltons and Co Limited (Registered number: 06247284)

Balance Sheet - continued
31st December 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17th September 2024 and were signed on its behalf by:





R J Skelton - Director


Skeltons and Co Limited (Registered number: 06247284)

Notes to the Financial Statements
for the year ended 31st December 2023

1. STATUTORY INFORMATION

Skeltons and Co Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

The rates generally applicable are:

Plant and Machinery10% per annum on cost
Computer Equipment10% per annum on cost
Fixtures and Fittings10% per annum on cost
Property4% per annum on cost

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the assets is carried at a revalued amount where the impairment loss is a revaluation decrease.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


Skeltons and Co Limited (Registered number: 06247284)

Notes to the Financial Statements - continued
for the year ended 31st December 2023

3. ACCOUNTING POLICIES - continued
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 year 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 11 ) .

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st January 2023
and 31st December 2023 305,591 70,515 376,106
DEPRECIATION
At 1st January 2023 160,528 70,515 231,043
Charge for year 12,224 - 12,224
At 31st December 2023 172,752 70,515 243,267
NET BOOK VALUE
At 31st December 2023 132,839 - 132,839
At 31st December 2022 145,063 - 145,063

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 126
Other debtors 3,360 3,609
3,360 3,735

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 20,251 14,006
Taxation and social security 4,487 6,701
Other creditors 11,911 8,204
36,649 28,911

Skeltons and Co Limited (Registered number: 06247284)

Notes to the Financial Statements - continued
for the year ended 31st December 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 103,798 113,155

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary Share Capital £1 100 100

10. RELATED PARTY DISCLOSURES

Included within other creditors are loans from the directors as follows

2023 2022
£ £

R J Skelton 54,474 59,148
P M Skelton 49,324 54,008
103,798 113,155