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REGISTERED NUMBER: 08014817 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Skapandi Limited

Skapandi Limited (Registered number: 08014817)






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


Skapandi Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr D C Fullard
Mrs S E Fullard





REGISTERED OFFICE: Rowan House
7 West Bank
SCARBOROUGH
North Yorkshire
YO12 4DX





REGISTERED NUMBER: 08014817 (England and Wales)





ACCOUNTANTS: Asquith Accountants Ltd
Rowan House
7 West Bank
SCARBOROUGH
North Yorkshire
YO12 4DX

Skapandi Limited (Registered number: 08014817)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 411,917 291,961

CURRENT ASSETS
Stocks 192,942 276,545
Debtors 5 224,639 164,738
Cash at bank and in hand 163,893 249,239
581,474 690,522
CREDITORS
Amounts falling due within one year 6 217,293 219,253
NET CURRENT ASSETS 364,181 471,269
TOTAL ASSETS LESS CURRENT
LIABILITIES

776,098

763,230

CREDITORS
Amounts falling due after more than one
year

7

(240,191

)

(209,716

)

PROVISIONS FOR LIABILITIES (48,209 ) (50,203 )
NET ASSETS 487,698 503,311

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 487,598 503,211
SHAREHOLDERS' FUNDS 487,698 503,311

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.

Skapandi Limited (Registered number: 08014817)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 October 2024 and were signed on its behalf by:




Mr D C Fullard - Director



Mrs S E Fullard - Director


Skapandi Limited (Registered number: 08014817)

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

1. STATUTORY INFORMATION

Skapandi 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 - 15% on reducing balance and 7.5% on reducing balance
Motor vehicles - 15% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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

Skapandi Limited (Registered number: 08014817)

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

2. ACCOUNTING POLICIES - continued

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 529,684
Additions 172,912
At 31 March 2024 702,596
DEPRECIATION
At 1 April 2023 237,723
Charge for year 52,956
At 31 March 2024 290,679
NET BOOK VALUE
At 31 March 2024 411,917
At 31 March 2023 291,961

Skapandi Limited (Registered number: 08014817)

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

4. TANGIBLE FIXED ASSETS - continued

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 174,400
Additions 106,500
At 31 March 2024 280,900
DEPRECIATION
At 1 April 2023 92,163
Charge for year 9,906
At 31 March 2024 102,069
NET BOOK VALUE
At 31 March 2024 178,831
At 31 March 2023 82,237

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 175,030 127,218
Other debtors 49,609 37,520
224,639 164,738

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 53,002 48,511
Hire purchase contracts (see note 8) 37,856 27,046
Trade creditors 67,697 82,016
Taxation and social security 37,569 38,567
Other creditors 21,169 23,113
217,293 219,253

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 148,290 201,292
Hire purchase contracts (see note 8) 91,901 8,424
240,191 209,716

Skapandi Limited (Registered number: 08014817)

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

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.3.24 31.3.23
£    £   
Net obligations repayable:
Within one year 37,856 27,046
Between one and five years 91,901 8,424
129,757 35,470

Non-cancellable operating leases
31.3.24 31.3.23
£    £   
Within one year 20,440 14,940

9. 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
£    £   
Mr D C Fullard and Mrs S E Fullard
Balance outstanding at start of year 13,020 18,878
Amounts advanced 54,400 63,233
Amounts repaid (41,166 ) (69,091 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 26,254 13,020