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REGISTERED NUMBER: 03911193 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

SKELCHER EXPRESS LIMITED

SKELCHER EXPRESS LIMITED (REGISTERED NUMBER: 03911193)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


SKELCHER EXPRESS LIMITED

COMPANY INFORMATION
for the year ended 31 March 2024







DIRECTORS: R G Skelcher
Miss R Flinn



REGISTERED OFFICE: Unit 4c
Westfield Road
Kineton Road Ind Estate
Southam
Warwickshire
CV47 0JH



REGISTERED NUMBER: 03911193 (England and Wales)



BANKERS: HSBC
126 The Parade
Leamington Spa
Warwickshire
CV32 4AJ

SKELCHER EXPRESS LIMITED (REGISTERED NUMBER: 03911193)

ABRIDGED BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 474,200 288,366

CURRENT ASSETS
Debtors 308,617 252,710
Cash at bank and in hand 381,253 424,070
689,870 676,780
CREDITORS
Amounts falling due within one year 300,178 253,494
NET CURRENT ASSETS 389,692 423,286
TOTAL ASSETS LESS CURRENT
LIABILITIES

863,892

711,652

CREDITORS
Amounts falling due after more than one year (112,512 ) (64,746 )

PROVISIONS FOR LIABILITIES (118,567 ) (72,092 )
NET ASSETS 632,813 574,814

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 632,811 574,812
SHAREHOLDERS' FUNDS 632,813 574,814

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.

SKELCHER EXPRESS LIMITED (REGISTERED NUMBER: 03911193)

ABRIDGED 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 1 November 2024 and were signed on its behalf by:





R G Skelcher - Director


SKELCHER EXPRESS LIMITED (REGISTERED NUMBER: 03911193)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Skelcher Express 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements 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 financial statements are presented in sterling which is the functional currency of the company and is rounded to the nearest £1.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover comprises the value of sales (excluding value added tax) of goods and services provided in the normal course of business.

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.
Improvements to properties - 10% on reducing balance
Plant and machinery - 20% on reducing balance
Office equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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.


SKELCHER EXPRESS LIMITED (REGISTERED NUMBER: 03911193)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued
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.

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 17 (2023 - 15 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 995,702
Additions 291,126
Disposals (95,575 )
At 31 March 2024 1,191,253
DEPRECIATION
At 1 April 2023 707,336
Charge for year 96,551
Eliminated on disposal (86,834 )
At 31 March 2024 717,053
NET BOOK VALUE
At 31 March 2024 474,200
At 31 March 2023 288,366

SKELCHER EXPRESS LIMITED (REGISTERED NUMBER: 03911193)

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:

Totals
£   
COST
At 1 April 2023 371,473
Additions 229,335
At 31 March 2024 600,808
DEPRECIATION
At 1 April 2023 187,029
Charge for year 60,445
At 31 March 2024 247,474
NET BOOK VALUE
At 31 March 2024 353,334
At 31 March 2023 184,444

5. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 86,510 55,097
Between one and five years 112,512 64,746
199,022 119,843

Non-cancellable operating leases
2024 2023
£    £   
Within one year 4,200 5,040
Between one and five years - 4,200
4,200 9,240

SKELCHER EXPRESS LIMITED (REGISTERED NUMBER: 03911193)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

6. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 199,022 119,843

Net obligations under finance lease and hire purchase contracts are secured by fixed charges on the assets concerned.

7. PENSION COMMITMENTS

The company operates a defined contribution pension scheme in respect of the director and certain employees. The scheme and its assets are held by independent managers. The pension charge represents contributions due from the company and amounted to £12,254 (2023 - £11,727). At the year-end date, the amount outstanding was £986 (2023 - £1,001).