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REGISTERED NUMBER: 11374666 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

SB Skate Ramps Limited

SB Skate Ramps Limited (Registered number: 11374666)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SB Skate Ramps Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: Ms R Waugh
N I Shaw





SECRETARY:





REGISTERED OFFICE: Horley Green House
Horley Green Road
Claremount
Halifax
West Yorkshire
HX3 6AS





REGISTERED NUMBER: 11374666 (England and Wales)





ACCOUNTANTS: Horley Green Chartered Accountants
Horley Green House
Horley Green Road
Claremount
Halifax
West Yorkshire
HX3 6AS

SB Skate Ramps Limited (Registered number: 11374666)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 44,860 52,721

CURRENT ASSETS
Stocks 9,500 9,500
Debtors 5 3,100 3,100
Cash at bank and in hand 10,347 16,810
22,947 29,410
CREDITORS
Amounts falling due within one year 6 72,155 96,106
NET CURRENT LIABILITIES (49,208 ) (66,696 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(4,348

)

(13,975

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (4,448 ) (14,075 )
(4,348 ) (13,975 )

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.

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 27 February 2025 and were signed on its behalf by:





Ms R Waugh - Director


SB Skate Ramps Limited (Registered number: 11374666)

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


1. STATUTORY INFORMATION

SB Skate Ramps 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. 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.

Turnover
Turnover represents the net amount receivable for goods supplied and services provided, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

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 - 15% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 10% 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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

SB Skate Ramps Limited (Registered number: 11374666)

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


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2023
and 31 May 2024 49,226 470 32,000 20,413 102,109
DEPRECIATION
At 1 June 2023 20,660 259 24,406 4,063 49,388
Charge for year 4,285 42 1,899 1,635 7,861
At 31 May 2024 24,945 301 26,305 5,698 57,249
NET BOOK VALUE
At 31 May 2024 24,281 169 5,695 14,715 44,860
At 31 May 2023 28,566 211 7,594 16,350 52,721

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 3,100 3,100

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 8,999 8,999
VAT 5,299 5,826
Directors' loan accounts 56,257 79,681
Accrued expenses 1,600 1,600
72,155 96,106

7. RELATED PARTY DISCLOSURES

The company is controlled by the company director.