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
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
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
Skylark Luggage Ltd
Statement of financial position
as at 30 April 2025
Tangible assets
24,862
922
Cash at bank and in hand
22,966
46,497
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
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
Skylark Luggage Ltd
Notes to the Accounts
for the year ended 30 April 2025
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 have been valued at the lower of cost and net realisable value.
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.
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
Additions
26,564
1,035
-
27,599
At 30 April 2025
26,564
1,035
982
28,581
Charge for the year
3,100
199
360
3,659
At 30 April 2025
3,100
199
420
3,719
At 30 April 2025
23,464
836
562
24,862
At 30 April 2024
-
-
922
922
Amounts falling due within one year
Accrued income and prepayments
5,310
2,646
Other debtors
60,915
37,551
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
-
45,000
Trade creditors
127,201
514
Taxes and social security
-
4,986
Other creditors
41,572
149
Loans from directors
(2,124)
3,277
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
-
Skylark Luggage Ltd
Notes to the Accounts
for the year ended 30 April 2025
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director's Loan
-
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).