| |
|
2025 |
|
2024 |
| |
|
£ |
£ |
|
£ |
£ |
| Fixed assets |
|
|
100 |
|
|
776,081 |
| Current assets |
|
245 |
|
|
58,155 |
|
| Creditors: amount falling due within one year |
|
(55,528) |
|
|
(55,287) |
|
|
Net current assets
|
|
|
(55,283)
|
|
|
2,868
|
|
Total assets less current liabilities
|
|
|
(55,183) |
|
|
778,949 |
| Creditors: amount falling due after more than one year |
|
|
(509,176) |
|
|
(574,005) |
|
Net assets
|
|
|
(564,359) |
|
|
204,944 |
| |
|
|
|
|
|
|
|
Capital and reserves
|
|
|
(564,359) |
|
|
204,944 |
| |
NOTES TO THE ACCOUNTS
General Information
SKLaycock Ltd is a private company, limited by shares, registered in England and Wales, registration number 13884289, registration address Home Farm, Cheddar Road, Clewer, Wedmore, BS28 4JE.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The financial statements have been prepared on a basis other than going concern.
During the year, the Companys wholly owned subsidiary, Abbas Marquees Ltd, entered into liquidation. The subsidiary was the Companys sole source of income, primarily through the receipt of dividend income. As a result of the liquidation, the Company no longer has any means to generate future income and has therefore ceased trading.
Accordingly, the Directors consider that the going concern basis of accounting is no longer appropriate. The financial statements have instead been prepared on a breakup basis, under which assets are stated at their estimated realisable values and liabilities are recognised in full.
|
| 2. |
Average number of employees
Average number of employees during the year was 2 (2024 : 2).
|
| 3. |
Related parties
During the year the company entered into the following transactions with related parties: | Amount due from/to related party | | Provision for doubtful debt from the related party |
|---|
| 2025
£ | | 2024
£ | | 2025
£ | | 2024
£ |
|---|
| Abbas Marquees Ltd | - | | 58,050 | | - | | - |
The company owned 100% of Abbas Marquees Ltd share capital at the year end. Directors, S Laycock and K Laycock wholly own SKLaycock Ltd and are also directors of Abbas Marquees Ltd. Abbas Marquees Ltd entered liquidation post year end, owing the company £24,200, as this is no longer recoverable, it has been written off as a bad debt through the profit and loss account. |
|
Directors' Loan Account
At the year end, the Company owed the Directors £466,610 (2024: £468,300) in respect of amounts advanced through the Directors Loan Account. The balance is unsecured, interestfree, and repayable on demand.
As the financial statements have been prepared on a basis other than going concern, the Directors acknowledge that repayment of this balance is dependent on the realisation of the Companys remaining assets. On this basis, there is significant uncertainty, it is unlikely any of these loans will be recoverable.
|
For the year ended 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' Responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 20 April 2026 and were signed on its behalf by: --------------------------------
S Laycock
Director |
1
|