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Company Registration No. 13422036 (England and Wales)
SKAD ASSETS LTD Unaudited accounts for the year ended 31 May 2024
SKAD ASSETS LTD Unaudited accounts Contents
Page
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SKAD ASSETS LTD Company Information for the year ended 31 May 2024
Director
Shelly Dugala
Company Number
13422036 (England and Wales)
Registered Office
120 HAG HILL RISE MAIDENHEAD SL6 0LS UNITED KINGDOM
Accountants
Smooth Feathers Accountants 268 Bath Road Slough SL1 4DX
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SKAD ASSETS LTD Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
963,446 
625,850 
Current assets
Cash at bank and in hand
1,641 
49,986 
Net current assets
1,641 
49,986 
Total assets less current liabilities
965,087 
675,836 
Creditors: amounts falling due after more than one year
(1,012,380)
(718,533)
Net liabilities
(47,293)
(42,697)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(47,294)
(42,698)
Shareholders' funds
(47,293)
(42,697)
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 4 February 2025 and were signed on its behalf by
Shelly Dugala Director Company Registration No. 13422036
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SKAD ASSETS LTD Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
SKAD ASSETS LTD is a private company, limited by shares, registered in England and Wales, registration number 13422036. The registered office is 120 HAG HILL RISE, MAIDENHEAD, SL6 0LS, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
0
4
Tangible fixed assets
Land & buildings 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2023
621,100 
4,750 
625,850 
Additions
338,546 
- 
338,546 
At 31 May 2024
959,646 
4,750 
964,396 
Depreciation
Charge for the year
- 
950 
950 
At 31 May 2024
- 
950 
950 
Net book value
At 31 May 2024
959,646 
3,800 
963,446 
At 31 May 2023
621,100 
4,750 
625,850 
5
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
675,310 
454,760 
Loans from directors
337,070 
263,773 
1,012,380 
718,533 
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SKAD ASSETS LTD Notes to the Accounts for the year ended 31 May 2024
6
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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