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REGISTERED NUMBER: 06944745 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

SKI ARMADILLO LIMITED

SKI ARMADILLO LIMITED (REGISTERED NUMBER: 06944745)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SKI ARMADILLO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: M P Wood
A E Grant
J P Carroll





REGISTERED OFFICE: Pavilion View
19 New Road
Brighton
East Sussex
BN1 1EY





REGISTERED NUMBER: 06944745 (England and Wales)





ACCOUNTANTS: Hartley Fowler LLP
Chartered Accountants
Pavilion View
19 New Road
Brighton
East Sussex
BN1 1EY

SKI ARMADILLO LIMITED (REGISTERED NUMBER: 06944745)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 5,550 7,400
Tangible assets 5 27,427 12,400
32,977 19,800

CURRENT ASSETS
Stocks 18,286 11,661
Debtors 6 533,836 657,762
Cash at bank and in hand 76,072 163,628
628,194 833,051
CREDITORS
Amounts falling due within one year 7 940,568 897,150
NET CURRENT LIABILITIES (312,374 ) (64,099 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(279,397

)

(44,299

)

CREDITORS
Amounts falling due after more than one
year

8

10,834

20,833
NET LIABILITIES (290,231 ) (65,132 )

CAPITAL AND RESERVES
Called up share capital 9 4,632 4,632
Share premium 220,994 220,994
Retained earnings (515,857 ) (290,758 )
SHAREHOLDERS' FUNDS (290,231 ) (65,132 )

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

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

SKI ARMADILLO LIMITED (REGISTERED NUMBER: 06944745)

BALANCE SHEET - continued
31 MAY 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 20 February 2025 and were signed on its behalf by:





J P Carroll - Director


SKI ARMADILLO LIMITED (REGISTERED NUMBER: 06944745)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

Ski Armadillo 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 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. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis as the directors believe that the company has the ability to meet its financial obligations over the next twelve months. The directors and shareholders have also confirmed their willingness to support the company.

Turnover
Revenue is measured at the fair value of the consideration received or receivable less customer refunds.

Revenue from the provision of holiday chalets and associated income is recognised on the customers arrival date or for cancellations the date of the cancellation.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

The company websites are being amortised evenly over their estimated useful lives.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 20% on cost
Computer equipment - 25% on cost

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.


SKI ARMADILLO LIMITED (REGISTERED NUMBER: 06944745)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 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.

Foreign currencies
Foreign currencies transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains and losses being taken to the profit and loss account.

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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivables or payables within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

TVA
A provision has been included for the TVA (French and Swiss equivalent of VAT) that will be charged for this accounting period, due to the company operating in France and Switzerland. The provision is based on an assumed method of calculation on turnover for the period.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 13 ) .

SKI ARMADILLO LIMITED (REGISTERED NUMBER: 06944745)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


4. INTANGIBLE FIXED ASSETS
Website
£   
COST
At 1 June 2023
and 31 May 2024 18,050
AMORTISATION
At 1 June 2023 10,650
Amortisation for year 1,850
At 31 May 2024 12,500
NET BOOK VALUE
At 31 May 2024 5,550
At 31 May 2023 7,400

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2023 13,645 79,518 5,113 98,276
Additions 16,676 - 5,005 21,681
Disposals - (79,518 ) - (79,518 )
At 31 May 2024 30,321 - 10,118 40,439
DEPRECIATION
At 1 June 2023 4,092 78,819 2,965 85,876
Charge for year 4,377 - 1,578 5,955
Eliminated on disposal - (78,819 ) - (78,819 )
At 31 May 2024 8,469 - 4,543 13,012
NET BOOK VALUE
At 31 May 2024 21,852 - 5,575 27,427
At 31 May 2023 9,553 699 2,148 12,400

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 425,036 450,885
Other debtors 108,800 206,877
533,836 657,762

SKI ARMADILLO LIMITED (REGISTERED NUMBER: 06944745)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 141,020 105,090
Taxation and social security 51,211 89,926
Other creditors 738,337 692,134
940,568 897,150

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 10,834 20,833

9. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
4,632 'A' Ordinary £1 4,632 4,632

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£    £   
A E Grant
Balance outstanding at start of year - -
Amounts advanced 873 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 873 -

M P Wood
Balance outstanding at start of year 9,833 75
Amounts advanced 504 10,275
Amounts repaid (9,833 ) (517 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 504 9,833

T M Wilson
Balance outstanding at start of year 1,624 520
Amounts advanced 2,978 1,624
Amounts repaid (2,912 ) (520 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,690 1,624

11. RELATED PARTY DISCLOSURES

Included in debtors is an amount of £2,266 (2023: £2,266) due from shareholders.