Registered number
10473303
S K A LIMITED
Filleted Accounts
30 November 2022
S K A LIMITED
Registered number: 10473303
Balance Sheet
as at 30 November 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 3 3,685 4,335
Current assets
Debtors 4 44,660 3,507
Cash at bank and in hand 23,998 53,981
68,658 57,488
Creditors: amounts falling due within one year 5 (29,952) (8,836)
Net current assets 38,706 48,652
Total assets less current liabilities 42,391 52,987
Creditors: amounts falling due after more than one year 6 (42,038) (47,695)
Net assets 353 5,292
Capital and reserves
Called up share capital 1 1
Profit and loss account 352 5,291
Shareholder's funds 353 5,292
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Sabeen K Afridi
Director
Approved by the board on 12 October 2023
S K A LIMITED
Notes to the Accounts
for the year ended 30 November 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 15% on reducing balance basis
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2021 6,000
At 30 November 2022 6,000
Depreciation
At 1 December 2021 1,665
Charge for the year 650
At 30 November 2022 2,315
Net book value
At 30 November 2022 3,685
At 30 November 2021 4,335
4 Debtors 2022 2021
£ £
Trade debtors 41,289 -
Other debtors 3,371 3,507
44,660 3,507
5 Creditors: amounts falling due within one year 2022 2021
£ £
Trade creditors 23,956 2,403
Taxation and social security costs 4,860 5,297
Other creditors 1,136 1,136
29,952 8,836
6 Creditors: amounts falling due after one year 2022 2021
£ £
Bank loans 42,038 47,695
7 Other information
S K A LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
19 The Green
Southall
Middlesex
UB2 4AH
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