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REGISTERED NUMBER: 13005051 (England and Wales)















Skidmore Building Contractors Ltd

Unaudited Financial Statements for the Year Ended 31 March 2025






Skidmore Building Contractors Ltd (Registered number: 13005051)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Skidmore Building Contractors Ltd

Company Information
for the Year Ended 31 March 2025







DIRECTOR: K W Skidmore





SECRETARY:





REGISTERED OFFICE: Perardua
High Street
Waddington
Lincoln
Lincolnshire
LN5 9RF





REGISTERED NUMBER: 13005051 (England and Wales)





ACCOUNTANTS: M.D. Cobb F.M.A.A.T.
Cobb & Co Accountants Limited
30 Sleaford Road
Bracebridge Heath
Lincoln
Lincolnshire
LN4 2ND

Skidmore Building Contractors Ltd (Registered number: 13005051)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 22,451 26,671

CURRENT ASSETS
Stocks - 66,900
Debtors 5 584 -
Cash at bank 2,837 2,899
3,421 69,799
CREDITORS
Amounts falling due within one year 6 63,896 141,809
NET CURRENT LIABILITIES (60,475 ) (72,010 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(38,024

)

(45,339

)

CREDITORS
Amounts falling due after more than one
year

7

3,494

8,097
NET LIABILITIES (41,518 ) (53,436 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (41,519 ) (53,437 )
(41,518 ) (53,436 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

Skidmore Building Contractors Ltd (Registered number: 13005051)

Balance Sheet - continued
31 March 2025


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 9 June 2025 and were signed by:





K W Skidmore - Director


Skidmore Building Contractors Ltd (Registered number: 13005051)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Skidmore Building Contractors 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Equipment - 20% 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.

Skidmore Building Contractors Ltd (Registered number: 13005051)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern
These accounts are prepared on a going concern basis, subject to the continuing support of the director. This support is continuing at the date of signing the accounts.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4. TANGIBLE FIXED ASSETS
Motor
vehicles Equipment Totals
£    £    £   
COST
At 1 April 2024 22,248 15,623 37,871
Additions - 1,399 1,399
At 31 March 2025 22,248 17,022 39,270
DEPRECIATION
At 1 April 2024 8,011 3,189 11,200
Charge for year 2,848 2,771 5,619
At 31 March 2025 10,859 5,960 16,819
NET BOOK VALUE
At 31 March 2025 11,389 11,062 22,451
At 31 March 2024 14,237 12,434 26,671

Skidmore Building Contractors Ltd (Registered number: 13005051)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles Equipment Totals
£    £    £   
COST
At 1 April 2024
and 31 March 2025 22,248 9,658 31,906
DEPRECIATION
At 1 April 2024 8,011 966 8,977
Charge for year 2,848 1,739 4,587
At 31 March 2025 10,859 2,705 13,564
NET BOOK VALUE
At 31 March 2025 11,389 6,953 18,342
At 31 March 2024 14,237 8,692 22,929

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Other debtors 584 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Hire purchase contracts 4,603 4,603
Trade creditors 155 77
Taxation and social security 411 -
Other creditors 58,727 137,129
63,896 141,809

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.25 31.3.24
£    £   
Hire purchase contracts 3,494 8,097

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.25 31.3.24
£    £   
Hire purchase contracts 8,097 12,700

Skidmore Building Contractors Ltd (Registered number: 13005051)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

9. ULTIMATE CONTROLLING PARTY

The controlling party is K W Skidmore.