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REGISTERED NUMBER: 12505187 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Sk Commercials Ltd

Sk Commercials Ltd (Registered number: 12505187)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sk Commercials Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: S R Kavanagh
Miss L J West





SECRETARY: Miss L J West





REGISTERED OFFICE: Repton House Bretby Business Park
Bretby
Burton-On-Trent
DE15 0YZ





REGISTERED NUMBER: 12505187 (England and Wales)





ACCOUNTANTS: Amos Accountancy & Bookkeeping Services
31 West Street
Swadlincote
Derbyshire
DE11 9DN

Sk Commercials Ltd (Registered number: 12505187)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 381,491 62,805

CURRENT ASSETS
Stocks - 12,000
Debtors 5 315,519 138,556
Cash at bank 3,096 20,659
318,615 171,215
CREDITORS
Amounts falling due within one year 6 299,202 87,520
NET CURRENT ASSETS 19,413 83,695
TOTAL ASSETS LESS CURRENT
LIABILITIES

400,904

146,500

CREDITORS
Amounts falling due after more than one
year

7

275,905

18,860
NET ASSETS 124,999 127,640

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 124,998 127,639
124,999 127,640

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Sk Commercials Ltd (Registered number: 12505187)

Balance Sheet - continued
31 March 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 Board of Directors and authorised for issue on 10 November 2023 and were signed on its behalf by:





S R Kavanagh - Director


Sk Commercials Ltd (Registered number: 12505187)

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

1. STATUTORY INFORMATION

Sk Commercials 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 - 25% on reducing balance and 15% 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 8 ).

Sk Commercials Ltd (Registered number: 12505187)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 73,724
Additions 414,589
At 31 March 2023 488,313
DEPRECIATION
At 1 April 2022 10,919
Charge for year 95,903
At 31 March 2023 106,822
NET BOOK VALUE
At 31 March 2023 381,491
At 31 March 2022 62,805

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 315,518 138,555
Other debtors 1 1
315,519 138,556

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 237,313 54,952
Taxation and social security 61,889 32,568
299,202 87,520

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 15,007 18,860
Hire purchase contracts 260,898 -
275,905 18,860