Skate Hut Ltd in Worcester, WR2 5AG

Description

Data updated on: 01-11-2023

Skate Hut started its operations in 2010 as a Private Limited Company under the following Company Registration No.: 07200066. This business has been prospering for fourteen years and the present status is active. The company's office is situated in Worcester at 31 St. Johns. Anyone could also find this business using its postal code : WR2 5AG. This business's SIC code is 47910 meaning Retail sale via mail order houses or via Internet. Skate Hut Limited filed its latest accounts for the financial year up to Thu, 31st Mar 2022. The business most recent annual confirmation statement was submitted on Thu, 23rd Mar 2023.

Council Devon County Council can be found among the counter parties that cooperate with the company. In 2014, this cooperation amounted to at least 440 pounds of revenue. Cooperation with the Devon County Council council covered the following areas: Health & Safety Equipment.

According to the information we have, this specific firm was created in 2010 and has been overseen by five directors.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2021-03-31	2022-03-31	2023-03-31
Currency

Balance Sheet
Cash Bank On Hand	2 500 847	211 959	219 384
Current Assets	5 705 430	5 558 169	2 798 112
Debtors	644 521	617 863	243 045
Net Assets Liabilities	1 686 620	1 658 332	-231 028
Total Inventories	2 560 062	4 728 347	2 335 683
Property Plant Equipment	171 574	266 333

