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REGISTERED NUMBER: 11203086 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Skerrett Construction Limited

Skerrett Construction Limited (Registered number: 11203086)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Skerrett Construction Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: K Skerrett
A Skerrett





REGISTERED OFFICE: 24a Marsh Street
Rothwell
Leeds
West Yorkshire
LS26 0BB





REGISTERED NUMBER: 11203086 (England and Wales)





ACCOUNTANTS: Hope Agar
Chartered Accountants
24a Marsh Street
Rothwell
Leeds
LS26 0BB

Skerrett Construction Limited (Registered number: 11203086)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 31,752 31,752

CURRENT ASSETS
Debtors 5 18,410 23,884
Cash at bank and in hand 1,763 10,601
20,173 34,485
CREDITORS
Amounts falling due within one year 6 27,379 42,611
NET CURRENT LIABILITIES (7,206 ) (8,126 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,546

23,626

CREDITORS
Amounts falling due after more than one
year

7

17,892

21,600
NET ASSETS 6,654 2,026

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 6,554 1,926
6,654 2,026

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Skerrett Construction Limited (Registered number: 11203086)

Balance Sheet - continued
31 March 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 November 2024 and were signed on its behalf by:




K Skerrett - Director



A Skerrett - Director


Skerrett Construction Limited (Registered number: 11203086)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Skerrett Construction 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance

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

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Skerrett Construction Limited (Registered number: 11203086)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 58,111
DEPRECIATION
At 1 April 2023
and 31 March 2024 26,359
NET BOOK VALUE
At 31 March 2024 31,752
At 31 March 2023 31,752

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2023 58,111
Transfer to ownership (45,913 )
At 31 March 2024 12,198
DEPRECIATION
At 1 April 2023 26,358
Transfer to ownership (23,308 )
At 31 March 2024 3,050
NET BOOK VALUE
At 31 March 2024 9,148
At 31 March 2023 31,753

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 18,410 23,884

Skerrett Construction Limited (Registered number: 11203086)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 2,470 8,000
Hire purchase contracts 2,572 16,517
Trade creditors 1,317 2,750
Taxation and social security 14,324 13,843
Other creditors 6,696 1,501
27,379 42,611

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 16,197 17,333
Hire purchase contracts 1,695 4,267
17,892 21,600

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
A Skerrett
Balance outstanding at start of year - 7,532
Amounts repaid - (7,532 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

K Skerrett
Balance outstanding at start of year - 6,433
Amounts repaid - (6,433 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

9. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.