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COMPANY REGISTRATION NUMBER: 07592119
Skiz Limited
Filleted Unaudited Financial Statements
31 March 2024
Skiz Limited
Financial Statements
Year ended 31 March 2024
Contents
Page
Officers and professional advisers
1
Statement of financial position
2
Notes to the financial statements
3
Skiz Limited
Officers and Professional Advisers
Director
Mr I Ali
Registered office
6 Appleton Street
Cheetham Hill
Manchester
M8 0BT
Accountants
Intelligent Enterprise Business Services Group
37 Crowshaw Drive
Rochdale
OL12 0SR
Company number 07592119
Skiz Limited
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
£
Creditors: amounts falling due within one year
5
17,684
17,442
--------
--------
Net current liabilities
17,684
17,442
--------
--------
Total assets less current liabilities
( 17,684)
( 17,442)
--------
--------
Net liabilities
( 17,684)
( 17,442)
--------
--------
Capital and reserves
Called up share capital
2
2
Profit and loss account
( 17,686)
( 17,444)
--------
--------
Shareholder deficit
( 17,684)
( 17,442)
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 2 December 2024 , and are signed on behalf of the board by:
Mr I Ali
Director
Company registration number: 07592119
Skiz Limited
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 6 Appleton Street, Cheetham Hill, Manchester, M8 0BT.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The company is being financially supported by the director. The loan provided by the director would not be called back in the foreseeable future, therefore the director considers it appropriate to prepare the financial statements on the going concern basis.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover represents net invoiced sales of services, excluding value added tax.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2023: 4 ).
5. Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
17,684
17,442
--------
--------
6. Director transactions
At 31 March 2024, the company owed £16,664 (31 March 2023: £16,392) to the director of the company. The amounts are interest free and repayable on demand.