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REGISTERED NUMBER: 09777437 (England and Wales)















Unaudited Financial Statements

for the Period 1 January 2023 to 30 June 2023

for

SKM Contracting Ltd

SKM Contracting Ltd (Registered number: 09777437)






Contents of the Financial Statements
for the Period 1 January 2023 to 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SKM Contracting Ltd

Company Information
for the Period 1 January 2023 to 30 June 2023







DIRECTOR: Mr S K Mackay





REGISTERED OFFICE: 8th Floor
Elizabeth House
54-58 High Street
Edgware
Middlesex
HA8 7EJ





REGISTERED NUMBER: 09777437 (England and Wales)





ACCOUNTANTS: Selwyn Miles & Company
Certified Practising Accountants
8th Floor
Elizabeth House
54-58 High Street
Edgware
Middlesex
HA8 7EJ

SKM Contracting Ltd (Registered number: 09777437)

Balance Sheet
30 June 2023

30.6.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,749 18,332

CURRENT ASSETS
Stock & work in progress 5 700 1,370
Debtors 6 121,443 83,824
Cash at bank and in hand 7,114 29,930
129,257 115,124
CREDITORS
Amounts falling due within one year 7 138,560 131,021
NET CURRENT LIABILITIES (9,303 ) (15,897 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,446

2,435

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 4,346 2,335
SHAREHOLDERS' FUNDS 4,446 2,435

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

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 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 14 February 2024 and were signed by:





Mr S K Mackay - Director


SKM Contracting Ltd (Registered number: 09777437)

Notes to the Financial Statements
for the Period 1 January 2023 to 30 June 2023

1. STATUTORY INFORMATION

SKM Contracting 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.
Equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stock & work in progress
Stock & work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stock & work in progress to their present location and condition.

Taxation
Taxation for the period comprises current 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 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.

3. EMPLOYEES AND DIRECTORS

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

SKM Contracting Ltd (Registered number: 09777437)

Notes to the Financial Statements - continued
for the Period 1 January 2023 to 30 June 2023

4. TANGIBLE FIXED ASSETS
Motor
Equipment vehicles Totals
£    £    £   
COST
At 1 January 2023
and 30 June 2023 28,804 13,250 42,054
DEPRECIATION
At 1 January 2023 15,596 8,126 23,722
Charge for period 3,302 1,281 4,583
At 30 June 2023 18,898 9,407 28,305
NET BOOK VALUE
At 30 June 2023 9,906 3,843 13,749
At 31 December 2022 13,208 5,124 18,332

5. STOCK & WORK IN PROGRESS
30.6.23 31.12.22
£    £   
Stock & work in progress 700 1,370

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 31.12.22
£    £   
Trade debtors 31,443 13,824
Other debtors 90,000 70,000
121,443 83,824

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 31.12.22
£    £   
Trade creditors 6,730 11,265
Tax 2,180 6,693
Social security and other taxes 14,514 11,616
Directors' current accounts 106,964 87,697
Accrued expenses 8,172 13,750
138,560 131,021

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 31.12.22
value: £    £   
100 Ordinary £1 100 100

SKM Contracting Ltd (Registered number: 09777437)

Notes to the Financial Statements - continued
for the Period 1 January 2023 to 30 June 2023

9. RESERVES
Retained
earnings
£   

At 1 January 2023 2,335
Profit for the period 2,011
At 30 June 2023 4,346