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Company Registration No. 08830973 (England and Wales)
SKCULL Asset Services Limited Unaudited accounts for the year ended 31 January 2024
SKCULL Asset Services Limited Unaudited accounts Contents
Page
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SKCULL Asset Services Limited Company Information for the year ended 31 January 2024
Director
Stephen Kevin Cull
Company Number
08830973 (England and Wales)
Registered Office
40 Surrey Place Bletchley Milton Keynes MK3 7HH
Accountants
IAB Accountants Limited 200 Selbourne Road Luton Bedfordshire LU4 8LT
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of SKCULL Asset Services Limited for the year ended 31 January 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of SKCULL Asset Services Limited for the year ended 31 January 2024 as set out on pages 5 - 7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of SKCULL Asset Services Limited, as a body, in accordance with the terms of our engagement letter dated 31 December 2020. Our work has been undertaken solely to prepare for your approval the accounts of SKCULL Asset Services Limited and state those matters that we have agreed to state to the Board of Directors of SKCULL Asset Services Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SKCULL Asset Services Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that SKCULL Asset Services Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of SKCULL Asset Services Limited. You consider that SKCULL Asset Services Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of SKCULL Asset Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
IAB Accountants Limited Chartered Certified Accountants 200 Selbourne Road Luton Bedfordshire LU4 8LT 17 October 2024
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SKCULL Asset Services Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Debtors
6,227 
9,424 
Cash at bank and in hand
3,083 
185 
9,310 
9,609 
Creditors: amounts falling due within one year
(4,813)
(3,444)
Net current assets
4,497 
6,165 
Total assets less current liabilities
4,497 
6,165 
Creditors: amounts falling due after more than one year
(4,495)
(6,145)
Net assets
2 
20 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
- 
18 
Shareholders' funds
2 
20 
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 director acknowledges his 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 and authorised for issue on 17 October 2024 and were signed on its behalf by
Stephen Kevin Cull Director Company Registration No. 08830973
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SKCULL Asset Services Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
SKCULL Asset Services Limited is a private company, limited by shares, registered in England and Wales, registration number 08830973. The registered office is 40 Surrey Place, Bletchley, Milton Keynes, MK3 7HH.
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 in accordance with the provisions of Section 1A ''Small Entities'' of Financial Reporting Standard 102 '' The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006. The accounts have been prepared under the historical cost convention.
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.
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. Deferred tax assets and liabilities are not discounted.
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
2,855 
Other debtors
6,227 
6,569 
6,227 
9,424 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
4,722 
3,444 
Other creditors
91 
- 
4,813 
3,444 
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SKCULL Asset Services Limited Notes to the Accounts for the year ended 31 January 2024
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
4,495 
6,145 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
8
Transactions with related parties
The company was under the control of the director throughout the current year. Included in other debtors is an amount of £6,227 (2023: £6,569) due from the director. During the year the company paid dividend to the director to the value of £21,592 (2023: £16,120).
9
Controlling party
The ultimate controlling party is Stephen Kevin Cull.
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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