Skippy Grabs & Groundworks Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 04530731

		31 March 2025		30 September 2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		34,333		41,530

			34,333		41,530
CURRENT ASSETS
Debtors	6	8,297		15,087

		8,297		15,087
Creditors: Amounts Falling Due Within One Year	7	(197,044 )		(163,398 )

NET CURRENT ASSETS (LIABILITIES)			(188,747 )		(148,311 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(154,414 )		(106,781 )

Creditors: Amounts Falling Due After More Than One Year	8		(2,622 )		(25,135 )

NET LIABILITIES			(157,036 )		(131,916 )

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			(157,136 )		(132,016 )

SHAREHOLDERS' FUNDS			(157,036)		(131,916)

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Skippy Grabs & Groundworks Limited

Balance Sheet (continued)

As At 31 March 2025

For the period ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges her 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mrs Lucy Henderson

Director

15/10/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Skippy Grabs & Groundworks Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04530731 . The registered office is Unit 115, 40 Gracechurch Street, London, EC3V 0BT.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% reducing balance
Motor Vehicles	25% reducing balance
Fixtures & Fittings	15% reducing balance

3. Average Number of Employees

Average number of employees, including directors, during the period was: 3 (2023: 3)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 October 2023	7,000

As at 31 March 2025	7,000

Amortisation
As at 1 October 2023	7,000

As at 31 March 2025	7,000

Net Book Value
As at 31 March 2025	-

As at 1 October 2023	-

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Skippy Grabs & Groundworks Limited

Notes to the Financial Statements (continued)

For the Period 1 October 2023 to 31 March 2025

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 October 2023	140,423	35,000	869	176,292
Additions	13,300	-	-	13,300

As at 31 March 2025	153,723	35,000	869	189,592

Depreciation
As at 1 October 2023	114,078	20,234	450	134,762
Provided during the period	14,867	5,537	93	20,497

As at 31 March 2025	128,945	25,771	543	155,259

Net Book Value
As at 31 March 2025	24,778	9,229	326	34,333

As at 1 October 2023	26,345	14,766	419	41,530

6. Debtors

	31 March 2025	30 September 2023
	£	£
Due within one year
Trade debtors	5,634	15,087
Other debtors	2,663	-

	8,297	15,087

7. Creditors: Amounts Falling Due Within One Year

	31 March 2025	30 September 2023
	£	£
Trade creditors	8,666	4,337
Bank loans and overdrafts	11,545	2,530
Other creditors	170,607	148,674
Taxation and social security	6,226	7,857

	197,044	163,398

8. Creditors: Amounts Falling Due After More Than One Year

	31 March 2025	30 September 2023
	£	£
Bank loans	2,622	25,135

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Skippy Grabs & Groundworks Limited

Notes to the Financial Statements (continued)

For the Period 1 October 2023 to 31 March 2025

9. Share Capital

	31 March 2025	30 September 2023
	£	£
Allotted, Called up and fully paid	100	100

10. Going Concern

The company has a balance sheet deficit as at 31 March 2025. However, most of the long term funding for the company is by way of director & shareholder loans. The investors have made a commitment not to seek repayment of the loans within the foreseeable future. The director is confident the company will trade out of its current position and therefore believes it to be necessary and appropriate to prepare these accounts on a going concern basis.

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