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Skipton Screeds & Plastering Limited
Unaudited Financial Statements
for the year ended 31 March 2026
Company registration number 13810542
(England and Wales)

Company Information

For the year ended 31 March 2026
Director Bottomley, Daniel

Company secretary Bottomley, Daniel

Registered office 5 Woodfield Drive
Bradley
Keighley
BD20 9EN

Registered number 13810542

Accountant H & M Ltd
The Four Columns
Broughton Hall Business Park
Skipton
BD23 3AE

Statement of Financial Position

As at 31 March 2026
Notes
2026
2025
£
£
£
£
Fixed assets
Tangible assets
4
32,640
21,409
32,640
21,409
Current assets
Debtors
5
72,608
78,132
Cash at bank and in hand
6
75,883
39,346
148,491
117,478
Creditors
Amounts falling due within one year
7
(31,293)
(23,544)
(31,293)
(23,544)
Net current assets (liabilities)
117,198
93,934
Total assets less current liabilities
149,838
115,343
Provisions for liabilities
8
(8,160)
(5,352)
Net assets (liabilities)
141,678
109,991
Capital and reserves
Called up share capital
10
10
Profit and loss account
141,668
109,981
Total equity
141,678
109,991

The company is a private company limited by shares and registered in England and Wales. It was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company's profit and loss account under section 444 (5A) of the Companies Act 2006.

The financial statements were approved and authorised for issue by the director on 24 August 2026 and are signed on its behalf by:

Bottomley, Daniel
Bottomley, Daniel
Director

Company registration number 13810542

Notes to the Financial Statements

For the year ended 31 March 2026

1. Statutory information

The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The financial statements are presented in sterling and this is the functional currency of the company.

2. Accounting policies

2.1. Basis of preparation

The financial statements have been prepared in accordance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

The financial statements have been prepared under the historical cost convention in accordance with the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.


Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.


Revenue from the provision of services is recognised in the period in which the services are provided when all of the following conditions are satisfied; the amount of revenue can be measured reliably; it is probable that the economic benefits associated with the transaction will flow to the entity; the stage of completion of the transaction at the end of the reporting period can be measured reliably and the costs incurred and costs to complete the transaction can be measured reliably.


2.3. Pensions

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.


When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.


2.4. Taxation

Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.


Tax deferred or accelerated is accounted for in respect of all material timing differences, in particular accelerated capital allowances and revaluation gains on investment properties. All deferred tax is charged/(credited) to the Statement of Income and Retained Earnings.


2.5. Tangible fixed assets and depreciation

Tangible assets are initially recorded at cost and subsequently stated at cost less any accumulated depreciation and any accumulated impairment losses.

 

Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Rate
Method
%
Plant and machinery
15
Reducing balance
Motor vehicles
25
Reducing balance

2.6. Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

2.7. Financial Instruments

The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans and directors' loans.

 

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

 

Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

 

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

2.8. Provisions

Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in a settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

3. Employees

The average number of employees during the year was 1 (2025: 1).

4. Tangible fixed assets

Plant and machinery
Motor vehicles
Total
£
£
£
Cost
At 1 April 2025
14,793
12,500
27,293
Additions
2,970
15,300
18,270
At 31 March 2026
17,763
27,800
45,563
Depreciation and impairment
At 1 April 2025
610
5,274
5,884
Charge for the period
2,363
4,676
7,039
At 31 March 2026
2,973
9,950
12,923
Net book value
At 31 March 2026
14,790
17,850
32,640
At 31 March 2025
14,183
7,226
21,409

5. Debtors

2026
2025
£
£
Trade debtors
57,361
56,462
Other debtors
15,132
21,670
Prepayments and accrued income
115
-
Total due within one year
72,608
78,132
Total due after one year
-
-
Total
72,608
78,132

6. Cash at bank and in hand

2026
2025
£
£
Cash at bank
75,883
39,346
Total
75,883
39,346

7. Creditors due within one year

2026
2025
£
£
Trade creditors
15,811
12,159
Other creditors
1,200
2,998
Taxation and social security
14,282
8,387
Total
31,293
23,544

8. Provisions for liabilities

2026
2025
£
£
Deferred tax
8,160
5,352
Total
8,160
5,352