IRIS Accounts Production v23.3.0.418 11884565 director 1.5.22 30.4.23 30.4.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh118845652022-04-30118845652023-04-30118845652022-05-012023-04-30118845652021-04-30118845652021-05-012022-04-30118845652022-04-3011884565ns10:Originalns15:EnglandWales2022-05-012023-04-3011884565ns14:PoundSterlingns10:Original2022-05-012023-04-3011884565ns10:Originalns10:Director12022-05-012023-04-3011884565ns10:Original2022-05-012023-04-3011884565ns10:Original2023-04-3011884565ns10:Originalns10:PrivateLimitedCompanyLtd2022-05-012023-04-3011884565ns10:Originalns10:SmallEntities2022-05-012023-04-3011884565ns10:Originalns10:AuditExempt-NoAccountantsReport2022-05-012023-04-3011884565ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-05-012023-04-3011884565ns10:SmallCompaniesRegimeForAccountsns10:Original2022-05-012023-04-3011884565ns10:Originalns10:FullAccounts2022-05-012023-04-3011884565ns10:CompanySecretary1ns10:Original2022-05-012023-04-3011884565ns10:Originalns10:RegisteredOffice2022-05-012023-04-3011884565ns10:Original2022-04-3011884565ns10:Originalns5:CurrentFinancialInstruments2023-04-3011884565ns10:Originalns5:CurrentFinancialInstruments2022-04-3011884565ns10:Originalns5:Non-currentFinancialInstruments2023-04-3011884565ns10:Originalns5:Non-currentFinancialInstruments2022-04-3011884565ns5:ShareCapitalns10:Original2023-04-3011884565ns5:ShareCapitalns10:Original2022-04-3011884565ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-04-3011884565ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-04-3011884565ns10:Originalns5:PlantMachinery2022-05-012023-04-3011884565ns10:Originalns5:FurnitureFittings2022-05-012023-04-3011884565ns10:Originalns5:ComputerEquipment2022-05-012023-04-3011884565ns10:Original2021-05-012022-04-3011884565ns10:Originalns5:PlantMachinery2022-04-3011884565ns10:Originalns5:FurnitureFittings2022-04-3011884565ns10:Originalns5:ComputerEquipment2022-04-3011884565ns10:Original2022-04-3011884565ns10:Originalns5:PlantMachinery2023-04-3011884565ns10:Originalns5:FurnitureFittings2023-04-3011884565ns10:Originalns5:ComputerEquipment2023-04-3011884565ns10:Originalns5:PlantMachinery2022-04-3011884565ns10:Originalns5:FurnitureFittings2022-04-3011884565ns10:Originalns5:ComputerEquipment2022-04-3011884565ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-3011884565ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-04-30
REGISTERED NUMBER: 11884565 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2023

for

SK Vans Limited

SK Vans Limited (Registered number: 11884565)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SK Vans Limited

Company Information
for the Year Ended 30 April 2023







DIRECTOR: J A Miller





SECRETARY:





REGISTERED OFFICE: Bridge House
12 Market Street
Glossop
Derbyshire
SK13 8AR





REGISTERED NUMBER: 11884565 (England and Wales)





ACCOUNTANTS: Lomas and Company Accountants Limited
Bridge House
12 Market Street
Glossop
Derbyshire
SK13 8AR

SK Vans Limited (Registered number: 11884565)

Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 52,059 21,817

CURRENT ASSETS
Stocks 1,449,096 1,310,516
Debtors 5 20,616 38,770
Cash at bank and in hand 203,198 100,414
1,672,910 1,449,700
CREDITORS
Amounts falling due within one year 6 1,276,930 1,121,735
NET CURRENT ASSETS 395,980 327,965
TOTAL ASSETS LESS CURRENT LIABILITIES 448,039 349,782

CREDITORS
Amounts falling due after more than one year 7 (35,376 ) (40,890 )

PROVISIONS FOR LIABILITIES (13,015 ) (4,145 )
NET ASSETS 399,648 304,747

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 399,638 304,737
SHAREHOLDERS' FUNDS 399,648 304,747

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 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:





J A Miller - Director


SK Vans Limited (Registered number: 11884565)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

SK Vans 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.

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

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 8 (2022 - 8 ) .

SK Vans Limited (Registered number: 11884565)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 May 2022 8,723 16,549 3,275 28,547
Additions 34,725 - 5,576 40,301
At 30 April 2023 43,448 16,549 8,851 68,848
DEPRECIATION
At 1 May 2022 1,308 3,989 1,433 6,730
Charge for year 6,321 1,884 1,854 10,059
At 30 April 2023 7,629 5,873 3,287 16,789
NET BOOK VALUE
At 30 April 2023 35,819 10,676 5,564 52,059
At 30 April 2022 7,415 12,560 1,842 21,817

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 15,340 36,879
Other debtors 5,276 1,891
20,616 38,770

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans and overdrafts 5,520 5,520
Trade creditors 928,086 705,514
Taxation and social security 65,346 65,135
Other creditors 277,978 345,566
1,276,930 1,121,735

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans 35,376 40,890