Skignz Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08551318 (England and Wales)

Abbreviated Unaudited Accounts

for the Period 31 May 2013 to 30 June 2014

for

SKIGNZ LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Accountants' Report

4

DIRECTORS:

G Baker

S A Brown

REGISTERED OFFICE:

8-10 Woodstock Court

Bowesfield Crescent

Stockton on Tees

North Yorkshire

TS18 3BL

REGISTERED NUMBER:

08551318 (England and Wales)

ACCOUNTANTS:

Mitchell Gordon LLP

43 Coniscliffe Road

Darlington

Co. Durham

DL3 7EH

CURRENT ASSETS

Debtors

8,437

Cash at bank and in hand

9,456

17,893

CREDITORS

Amounts falling due within one year

24,256

NET CURRENT LIABILITIES

(6,363

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(6,363

)

CAPITAL AND RESERVES

Called up share capital

2

2

Profit and loss account

(6,365

)

SHAREHOLDERS' FUNDS

(6,363

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2014.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 21 May 2015 and were signed on its behalf by:

S A Brown - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the going concern basis of accounting. At the balance sheet

date the liabilities of the company exceeds its assets by £6,363. Included within liabilities is an amount of

£19,740 owed to the Directors. The Directors have confirmed that repayment of the loan will not be sought if it

proved prejudicial to the company.

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Deferred tax

Deferred tax 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. Deferred tax is accounted for in respect

of all material timing differences. The company has not adopted a policy of discounting deferred tax assets and

liabilities.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

2

Ordinary

£1

2

2 Ordinary shares of £1 were issued during the period for cash of £ 2 .

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to three)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Skignz Limited for the period ended 30 June 2014 which comprise the Profit and Loss Account,

the Balance Sheet, and the related notes from the company's accounting records and from information and explanations

you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com.

This report is made solely to the Board of Directors of Skignz Limited, as a body, in accordance with the terms of our engagement letter dated 4 July 2013. Our work has been undertaken solely to prepare for your approval the financial statements of Skignz Limited and state those matters that we have agreed to state to the Board of Directors of Skignz Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Skignz Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Skignz Limited. You consider that Skignz Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Skignz Limited. For this

reason, we have not verified the accuracy or completeness of the accounting records or information and explanations

you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Mitchell Gordon LLP

43 Coniscliffe Road

Darlington

Co. Durham

DL3 7EH

21 May 2015