REGISTERED NUMBER: 10968559 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Skivvy Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr P Kalogerinis

Miss E Kalo

REGISTERED OFFICE:

The Old Vicarage High Road

Shillington

Hitchin

SG5 3LT

REGISTERED NUMBER:

10968559 (England and Wales)

ACCOUNTANTS:

Accsys Accountants Limited

Chartered Accountants

Trade Fair House

2 West Court

Enterprise Road

Maidstone

Kent

ME15 6JD

FIXED ASSETS

Tangible assets

4

-

2,134

CURRENT ASSETS

Stocks

-

59,714

Debtors

5

100

24,360

Cash at bank

33

1,154

133

85,228

CREDITORS

Amounts falling due within one year

6

-

28,226

NET CURRENT ASSETS

133

57,002

TOTAL ASSETS LESS CURRENT LIABILITIES

133

59,136

CREDITORS

Amounts falling due after more than one year

7

-

85,000

NET ASSETS/(LIABILITIES)

133

(25,864

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

33

(25,964

)

133

(25,864

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

Mr P Kalogerinis - Director

1.	STATUTORY INFORMATION

Skivvy 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.

Computer equipment

-

25% 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 January 2024

2,689

Disposals

(2,689

)

At 31 December 2024

-

DEPRECIATION

At 1 January 2024

555

Eliminated on disposal

(555

)

At 31 December 2024

-

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

2,134

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

-

9,128

Other debtors

100

15,232

100

24,360

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

-

8,701

Directors' current accounts

-

19,525

-

28,226

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans - 1-2 years

-

85,000