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Registration number: SC742632

Skamper Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2024

 

Skamper Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Skamper Ltd

Company Information

Directors

Mr Stephen John Ross

Mr Robert Huw Savin

Registered office

5/12 Donaldson Crescent
Edinburgh
EH12 5FB

Accountants

Beckett Rawcliffe Limited
Unit 17, Beckett House
Sovereign Court
Wyrefields
Poulton Le Fylde
Lancashire
FY6 8JX

 

Skamper Ltd

(Registration number: SC742632)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

267,630

-

Tangible assets

5

1,280

-

 

268,910

-

Current assets

 

Debtors

6

4,676

153,352

Cash at bank and in hand

 

6,409

1,808

 

11,085

155,160

Creditors: Amounts falling due within one year

7

(311,753)

(155,060)

Net current (liabilities)/assets

 

(300,668)

100

Net (liabilities)/assets

 

(31,758)

100

Capital and reserves

 

Called up share capital

8

1,000

100

Retained earnings

(32,758)

-

Shareholders' (deficit)/funds

 

(31,758)

100

For the financial year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 18 December 2024 and signed on its behalf by:
 

.........................................
Mr Stephen John Ross
Director

   
     
 

Skamper Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
5/12 Donaldson Crescent
Edinburgh
EH12 5FB

These financial statements were authorised for issue by the Board on 18 December 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office Equipment

25% on written down value

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Software development

Straight line over 10 years

 

Skamper Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Skamper Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

4

Intangible assets

Internally generated software development costs
 £

Total
£

Cost or valuation

Additions acquired separately

267,630

267,630

At 31 August 2024

267,630

267,630

Amortisation

Carrying amount

At 31 August 2024

267,630

267,630

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

1,707

1,707

At 31 August 2024

1,707

1,707

Depreciation

Charge for the year

427

427

At 31 August 2024

427

427

Carrying amount

At 31 August 2024

1,280

1,280

6

Debtors

Current

2024
£

2023
£

Prepayments

-

138,011

Other debtors

4,676

15,341

 

4,676

153,352

7

Creditors

Creditors: amounts falling due within one year

 

Skamper Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Note

2024
£

2023
£

Due within one year

 

Amounts owed to group undertakings and undertakings in which the company has a participating interest

9

283,000

-

Accruals and deferred income

 

600

1,907

Other creditors

 

28,153

153,153

 

311,753

155,060

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £0.01 each

100,000

1,000

10,000

100

       

9

Related party transactions

 

Skamper Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Directors' remuneration

The directors' remuneration for the year was as follows:

2024
£

2023
£

Remuneration

14,265

-

Summary of transactions with parent

Teamhold Ltd
 Inter Company Loan Accounts
 

Loans from related parties

2024

Parent
£

Total
£

Advanced

283,000

283,000

At end of period

283,000

283,000

10

Parent and ultimate parent undertaking

The ultimate controlling party is Stephen John Ross.