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Company Registration No. 07699724 (England and Wales)
Skb Law Ltd Unaudited accounts for the year ended 31 July 2023
Skb Law Ltd Unaudited accounts Contents
Page
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Skb Law Ltd Company Information for the year ended 31 July 2023
Director
Sukhjit Kaur Bassi
Company Number
07699724 (England and Wales)
Registered Office
S K N Business Centre 1 Guildford Street Birmingham West Midlands B19 2HN England
Accountants
SKN Services Limited SKN Business Centre 1 Guildford St Birmingham B19 2HN
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Skb Law Ltd Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,733 
2,166 
Current assets
Debtors
86 
- 
Cash at bank and in hand
21,731 
20,337 
21,817 
20,337 
Creditors: amounts falling due within one year
(7,910)
(8,735)
Net current assets
13,907 
11,602 
Total assets less current liabilities
15,640 
13,768 
Creditors: amounts falling due after more than one year
(8,268)
(9,478)
Net assets
7,372 
4,290 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
7,371 
4,289 
Shareholders' funds
7,372 
4,290 
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 10 November 2023 and were signed on its behalf by
Sukhjit Kaur Bassi Director Company Registration No. 07699724
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Skb Law Ltd Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
Skb Law Ltd is a private company, limited by shares, registered in England and Wales, registration number 07699724. The registered office is S K N Business Centre, 1 Guildford Street , Birmingham, West Midlands, B19 2HN, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% reducing balance
Computer equipment
20% reducing balance
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2022
1,215 
4,704 
5,919 
At 31 July 2023
1,215 
4,704 
5,919 
Depreciation
At 1 August 2022
1,111 
2,642 
3,753 
Charge for the year
21 
412 
433 
At 31 July 2023
1,132 
3,054 
4,186 
Net book value
At 31 July 2023
83 
1,650 
1,733 
At 31 July 2022
104 
2,062 
2,166 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
86 
- 
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Skb Law Ltd Notes to the Accounts for the year ended 31 July 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
51 
75 
Other creditors
7,859 
8,660 
7,910 
8,735 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
8,268 
9,478 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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