Company Registration No. 12707805 (England and Wales)
SKBC LIMITED
Unaudited accounts
for the year ended 30 June 2023
SKBC LIMITED
Unaudited accounts
Contents
SKBC LIMITED
Company Information
for the year ended 30 June 2023
Directors
Kit Yee CHAN
Ka Fai LOK
Company Number
12707805 (England and Wales)
Registered Office
99 CAMPBELL ROAD
SWINTON
MANCHESTER
M27 5GR
ENGLAND
Accountants
Lams Accountants
20 Burton Road
Didsbury
Manchester
Greater Manchester
M20 3ED
SKBC LIMITED
Statement of financial position
as at 30 June 2023
Tangible assets
25,415
34,256
Cash at bank and in hand
73,565
32,348
Creditors: amounts falling due within one year
(101,790)
(102,091)
Net current liabilities
(26,106)
(67,694)
Net liabilities
(691)
(33,438)
Called up share capital
2
2
Profit and loss account
(693)
(33,440)
Shareholders' funds
(691)
(33,438)
For the year ending 30 June 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 directors acknowledge their 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 of Directors and authorised for issue on 17 November 2023 and were signed on its behalf by
Kit Yee CHAN
Director
Company Registration No. 12707805
SKBC LIMITED
Notes to the Accounts
for the year ended 30 June 2023
SKBC LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12707805. The registered office is 99 CAMPBELL ROAD, SWINTON, MANCHESTER, M27 5GR, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 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:
Land & buildings
3 Years Leasehold
Plant & machinery
15% Reducing Balance
Fixtures & fittings
20% Reducing Balance
Computer equipment
25% Reducing Balance
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 July 2022
12,370
12,856
16,090
1,939
43,255
At 30 June 2023
12,370
12,856
16,090
1,939
43,255
At 1 July 2022
4,123
1,564
2,976
336
8,999
Charge for the year
4,123
1,694
2,623
401
8,841
At 30 June 2023
8,246
3,258
5,599
737
17,840
At 30 June 2023
4,124
9,598
10,491
1,202
25,415
At 30 June 2022
8,247
11,292
13,114
1,603
34,256
SKBC LIMITED
Notes to the Accounts
for the year ended 30 June 2023
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Loans from directors
101,518
101,086
7
Average number of employees
During the year the average number of employees was 5 (2022: 2).