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Company Registration No. 14782319 (England and Wales)
Skylark Luggage Ltd Unaudited accounts for the year ended 30 April 2025
Skylark Luggage Ltd Unaudited accounts Contents
Page
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Skylark Luggage Ltd Company Information for the year ended 30 April 2025
Directors
Waqaz Arif Faria Nasir
Company Number
14782319 (England and Wales)
Registered Office
Unit A3 Springhead Enterprise Park Springhead Road, Northfleet Gravesend Kent DA11 8HB England
Accountants
A K Butler Limited 21 Windsor Drive Sittingbourne Kent ME10 1UN
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Skylark Luggage Ltd for the year ended 30 April 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Skylark Luggage Ltd for the year ended 30 April 2025 as set out on pages 5 - 8 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
A K Butler Limited Chartered Certified Accountants 21 Windsor Drive Sittingbourne Kent ME10 1UN 6 August 2025
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Skylark Luggage Ltd Statement of financial position as at 30 April 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
24,862 
922 
Current assets
Inventories
86,507 
2,667 
Debtors
71,004 
44,677 
Cash at bank and in hand
22,966 
46,497 
180,477 
93,841 
Creditors: amounts falling due within one year
(191,844)
(77,353)
Net current (liabilities)/assets
(11,367)
16,488 
Total assets less current liabilities
13,495 
17,410 
Provisions for liabilities
Deferred tax
(768)
- 
Net assets
12,727 
17,410 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
12,627 
17,310 
Shareholders' funds
12,727 
17,410 
For the year ending 30 April 2025 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 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 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 of Directors and authorised for issue on 6 August 2025 and were signed on its behalf by
Waqaz Arif Director Company Registration No. 14782319
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Skylark Luggage Ltd Notes to the Accounts for the year ended 30 April 2025
1
Statutory information
Skylark Luggage Ltd is a private company, limited by shares, registered in England and Wales, registration number 14782319. The registered office is Unit A3, Springhead Enterprise Park, Springhead Road, Northfleet, Gravesend, Kent, DA11 8HB, 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.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Land & Buildings consists of improvements to leasehold property. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
20% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
Inventories
Inventories have been valued at the lower of cost and net realisable value.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Skylark Luggage Ltd Notes to the Accounts for the year ended 30 April 2025
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 May 2024
- 
- 
982 
982 
Additions
26,564 
1,035 
- 
27,599 
At 30 April 2025
26,564 
1,035 
982 
28,581 
Depreciation
At 1 May 2024
- 
- 
60 
60 
Charge for the year
3,100 
199 
360 
3,659 
At 30 April 2025
3,100 
199 
420 
3,719 
Net book value
At 30 April 2025
23,464 
836 
562 
24,862 
At 30 April 2024
- 
- 
922 
922 
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
4,779 
4,480 
Accrued income and prepayments
5,310 
2,646 
Other debtors
60,915 
37,551 
71,004 
44,677 
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Bank loans and overdrafts
- 
45,000 
VAT
24,070 
22,827 
Trade creditors
127,201 
514 
Taxes and social security
- 
4,986 
Other creditors
41,572 
149 
Loans from directors
(2,124)
3,277 
Accruals
1,125 
600 
191,844 
77,353 
7
Operating lease commitments
2025 
2024 
£ 
£ 
At 30 April 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Later than one year and not later than five years
33,333 
- 
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Skylark Luggage Ltd Notes to the Accounts for the year ended 30 April 2025
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Director's Loan
- 
2,124 
- 
2,124 
- 
2,124 
- 
2,124 
Included in other debtors due within one year is a loan to the director amounting to £2,124 (2023 - £nil). The loan is interest-free and repayable on demand.
9
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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