SKOULIKAS BEDFORD LIMITED

Company Registration Number:
02485291 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2024

Period of accounts

Start date: 1 January 2024

End date: 31 December 2024

SKOULIKAS BEDFORD LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

SKOULIKAS BEDFORD LIMITED

Directors' report period ended 31 December 2024

The directors present their report with the financial statements of the company for the period ended 31 December 2024

Principal activities of the company

The principal activity of the Company is of import and wholesaling of feed.



Directors

The directors shown below have held office during the whole of the period from
1 January 2024 to 31 December 2024

Brendan Coakley
Cillian Molloy
Paul Garrod
Darryl Murphy


Secretary Darryl Murphy

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
29 May 2025

And signed on behalf of the board by:
Name: Paul Garrod
Status: Director

SKOULIKAS BEDFORD LIMITED

Profit And Loss Account

for the Period Ended 31 December 2024

2024 2023


£

£
Turnover: 6,887,000 6,816,000
Cost of sales: ( 4,490,000 ) ( 4,528,000 )
Gross profit(or loss): 2,397,000 2,288,000
Administrative expenses: ( 2,444,000 ) ( 2,402,000 )
Operating profit(or loss): (47,000) (114,000)
Profit(or loss) before tax: (47,000) (114,000)
Tax: ( 34,000 ) 21,000
Profit(or loss) for the financial year: (81,000) (93,000)

SKOULIKAS BEDFORD LIMITED

Balance sheet

As at 31 December 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets: 3 207,000 320,000
Tangible assets: 4 153,000 91,000
Total fixed assets: 360,000 411,000
Current assets
Stocks: 5 638,000 644,000
Debtors: 6 1,013,000 946,000
Cash at bank and in hand: 602,000 708,000
Total current assets: 2,253,000 2,298,000
Creditors: amounts falling due within one year: 7 ( 1,285,000 ) ( 1,300,000 )
Net current assets (liabilities): 968,000 998,000
Total assets less current liabilities: 1,328,000 1,409,000
Total net assets (liabilities): 1,328,000 1,409,000
Capital and reserves
Called up share capital: 10,000 10,000
Profit and loss account: 1,318,000 1,399,000
Total Shareholders' funds: 1,328,000 1,409,000

The notes form part of these financial statements

SKOULIKAS BEDFORD LIMITED

Balance sheet statements

For the year ending 31 December 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 29 May 2025
and signed on behalf of the board by:

Name: Paul Garrod
Status: Director

The notes form part of these financial statements

SKOULIKAS BEDFORD LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 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

    Turnover policy

    The total turnover of the Company for the year has been derived from its principal activity wholly undertaken in the United Kingdom. The Company's turnover represents the value of amounts invoiced, excluding value added tax, for goods and services supplied during the year. Turnover is recognised at the point of delivery.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Tangible fixed assets include investment property whose fair value cannot be measured reliably without undue cost or effort. Where parts of an item of tangible fixed assets have different useful lives, they are accounted for as separate items of tangible fixed assets, for example land is treated separately from buildings. Leases in which the Company assumes substantially all the risks and rewards of ownership of the leased asset are classified as finance leases. All other leases are classified as operating leases. Leased assets acquired by way of finance lease are stated on initial recognition at an amount equal to the lower of their fair value and the present value of the minimum lease payments at inception of the lease, including any incremental costs directly attributable to negotiating and arranging the lease. At initial recognition a finance lease liability is recognised equal to the fair value of the leased asset or, if lower, the present value of the minimum lease payments.

    Intangible fixed assets amortisation policy

    Goodwill is stated at cost less any accumulated amortisation and accumulated impairment losses. Goodwill is allocated to cash-generating units or group of cash-generating units that are expected to benefit from the synergies of the business combination from which it arose. During 2016 the trade and net assets of Bedford Continental Wholesale Limited, a subsidiary undertaking, were transferred to the Company at their book value which was equal to their fair value. The cost of the Company's investment in the subsidiary undertakings reflected the underlying fair value of its net assets and goodwill at the time of acquisition. As a result ofthis transfer, the value of the Company's investment in the subsidiary undertakings fell below the amount at which it was stated in the Company's accounting records. Schedule 1 to the Companies Act 2006; The Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 (SI 2008 No. 410) requires that the investment be written down accordingly and that the amount be charged as a loss in the Company's statement of income and retained earnings. However, the directors considered that, as there had been no overall loss to the Company, it would have failed to give a true and fair view to charge that diminution to the Company's statement of income and retained earnings for the year and it should instead be re-allocated to goodwill and the identifiable net assets transferred, so as to recognise in the Company's individual balance sheet the effective cost to the Company of those net assets and goodwill. Other intangible assets that are acquired by the Company are stated at cost less accumulated amortisation and less accumulated impairment losses. Amortisation Amortisation is charged to administrative expenses in the statement of income and retained earnings on a straight-line basis over the estimated useful lives of intangible assets. Intangible assets are amortised from the date they are available for use. The estimated useful lives are as follows: Capitalised development costs - 3 years Goodwill is amortised on a straight-line basis over its useful life and is charged to administrative expenses in the statement of income and retained earnings. Goodwill has no residual value. The finite useful life of goodwill is estimated to be ten years and there is four years and two months remaining of amortisation until goodwill is fully amortised. The Company reviews the amortisation period and method when events and circumstances indicate that the useful life may have changed since the last reporting date.

SKOULIKAS BEDFORD LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 24 25

SKOULIKAS BEDFORD LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 January 2024 1,525,000 34,000 1,559,000
Additions 41,000 41,000
Disposals ( 34,000 ) ( 34,000 )
Revaluations 0 0
Transfers
At 31 December 2024 1,525,000 41,000 1,566,000
Amortisation
At 1 January 2024 1,205,000 34,000 1,239,000
Charge for year 152,000 2,000 154,000
On disposals ( 34,000 ) ( 34,000 )
Other adjustments
At 31 December 2024 1,357,000 2,000 1,359,000
Net book value
At 31 December 2024 168,000 39,000 207,000
At 31 December 2023 320,000 0 320,000

SKOULIKAS BEDFORD LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2024 268,000 125,000 393,000
Additions 20,000 88,000 108,000
Disposals
Revaluations
Transfers
At 31 December 2024 288,000 213,000 501,000
Depreciation
At 1 January 2024 212,000 90,000 302,000
Charge for year 20,000 26,000 46,000
On disposals
Other adjustments
At 31 December 2024 232,000 116,000 348,000
Net book value
At 31 December 2024 56,000 97,000 153,000
At 31 December 2023 56,000 35,000 91,000

SKOULIKAS BEDFORD LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Stocks

2024 2023
£ £
Stocks 638,000 644,000
Total 638,000 644,000

SKOULIKAS BEDFORD LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

6. Debtors

2024 2023
£ £
Trade debtors 904,000 861,000
Prepayments and accrued income 74,000 51,000
Other debtors 35,000 34,000
Total 1,013,000 946,000

SKOULIKAS BEDFORD LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

7. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 858,000 897,000
Taxation and social security 31,000 5,000
Accruals and deferred income 160,000 170,000
Other creditors 236,000 228,000
Total 1,285,000 1,300,000