Company Registration No. 09371696 (England and Wales)
Skayedzan Limited
Unaudited accounts
for the year ended 31 January 2024
Skayedzan Limited
Unaudited accounts
Contents
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
Skayedzan Limited
Statement of financial position
as at 31 January 2024
Debtors
1,002,253
1,071,059
Cash at bank and in hand
1,333,444
597,080
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
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
Skayedzan Limited
Notes to the Accounts
for the year ended 31 January 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
Expenditure on research and development is written off in the year in which it is incurred.
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 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
Skayedzan Limited
Notes to the Accounts
for the year ended 31 January 2024
4
Tangible fixed assets
Computer equipment
5
Investments
Other investments
Valuation at 1 February 2023
50,000
Valuation at 31 January 2024
50,000
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
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
60,677
60,201
Trade creditors
407,810
394,937
Taxes and social security
76,125
-
Loans from directors
26,370
113,334
8
Creditors: amounts falling due after more than one year
2024
2023
9
Average number of employees
During the year the average number of employees was 4 (2023: 4).