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REGISTERED NUMBER: 14161734 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Skrubs Ltd

Skrubs Ltd (Registered number: 14161734)

Contents of the Financial Statements
for the Year Ended 30 June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Skrubs Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTOR: J Singh Dua





SECRETARY:





REGISTERED OFFICE: Trust House C/o Isaacs
5 New Augustus Street
Bradford
England
West Yorkshire
BD1 5LL





REGISTERED NUMBER: 14161734 (England and Wales)





ACCOUNTANTS: Isaacs
Trust House C/O Isaacs
St James Business Park
5 New Augustus Street
Bradford
West Yorkshire
BD1 5LL

Skrubs Ltd (Registered number: 14161734)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 11,550 14,070
Tangible assets 5 6,780 -
18,330 14,070

CURRENT ASSETS
Stocks 117,193 7,230
Cash at bank and in hand 26,317 1,280
143,510 8,510
CREDITORS
Amounts falling due within one year 6 263,935 64,245
NET CURRENT LIABILITIES (120,425 ) (55,735 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(102,095

)

(41,665

)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (102,096 ) (41,666 )
SHAREHOLDERS' FUNDS (102,095 ) (41,665 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Skrubs Ltd (Registered number: 14161734)

Balance Sheet - continued
30 June 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 director and authorised for issue on 15 November 2024 and were signed by:





J Singh Dua - Director


Skrubs Ltd (Registered number: 14161734)

Notes to the Financial Statements
for the Year Ended 30 June 2024


1. STATUTORY INFORMATION

Skrubs Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Computer software is being amortised evenly over its estimated useful life of nil years.

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 etc - 15% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

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

Skrubs Ltd (Registered number: 14161734)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 July 2023
and 30 June 2024 16,800
AMORTISATION
At 1 July 2023 2,730
Charge for year 2,520
At 30 June 2024 5,250
NET BOOK VALUE
At 30 June 2024 11,550
At 30 June 2023 14,070

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 7,977
At 30 June 2024 7,977
DEPRECIATION
Charge for year 1,197
At 30 June 2024 1,197
NET BOOK VALUE
At 30 June 2024 6,780

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 18,692 1,000
Trade creditors 5,133 7,805
Taxation and social security 1,040 -
Other creditors 239,070 55,440
263,935 64,245