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REGISTERED NUMBER: 05818572 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2023

FOR

S. K. C. FABRICATIONS LIMITED

S. K. C. FABRICATIONS LIMITED (REGISTERED NUMBER: 05818572)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


S. K. C. FABRICATIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2023







DIRECTOR: SK Cross





SECRETARY: TA Cross





REGISTERED OFFICE: 11 St Bernard's Court
Kettering
Northamptonshire
NN15 5US





REGISTERED NUMBER: 05818572 (England and Wales)





ACCOUNTANTS: Bewers Turner & Co LLP
Chartered Accountants
Portland House
11-13 Station Road
Kettering
Northamptonshire
NN15 7HH

S. K. C. FABRICATIONS LIMITED (REGISTERED NUMBER: 05818572)

BALANCE SHEET
30TH JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,962 5,094

CURRENT ASSETS
Debtors 5 218 14,192
Cash at bank 191 496
409 14,688
CREDITORS
Amounts falling due within one year 6 6,386 10,002
NET CURRENT (LIABILITIES)/ASSETS (5,977 ) 4,686
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,015

)

9,780

CREDITORS
Amounts falling due after more than one
year

7

-

9,717
NET (LIABILITIES)/ASSETS (1,015 ) 63

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (1,115 ) (37 )
SHAREHOLDERS' FUNDS (1,015 ) 63

S. K. C. FABRICATIONS LIMITED (REGISTERED NUMBER: 05818572)

BALANCE SHEET - continued
30TH JUNE 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2023 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 7th August 2023 and were signed by:





SK Cross - Director


S. K. C. FABRICATIONS LIMITED (REGISTERED NUMBER: 05818572)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023


1. STATUTORY INFORMATION

S. K. C. Fabrications Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis not withstanding that at 30 June 2023 the company had net current liabilities of £5,977. The director believes this basis to be appropriate and has agreed to provide funds as necessary to meet the day to day running costs of the business for the foreseeable future.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Financial instruments
The company is party to only basic financial instruments such as cash, trade debtors and creditors and loans. Instruments such as trade debtors and trade creditors are initially recognised at their transaction cost and reviewed at the year end for impairment. Debt instruments not repayable on demand or due within one year, such as bank loans, are measured at amortised cost using the effective interest rate.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


S. K. C. FABRICATIONS LIMITED (REGISTERED NUMBER: 05818572)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Financial instruments
The company is party to only basic financial instruments such as cash, trade debtors and creditors, and bank loans. Instruments such as trade debtors and creditors are initially recognised at their transaction cost and reviewed at the year end for impairment. Debt instruments not repayable on demand or due within one year, such as bank loans, are measured at amortised cost using the effective interest rate.

Bounce back loan
Bank loans are under the UK government Bounce Back Loan scheme.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 2 ) .

S. K. C. FABRICATIONS LIMITED (REGISTERED NUMBER: 05818572)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st July 2022 2,944 619 8,033 962 12,558
Additions - 1,042 - 249 1,291
At 30th June 2023 2,944 1,661 8,033 1,211 13,849
DEPRECIATION
At 1st July 2022 2,606 308 3,703 847 7,464
Charge for year 51 190 1,082 100 1,423
At 30th June 2023 2,657 498 4,785 947 8,887
NET BOOK VALUE
At 30th June 2023 287 1,163 3,248 264 4,962
At 30th June 2022 338 311 4,330 115 5,094

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1st July 2022
and 30th June 2023 8,033
DEPRECIATION
At 1st July 2022 335
Charge for year 1,082
At 30th June 2023 1,417
NET BOOK VALUE
At 30th June 2023 6,616
At 30th June 2022 7,698

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors - 9,400
Directors' current accounts - 4,792
Prepayments 218 -
218 14,192

S. K. C. FABRICATIONS LIMITED (REGISTERED NUMBER: 05818572)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 2,912
Hire purchase contracts - 1,621
Trade creditors - 400
Corporation tax - 2,132
Credit card creditor 85 2,140
Directors' current accounts 5,485 -
Accrued expenses 816 797
6,386 10,002

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years - 2,986
Bank loans - 2-5 years - 6,731
- 9,717

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th June 2023 and 30th June 2022:

2023 2022
£    £   
SK Cross
Balance outstanding at start of year 4,792 (4,219 )
Amounts advanced 23,968 21,837
Amounts repaid (34,245 ) (12,826 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (5,485 ) 4,792

9. RELATED PARTY DISCLOSURES

All material related party transactions with owners holding a participating interest, companies in which the entity has a participating interest and directors were all concluded under normal market conditions.