Accounts filed on 31-01-2021


Registered number: 12397939






SKYLINE BUILDING MERCHANTS LIMITED


ACCOUNTS

FOR THE 385 DAY PERIOD ENDED 31/01/2021
























Prepared By:
R S Accounting Services
49 Glanmor Road
Slough
Berkshire
SL2 5LH


SKYLINE BUILDING MERCHANTS LIMITED


ACCOUNTS
FOR THE 385 DAY PERIOD ENDED 31/01/2021





DIRECTORS
Sandeep Johal


REGISTERED OFFICE
7 Chatsworth Road
Hayes
Middlesex
UB4 9ES


COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 12397939



ACCOUNTANTS
R S Accounting Services
49 Glanmor Road
Slough
Berkshire
SL2 5LH


ACCOUNTS
FOR THE385 DAY PERIODENDED31/01/2021



CONTENTS



		Page

Directors' Report		-

Accountants' Report		-

Statement Of Comprehensive Income		-

Balance Sheet		3

Notes To The Accounts		4


The following do not form part of the statutory financial statements:

Trading And Profit And Loss Account		-

Profit And Loss Account Summaries		-


BALANCE SHEET AT 31/01/2021

			2021		2020
	Notes		£		£

FIXED ASSETS
Tangible assets	3		179,599		-

CURRENT ASSETS
Stock		175,750		-
Debtors	5	51,378		-
Cash at bank and in hand		4,156		-
		231,284		-
CREDITORS: Amounts falling due within one year	6	135,358		-
NET CURRENT ASSETS			95,926		-
TOTAL ASSETS LESS CURRENT LIABILITIES			275,525		-


CREDITORS: Amounts falling due after more than one year	7		329,252		-

NET LIABILITIES			(53,727)		-

CAPITAL AND RESERVES

Called up share capital	8		100		-
Profit and loss account			(53,827)		-
SHAREHOLDERS' FUNDS			(53,727)		-

For the year ending 31/01/2021 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.

Approved by the board on 08/10/2021 and signed on their behalf by



.............................
Sandeep Johal
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .




1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and Machinery		reducing balance 18%
Commercial Vehicles		reducing balance 18%
Fixtures and Fittings		reducing balance 18%




1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.




5. DEBTORS	2021	2020
	£	£
Amounts falling due within one year
Trade debtors	2,897	-
VAT	38,728	-
Other debtors	5,313	-
Prepayments	4,440	-
	51,378	-




6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2021	2020
	£	£
PAYE control	292	-
Salaries and wages control	6,599	-
Hire purchase	19,883	-
Trade creditors	106,784	-
Accruals	1,800	-
	135,358	-




7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
	2021	2020
	£	£
Loans >1yr	50,000	-
Hire purchase >1yr	68,864	-
Other creditors > 1yr	210,388	-
	329,252	-




8. SHARE CAPITAL	2021	2020
	£	£
Allotted, issued and fully paid:
100 Ordinary shares of £1 each	100
	100	-

New shares issued during period:
100 Ordinary shares of £1 each	100
	100	-