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Registered Number: 15345668
England and Wales

 

 

 

SKIP BRANDS LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 12 December 2023

End date: 31 December 2024
Directors Angelos Panayiotou
Adam Marcus Pritchard - Appointed on 02 April 2024
Registered Number 15345668
Registered Office Windfall House, Unit D1
The Courtyard, Alban Park, St. Albans
Hertfordshire, England
AL4 0LA
Accountants Windfall Accounting LLP
Windfall House
D1 The Courtyard Alban Park
St Albans
AL4 0LA
1
 
 
Notes
 
2024
£
Current assets    
Stocks 3 124,974 
Debtors 4 18,373 
Cash at bank and in hand 9,297 
152,644 
Creditors: amount falling due within one year 5 (106,057)
Net current assets 46,587 
 
Total assets less current liabilities 46,587 
Net assets 46,587 
 

Capital and reserves
   
Called up share capital 225,000 
Profit and loss account (178,413)
Shareholders' funds 46,587 
 


For the period ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 14 April 2025 and were signed on its behalf by:


-------------------------------
Angelos Panayiotou
Director
2
General Information
Skip Brands Limited is a private company, limited by shares, registered in England and Wales, registration number 15345668, registration address Windfall House, Unit D1, The Courtyard, Alban Park, St. Albans, Hertfordshire, England, AL4 0LA.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). The financial statements have been prepared under the historical cost convention.
Going concern basis
The directors have confirmed that they will continue to give financial support to the company until such time as its position improves. In addition the directors have confirmed that they will not recall their loans within 12 months. The directors consider that it is appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result if the financial support were withdrawn.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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 taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.

Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.

Current and deferred tax assets and liabilities are not discounted.















Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the period was 1.
3.

Stocks

2024
£
Stocks 124,974 
124,974 

4.

Debtors: amounts falling due within one year

2024
£
Trade Debtors 2,543 
Prepayments & Accrued Income 1,155 
Other Debtors 240 
VAT 14,435 
18,373 

5.

Creditors: amount falling due within one year

2024
£
Trade Creditors 100,557 
Accrued Expenses 5,500 
106,057 

3