REGISTERED NUMBER: 08014817 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Skapandi Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr D C Fullard

Mrs S E Fullard

REGISTERED OFFICE:

Rowan House

7 West Bank

SCARBOROUGH

North Yorkshire

YO12 4DX

REGISTERED NUMBER:

08014817 (England and Wales)

ACCOUNTANTS:

Asquith Accountants Ltd

Rowan House

7 West Bank

SCARBOROUGH

North Yorkshire

YO12 4DX

FIXED ASSETS

Tangible assets

4

653,025

411,917

CURRENT ASSETS

Stocks

138,490

192,942

Debtors

5

284,015

224,639

Cash at bank and in hand

127,666

163,893

550,171

581,474

CREDITORS

Amounts falling due within one year

6

215,153

217,293

NET CURRENT ASSETS

335,018

364,181

TOTAL ASSETS LESS CURRENT LIABILITIES

988,043

776,098

CREDITORS

Amounts falling due after more than one year

7

(209,765

)

(240,191

)

PROVISIONS FOR LIABILITIES

(100,671

)

(48,209

)

NET ASSETS

677,607

487,698

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

677,507

487,598

SHAREHOLDERS' FUNDS

677,607

487,698

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2025 and were signed on its behalf by:

Mr D C Fullard - Director

Mrs S E Fullard - Director

1.	STATUTORY INFORMATION

Skapandi Limited 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on reducing balance and 7.5% on reducing balance

Motor vehicles

-

15% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 16 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

65,335

561,326

15,870

60,065

702,596

Additions

1,318

156,563

-

974

158,855

Disposals

-

(26,250

)

-

-

(26,250

)

At 31 March 2025

66,653

691,639

15,870

61,039

835,201

DEPRECIATION

At 1 April 2024

19,866

214,221

5,753

50,839

290,679

Charge for year

9,382

(1

)

1,518

8,579

19,478

Eliminated on disposal

-

(2,880

)

-

-

(2,880

)

Charge written back

-

(125,101

)

-

-

(125,101

)

At 31 March 2025

29,248

86,239

7,271

59,418

182,176

NET BOOK VALUE

At 31 March 2025

37,405

605,400

8,599

1,621

653,025

At 31 March 2024

45,469

347,105

10,117

9,226

411,917

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

COST

At 1 April 2024

280,900

Additions

85,000

Transfer to ownership

(174,400

)

At 31 March 2025

191,500

DEPRECIATION

At 1 April 2024

102,069

Charge written back

(2,213

)

Transfer to ownership

(98,331

)

At 31 March 2025

1,525

NET BOOK VALUE

At 31 March 2025

189,975

At 31 March 2024

178,831

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

254,723

175,030

Directors' current accounts

26,778

26,254

Tax

-

18,906

Prepayments

2,514

4,449

284,015

224,639

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts (see note 8)

58,692

53,002

Hire purchase contracts (see note 9)

30,171

37,856

Trade creditors

44,633

67,697

Tax

261

-

Social security and other taxes

10,756

9,653

Pensions

1,912

1,856

VAT

49,172

26,060

Other creditors

9,500

10,051

Business credit card

1,100

3,438

Accrued expenses

8,956

7,680

215,153

217,293

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans (see note 8)

89,598

148,290

Hire purchase contracts (see note 9)

120,167

91,901

209,765

240,191

8.

LOANS

An analysis of the maturity of loans is given below:

31.3.25

31.3.24

£

£

Amounts falling due within one year or on demand:

Bank loans

58,692

53,002

Amounts falling due between two and five years:

Bank loans - 2-5 years

89,598

148,290

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

31.3.25

31.3.24

£

£

Net obligations repayable:

Within one year

30,171

37,856

Between one and five years

120,167

91,901

150,338

129,757

Non-cancellable operating

leases

31.3.25

31.3.24

£

£

Within one year

20,440

20,440

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

Mr D C Fullard and Mrs S E Fullard

Balance outstanding at start of year

26,254

13,020

Amounts advanced

27,622

54,400

Amounts repaid

(27,098

)

(41,166

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

26,778

26,254