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Company Registration No. 09371696 (England and Wales)
Skayedzan Limited Unaudited accounts for the year ended 31 January 2024
Skayedzan Limited Unaudited accounts Contents
Page
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Skayedzan Limited Company Information for the year ended 31 January 2024
Directors
Shabana Yasmeen Mohamed Sulaiman Mohamed Nazir Hussain
Company Number
09371696 (England and Wales)
Registered Office
7 The Copse Woodside Road Abbots Langley WD5 0FR United Kingdom
Accountants
Maknas Accountants Limited 2A Grange Road Romford Essex RM3 7DU
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Skayedzan Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investments
50,000 
50,000 
Current assets
Debtors
1,002,253 
1,071,059 
Cash at bank and in hand
1,333,444 
597,080 
2,335,697 
1,668,139 
Creditors: amounts falling due within one year
(1,306,489)
(597,771)
Net current assets
1,029,208 
1,070,368 
Total assets less current liabilities
1,079,208 
1,120,368 
Creditors: amounts falling due after more than one year
(17,786)
(78,463)
Net assets
1,061,422 
1,041,905 
Capital and reserves
Called up share capital
200 
200 
Profit and loss account
1,061,222 
1,041,705 
Shareholders' funds
1,061,422 
1,041,905 
For the year ending 31 January 2024 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 12 September 2024 and were signed on its behalf by
Mohamed Sulaiman Mohamed Nazir Hussain Director Company Registration No. 09371696
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Skayedzan Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Skayedzan Limited is a private company, limited by shares, registered in England and Wales, registration number 09371696. The registered office is 7 The Copse, Woodside Road, Abbots Langley, WD5 0FR, United Kingdom.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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. 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.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
FIxed asset Investments
Fixed asset investments are stated at cost less provision for permanent diminution in value.
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:
Computer equipment
4 years Straight Line
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Skayedzan Limited Notes to the Accounts for the year ended 31 January 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 February 2023
1,449 
At 31 January 2024
1,449 
Depreciation
At 1 February 2023
1,449 
At 31 January 2024
1,449 
Net book value
At 31 January 2024
- 
5
Investments
Other investments 
£ 
Valuation at 1 February 2023
50,000 
Valuation at 31 January 2024
50,000 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
597,363 
438,460 
Accrued income and prepayments
36,225 
34,333 
Other debtors
368,665 
598,266 
1,002,253 
1,071,059 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
60,677 
60,201 
VAT
32,307 
20,491 
Trade creditors
407,810 
394,937 
Taxes and social security
76,125 
- 
Loans from directors
26,370 
113,334 
Accruals
703,200 
8,808 
1,306,489 
597,771 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
17,786 
78,463 
9
Average number of employees
During the year the average number of employees was 4 (2023: 4).
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