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REGISTERED NUMBER: 04428308 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Skafftec Limited

Skafftec Limited (Registered number: 04428308)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Skafftec Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: S P Ross
T A White
G P L Ross





REGISTERED OFFICE: 67 Westow Street
Upper Norwood
London
SE19 3RW





REGISTERED NUMBER: 04428308 (England and Wales)





ACCOUNTANTS: Thornton Springer LLP
Chartered Accountants
67 Westow Street
London
SE19 3RW

Skafftec Limited (Registered number: 04428308)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 9,989 13,319

CURRENT ASSETS
Stocks 209,570 173,472
Debtors 6 1,789,581 1,444,990
Cash at bank 2,070,902 2,092,162
4,070,053 3,710,624
CREDITORS
Amounts falling due within one year 7 1,168,614 1,028,013
NET CURRENT ASSETS 2,901,439 2,682,611
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,911,428

2,695,930

CREDITORS
Amounts falling due after more than one
year

8

9,899

20,157
NET ASSETS 2,901,529 2,675,773

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 9 2,901,429 2,675,673
SHAREHOLDERS' FUNDS 2,901,529 2,675,773

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

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

Skafftec Limited (Registered number: 04428308)

Balance Sheet - continued
31 July 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 November 2024 and were signed on its behalf by:





S P Ross - Director


Skafftec Limited (Registered number: 04428308)

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

1. STATUTORY INFORMATION

Skafftec 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.
Plant and machinery etc - 25% on reducing balance

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

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.

Hire purchase and leasing commitments
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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 13 ) .

Skafftec Limited (Registered number: 04428308)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023
and 31 July 2024 208,885
DEPRECIATION
At 1 August 2023 195,566
Charge for year 3,330
At 31 July 2024 198,896
NET BOOK VALUE
At 31 July 2024 9,989
At 31 July 2023 13,319

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 489,858 332,567
Other debtors 1,299,723 1,112,423
1,789,581 1,444,990

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 10,012 9,767
Hire purchase contracts - 1,472
Trade creditors 715,351 640,646
Taxation and social security 285,877 327,886
Other creditors 157,374 48,242
1,168,614 1,028,013

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans 9,899 20,157

Skafftec Limited (Registered number: 04428308)

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

9. RESERVES
Retained
earnings
£   

At 1 August 2023 2,675,673
Profit for the year 361,756
Dividends (136,000 )
At 31 July 2024 2,901,429

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £68,000 (2023 - £173,000) were paid to the directors .