1 September 2023 false Taxfiler 2024.6 08197468business:PrivateLimitedCompanyLtd2023-09-012024-08-31 081974682023-08-31 081974682023-09-012024-08-31 08197468business:AuditExemptWithAccountantsReport2023-09-012024-08-31 08197468business:FilletedAccounts2023-09-012024-08-31 081974682024-08-31 08197468business:Director12023-09-012024-08-31 08197468business:RegisteredOffice2023-09-012024-08-31 081974682023-08-31 08197468core:WithinOneYear2024-08-31 08197468core:WithinOneYear2023-08-31 08197468core:AfterOneYear2024-08-31 08197468core:AfterOneYear2023-08-31 08197468core:ShareCapitalcore:PreviouslyStatedAmount2024-08-31 08197468core:ShareCapitalcore:PreviouslyStatedAmount2023-08-31 08197468core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-08-31 08197468core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-08-31 08197468core:PreviouslyStatedAmount2024-08-31 08197468core:PreviouslyStatedAmount2023-08-31 08197468business:SmallEntities2023-09-012024-08-31 08197468countries:EnglandWales2023-09-012024-08-31 08197468business:OrdinaryShareClass12023-09-012024-08-31 08197468business:OrdinaryShareClass12022-09-012023-08-31 081974682022-09-012023-08-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 08197468 (England and Wales)
Skarr Limited Unaudited accounts for the year ended 31 August 2024
Skarr Limited Unaudited accounts Contents
Page
- 2 -
Skarr Limited Company Information for the year ended 31 August 2024
Director
Mrs R Jethi
Company Number
08197468 (England and Wales)
Registered Office
55-57 Christchurch Road Prenton Wirral Merseyside CH43 5SF England
Accountants
Invictus Accountancy Services Limited 1 Stable Court Business Centre Water Lane Farm Tarbock Green Liverpool Merseyside L35 1RD
- 3 -
Skarr Limited Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Inventories
64,300 
68,744 
Debtors
7,982 
8,101 
Cash at bank and in hand
2,301 
2,322 
74,583 
79,167 
Creditors: amounts falling due within one year
(38,508)
(48,947)
Net current assets
36,075 
30,220 
Total assets less current liabilities
36,075 
30,220 
Creditors: amounts falling due after more than one year
(17,500)
(18,563)
Net assets
18,575 
11,657 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
18,574 
11,656 
Shareholders' funds
18,575 
11,657 
For the year ending 31 August 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 20 May 2025 and were signed on its behalf by
Mrs R Jethi Director Company Registration No. 08197468
- 4 -
Skarr Limited Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Skarr Limited is a private company, limited by shares, registered in England and Wales, registration number 08197468. The registered office is 55-57 Christchurch Road, Prenton, Wirral, Merseyside, CH43 5SF, England.
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.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Stocks
Stocks and work-in-progress 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 expenditure and an appropriate proportion of fixed and variable overheads.
Presentation currency
The accounts are presented in £ sterling.
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
7,982 
8,101 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
8,900 
10,648 
Trade creditors
8,200 
7,634 
Taxes and social security
4,723 
7,587 
Other creditors
14,464 
- 
Loans from directors
21 
21,127 
Accruals
2,200 
1,951 
38,508 
48,947 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
17,500 
18,563 
- 5 -
Skarr Limited Notes to the Accounts for the year ended 31 August 2024
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).
- 6 -