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REGISTERED NUMBER: 11760784 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2023

for

SKX Logistics UK Ltd

SKX Logistics UK Ltd (Registered number: 11760784)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SKX Logistics UK Ltd

Company Information
for the Year Ended 31 January 2023







DIRECTOR: Q K Shi





REGISTERED OFFICE: First Floor
85 Great Portland Street
London
W1W 7LT





REGISTERED NUMBER: 11760784 (England and Wales)





ACCOUNTANTS: Wilson & Co
Chartered Certified Accountants
3rd Floor
9 St. Clare Street
London
EC3N 1LQ

SKX Logistics UK Ltd (Registered number: 11760784)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,507 4,380

CURRENT ASSETS
Debtors 5 1,004 15,343
Cash at bank and in hand 15,994 33,351
16,998 48,694
CREDITORS
Amounts falling due within one year 6 14,045 6,350
NET CURRENT ASSETS 2,953 42,344
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,460

46,724

CREDITORS
Amounts falling due after more than one year 7 29,923 39,167
NET (LIABILITIES)/ASSETS (24,463 ) 7,557

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (24,464 ) 7,556
(24,463 ) 7,557

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

SKX Logistics UK Ltd (Registered number: 11760784)

Balance Sheet - continued
31 January 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 October 2023 and were signed by:





Q K Shi - Director


SKX Logistics UK Ltd (Registered number: 11760784)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

SKX Logistics UK Ltd 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.

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.

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.
Plant and machinery etc - 20% on cost

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of the financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Income Statement.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

Financial assets and liabilities are offset and the net amount reported in the Statement of Financial Position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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


SKX Logistics UK Ltd (Registered number: 11760784)

Notes to the Financial Statements - continued
for the Year Ended 31 January 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2022
and 31 January 2023 9,360
DEPRECIATION
At 1 February 2022 4,980
Charge for year 1,873
At 31 January 2023 6,853
NET BOOK VALUE
At 31 January 2023 2,507
At 31 January 2022 4,380

SKX Logistics UK Ltd (Registered number: 11760784)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors - 7,803
Other debtors 1,004 7,540
1,004 15,343

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans and overdrafts 9,768 10,000
Trade creditors 1,399 10,478
Taxation and social security - (16,879 )
Other creditors 2,878 2,751
14,045 6,350

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.23 31.1.22
£    £   
Bank loans 29,923 39,167

8. LOAN COMMITMENTS

Included in creditors, there is an amount £49,167 of Bounce back loan repayable in 6 years.

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2023 and 31 January 2022:

31.1.23 31.1.22
£    £   
X Fan
Balance outstanding at start of year - (1,164 )
Amounts repaid - 1,164
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Q K Shi
Balance outstanding at start of year (1,164 ) -
Amounts advanced (1,339 ) (1,164 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (2,503 ) (1,164 )

SKX Logistics UK Ltd (Registered number: 11760784)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Q K Shi.