Registered number
14606578
Skapur Ltd
Filleted Accounts
31 January 2024
Skapur Ltd
Registered number: 14606578
Balance Sheet
as at 31 January 2024
Notes 2024
£
Fixed assets
Tangible assets 3 1,304
Current assets
Stocks 700
Debtors 4 2,017
Cash at bank and in hand 1,769
4,486
Creditors: amounts falling due within one year 5 (6,565)
Net current liabilities (2,079)
Total assets less current liabilities (775)
Provisions for liabilities (248)
Net liabilities (1,023)
Capital and reserves
Called up share capital 1
Profit and loss account (1,024)
Shareholder's funds (1,023)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr R Loten
Director
Approved by the board on 27 September 2024
Skapur Ltd
Notes to the Accounts
for the period from 20 January 2023 to 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024
Number
Average number of persons employed by the company 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
Additions 1,630
At 31 January 2024 1,630
Depreciation
Charge for the period 326
At 31 January 2024 326
Net book value
At 31 January 2024 1,304
4 Debtors 2024
£
Other debtors 2,017
5 Creditors: amounts falling due within one year 2024
£
Other creditors 6,565
6 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Mr Robin Loten - appointed on 20 January 2023
[Loan 1] - 9,220 (9,149) 71
- 9,220 (9,149) 71
7 Related party transactions
Included within other debtors is the amount of £71 owed by the director. This amount is undated, unsecured and repayable upon demand.
8 Controlling party
The controlling party is Mr R Loten, as the director and shareholder.
9 Other information
Skapur Ltd is a private company limited by shares and incorporated in England. Its registered office is:
1 The Briars
Waterberry Drive
Waterlooville
Hampshire
PO7 7YH
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