REGISTERED NUMBER: 11195769 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 March 2026

for

Skips Electrical Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A I Williams

REGISTERED OFFICE:

72-73 Bartholomew Street

Newbury

Berkshire

RG14 5DU

REGISTERED NUMBER:

11195769 (England and Wales)

ACCOUNTANTS:

Tayabali Tomlin

Chartered Accountants

Kenton House

Oxford Street

Moreton-in-Marsh

Gloucestershire

GL56 0LA

FIXED ASSETS

Tangible assets

4

5,925

7,823

CURRENT ASSETS

Debtors

5

7,371

5,183

Cash at bank

7,020

9,032

14,391

14,215

CREDITORS

Amounts falling due within one year

6

16,897

18,675

NET CURRENT LIABILITIES

(2,506

)

(4,460

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,419

3,363

CREDITORS

Amounts falling due after more than one year

7

-

(1,116

)

PROVISIONS FOR LIABILITIES

(1,481

)

(1,956

)

NET ASSETS

1,938

291

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

1,937

290

1,938

291

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 March 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 7 May 2026 and were signed by:

A I Williams - Director

1.	STATUTORY INFORMATION

Skips Electrical 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

The directors consider that in preparing the financial statements they have taken into account all information available, and on this basis the financial statements are prepared on a going concern basis.

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.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2025 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 31 March 2025

171

16,243

2,341

18,755

Additions

77

-

-

77

At 30 March 2026

248

16,243

2,341

18,832

DEPRECIATION

At 31 March 2025

43

9,390

1,499

10,932

Charge for year

51

1,713

211

1,975

At 30 March 2026

94

11,103

1,710

12,907

NET BOOK VALUE

At 30 March 2026

154

5,140

631

5,925

At 30 March 2025

128

6,853

842

7,823

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

6,556

4,422

Other debtors

815

761

7,371

5,183

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

1,116

4,486

Trade creditors

4,702

6,788

Taxation and social security

9,257

6,206

Other creditors

1,822

1,195

16,897

18,675

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

-

1,116

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £20,000 (2025 - £15,000) were paid to the director .