SUM SKATE LTD

Company Registration Number:
13667791 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2024

Period of accounts

Start date: 01 November 2023

End date: 31 October 2024

SUM SKATE LTD

Contents of the Financial Statements

for the Period Ended 31 October 2024

Company Information - 3
Profit and Loss Account - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 10

SUM SKATE LTD

Company Information

for the Period Ended 31 October 2024




Director: Gregor Laurence
Registered office: 7 Heath Villas
Queens Place
Ascot
England
SL5 7JB
Company Registration Number: 13667791 (England and Wales)

SUM SKATE LTD

Profit and Loss Account

for the Period Ended 31 October 2024


Notes

2024
£

2023
£
Gross turnover (not including turnover from inside OPW engagements) 4,150 3,300
Gross turnover from inside OPW engagements 350 220
Deductions from gross turnover from inside OPW engagements ( 240 ) ( 120 )
Cost of sales ( 4,200 ) ( 3,500 )
Gross Profit or (Loss) 60 ( 100 )
Income from coronavirus (COVID-19) business support grants 0 0
Distribution Costs ( 1,100 ) ( 900 )
Administrative Expenses ( 480 ) ( 350 )
Other operating income 270 160
Operating Profit or (Loss) ( 1,250 ) ( 1,190 )
Interest Receivable and Similar Income 0 0
Interest Payable and Similar Charges ( 0 ) ( 0 )
Profit or (Loss) Before Tax ( 1,250 ) ( 1,190 )
Tax on Profit ( 150 ) ( 75 )
Profit or (Loss) for Period ( 1,400 ) ( 1,265 )

The notes form part of these financial statements

SUM SKATE LTD

Balance sheet

As at 31 October 2024


Notes

2024
£

2023
£
Fixed assets
Intangible assets: 4 350 350
Tangible assets: 5 750 350
Total fixed assets: 1,100 700
Current assets
Stocks: 0 0
Debtors: 6 450 320
Cash at bank and in hand: 4,100 5,500
Total current assets: 4,550 5,820
Prepayments and accrued income: 300 560
Creditors: amounts falling due within one year: 7 ( 1,300 ) ( 920 )
Net current assets (liabilities): 3,550 5,460
Total assets less current liabilities: 4,650 6,160
Creditors: amounts falling due after more than one year: 8 ( 300 ) ( 650 )
Provision for liabilities: ( 1,200 ) ( 1,730 )
Accruals and deferred income: ( 388 ) ( 298 )
Total net assets (liabilities): 2,762 3,482

The notes form part of these financial statements

SUM SKATE LTD

Balance sheet continued

As at 31 October 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 1 1
Revaluation reserve: 9 1 1
Profit and loss account: 2,760 3,480
Shareholders funds: 2,762 3,482

For the year ending 31 October 2024 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 25 June 2025
And Signed On Behalf Of The Board By:

Name: Gregor Laurence
Status: Director

The notes form part of these financial statements

SUM SKATE LTD

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

SUM SKATE LTD

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 0 0

    no employees throughout

SUM SKATE LTD

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 3. Off balance sheet disclosure

    No

SUM SKATE LTD

Notes to the Financial Statements

for the Period Ended 31 October 2024

4. Intangible assets

Other Total
Cost £ £
At 01 November 2023 350 350
Additions 0 0
Disposals ( 0 ) ( 0 )
Revaluations 0 0
Transfers 0 0
At 31 October 2024 350 350
Amortisation
Amortisation at 01 November 2023 0 0
Charge for year 0 0
On disposals ( 0 ) ( 0 )
Other adjustments 0 0
Amortisation at 31 October 2024 0 0
Net book value
Net book value at 31 October 2024 350 350
Net book value at 31 October 2023 350 350

SUM SKATE LTD

Notes to the Financial Statements

for the Period Ended 31 October 2024

5. Tangible assets

Office equipment Total
Cost £ £
At 01 November 2023 750 750
Additions 780 780
Disposals - -
Revaluations 40 40
Transfers 30 30
At 31 October 2024 1,600 1,600
Depreciation
At 01 November 2023 400 400
Charge for year 360 360
On disposals ( 50 ) ( 50 )
Other adjustments 140 140
At 31 October 2024 850 850
Net book value
At 31 October 2024 750 750
At 31 October 2023 350 350

SUM SKATE LTD

Notes to the Financial Statements

for the Period Ended 31 October 2024

6. Debtors


2024
£

2023
£
Trade debtors 380 250
Prepayments and accrued income 70 50
Other debtors 0 20
Total 450 320
Debtors due after more than one year: 0 0

SUM SKATE LTD

Notes to the Financial Statements

for the Period Ended 31 October 2024

7.Creditors: amounts falling due within one year note


2024
£

2023
£
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 450 450
Trade creditors 0 0
Taxation and social security 600 300
Accruals and deferred income 100 70
Other creditors 150 100
Total 1,300 920

SUM SKATE LTD

Notes to the Financial Statements

for the Period Ended 31 October 2024

8.Creditors: amounts falling due after more than one year


2024
£

2023
£
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 200 400
Other creditors 100 250
Total 300 650

SUM SKATE LTD

Notes to the Financial Statements

for the Period Ended 31 October 2024

9. Revaluation reserve


2024
£
Balance at 01 November 2023 1
Surplus or deficit after revaluation 0
Balance at 31 October 2024 1