Other Financial Data
Other Non-audit Services Fees	13 670	27 860	24 963
Company Contributions To Money Purchase Plans Directors	2 463	2 634	2 583
Director Remuneration	169 167	180 000	168 785
Number Directors Accruing Benefits Under Money Purchase Scheme	2	2	2
Accrued Liabilities Deferred Income	547 330	303 229	466 751
Accumulated Amortisation Impairment Intangible Assets	64 948	74 795	49 636
Accumulated Depreciation Impairment Property Plant Equipment	249 728	385 381	2 508
Administrative Expenses	1 972 505	2 667 934	2 906 523
Amortisation Expense Intangible Assets	7 808	2 976	13 742
Amounts Owed By Group Undertakings	466 104	256 979	53 716
Amounts Owed To Group Undertakings	200 000	541 143	163 329
Applicable Tax Rate	19	19	19
Average Number Employees During Period	103	116	126
Bank Borrowings Overdrafts	48 323	1 219 763	52 438
Bank Overdrafts	48 323	1 219 763	52 438
Cash Cash Equivalents Cash Flow Value	2 452 524	-1 007 804	166 946
Comprehensive Income Expense	2 155 022	146 712	-1 889 360
Corporation Tax Payable	474 284	12 829	-2 171
Corporation Tax Recoverable	89 610	89 610
Cost Sales	20 576 571	16 160 656	12 087 960
Creditors	4 336 139	4 125 596	3 527 632
Current Tax For Period	474 612	6 435
Depreciation Amortisation Expense	89 194	145 556	126 972
Depreciation Expense Property Plant Equipment	81 386	135 653	109 518
Disposals Decrease In Depreciation Impairment Property Plant Equipment			10 262
Disposals Property Plant Equipment			121 000
Distribution Costs	7 075 189	6 273 200	5 301 273
Dividends Paid	849 973	175 000
Dividends Paid Classified As Financing Activities	-849 973	-175 000
Dividends Paid On Shares Interim	849 973	175 000
Fixed Assets	367 329	337 109	562 005
Further Operating Expense Item Component Total Operating Expenses	8 000	10 125	15 000
Future Minimum Lease Payments Under Non-cancellable Operating Leases	158 056	134 764	1 645 369
Gain Loss In Cash Flows From Change In Creditors Trade Other Payables	1 730 691	-1 223 658	1 003 681
Gain Loss In Cash Flows From Change In Debtors Trade Other Receivables	-21 796	-182 467	81 945
Gain Loss On Disposal Assets Income Statement Subtotal			800
Gain Loss On Disposals Property Plant Equipment			800
Gross Profit Loss	11 662 455	9 152 905	6 372 718
Income Taxes Paid Refund Classified As Operating Activities	68 370	-474 380	74 610
Increase Decrease In Cash Cash Equivalents Before Foreign Exchange Differences Changes In Consolidation	1 988 630	-3 460 328	1 174 750
Increase Decrease In Current Tax From Adjustment For Prior Periods	232	6 490
Increase Decrease In Stocks Inventories Finished Goods Work In Progress	1 139 268	2 168 285	-2 392 664
Increase From Amortisation Charge For Year Intangible Assets		9 847	3 712
Increase From Depreciation Charge For Year Property Plant Equipment		135 653	2 508
Intangible Assets	195 755	70 776	53 322
Intangible Assets Gross Cost	260 703	145 571
Interest Expense On Bank Loans Similar Borrowings	9 433	5 784	37 119
Interest Paid Classified As Operating Activities	-9 433	-5 784	-37 119
Interest Payable Similar Charges Finance Costs	9 433	5 784	37 119
Net Cash Flows From Used In Financing Activities	923 266	213 013	41 506
Net Cash Flows From Used In Investing Activities	470 623	-434 932	525 619
Net Cash Flows From Used In Operating Activities	-3 382 519	3 682 247	-1 741 875
Net Cash Generated From Operations	-3 323 582	3 202 083	-1 704 384
Net Current Assets Liabilities	1 369 291	1 432 573	-729 520
Number Shares Issued Fully Paid		10 010	10 010
Operating Profit Loss	2 637 161	211 771	-1 835 078
Other Deferred Tax Expense Credit		46 350	17 163
Other Taxation Social Security Payable	46 691	42 080	32 877
Par Value Share		1	1
Pension Other Post-employment Benefit Costs Other Pension Costs	36 023	39 985	38 168
Prepayments Accrued Income	51 029	200 553	193 122
Proceeds From Sales Property Plant Equipment			-800
Profit Loss	2 155 022	146 712	-1 889 360
Profit Loss On Ordinary Activities Before Tax	2 629 634	205 987	-1 872 197
Property Plant Equipment Gross Cost	421 302	651 714	64 485
Provisions	50 000	111 350	63 513
Provisions For Liabilities Balance Sheet Subtotal	50 000	111 350	63 513
Purchase Other Long-term Assets Classified As Investing Activities	181 002	-550 212	174 551
Purchase Property Plant Equipment	-101 778	-115 280	-351 868
Recoverable Value-added Tax		71 830
Social Security Costs	167 677	176 396	179 593
Staff Costs Employee Benefits Expense	2 273 203	2 401 749	2 277 131
Tax Decrease From Utilisation Tax Losses			-6 435
Tax Decrease Increase From Effect Revenue Exempt From Taxation			152
Tax Expense Credit Applicable Tax Rate	499 630	39 138	-355 717
Tax Increase Decrease From Effect Capital Allowances Depreciation	-10 020	-32 703	-35 203
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss			71
Tax Tax Credit On Profit Or Loss On Ordinary Activities	474 612	59 275	17 163
Total Additions Including From Business Combinations Property Plant Equipment		230 412	64 485
Total Assets Less Current Liabilities	1 736 620	1 769 682	-167 515
Total Current Tax Expense Credit	474 612	12 925
Total Operating Lease Payments	234 532	571 559	405 586
Trade Creditors Trade Payables	2 779 333	1 965 046	2 577 674
Trade Debtors Trade Receivables		-3 927	-6 611
Turnover Revenue	32 239 026	25 313 561	18 460 678
Wages Salaries	2 069 503	2 185 368	2 059 370
Cash Receipts From Government Grants	-22 400
Further Item Cash Flow From Used In Financing Activities Component Net Cash Flows From Used In Financing Activities	-22 400
Further Item Proceeds From Sales Other Long-term Assets Classified As Investing Activities Component Corresponding Total	-1
Increase Decrease Due To Transfers Into Or Out Intangible Assets		-115 132
Net Interest Received Paid Classified As Investing Activities	-1 906
Other Interest Receivable Similar Income Finance Income	1 906
Other Operating Income Format1	22 400
Proceeds From Borrowings Classified As Financing Activities	-7 524
Purchase Intangible Assets	-189 750
Repayments Borrowings Classified As Financing Activities	-400 000