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REGISTERED NUMBER: SC234160 (Scotland)










Unaudited Financial Statements

for the Year Ended

31 July 2023

for

SKED CONSTRUCTION LIMITED

SKED CONSTRUCTION LIMITED (REGISTERED NUMBER: SC234160)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SKED CONSTRUCTION LIMITED

Company Information
for the Year Ended 31 July 2023







DIRECTORS: J Sked
S Sked





REGISTERED OFFICE: 4 new Trows Road
Lesmahagow
South Lanarkshire
ML11 0EW





REGISTERED NUMBER: SC234160 (Scotland)





ACCOUNTANTS: WDM Associates
Oakfield House
378 Brandon Street
Motherwell
ML1 1XA

SKED CONSTRUCTION LIMITED (REGISTERED NUMBER: SC234160)

Balance Sheet
31 July 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 202,182 165,511
Investments 5 206,345 211,625
408,527 377,136

CURRENT ASSETS
Stocks 62,025 98,855
Debtors 6 646,298 648,276
Cash at bank and in hand 515,066 595,951
1,223,389 1,343,082
CREDITORS
Amounts falling due within one year 7 (98,921 ) (278,092 )
NET CURRENT ASSETS 1,124,468 1,064,990
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,532,995

1,442,126

CREDITORS
Amounts falling due after more than one
year

8

(28,333

)

(38,333

)
NET ASSETS 1,504,662 1,403,793

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,504,562 1,403,693
SHAREHOLDERS' FUNDS 1,504,662 1,403,793

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

SKED CONSTRUCTION LIMITED (REGISTERED NUMBER: SC234160)

Balance Sheet - continued
31 July 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 23 April 2024 and were signed on its behalf by:





S Sked - Director


SKED CONSTRUCTION LIMITED (REGISTERED NUMBER: SC234160)

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

1. STATUTORY INFORMATION

Sked Construction Limited is a private company, limited by shares , registered in Scotland. 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.

Stocks
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 stocks to their present location and condition.

Basic financial instruments
Basic financial instruments, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost.

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.

SKED CONSTRUCTION LIMITED (REGISTERED NUMBER: SC234160)

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

2. ACCOUNTING POLICIES - continued

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 NIL (2022 - 6 ).

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2022 476,567 99,945 4,804 581,316
Additions 86,176 - 2,419 88,595
At 31 July 2023 562,743 99,945 7,223 669,911
DEPRECIATION
At 1 August 2022 334,480 77,888 3,437 415,805
Charge for year 45,653 5,514 757 51,924
At 31 July 2023 380,133 83,402 4,194 467,729
NET BOOK VALUE
At 31 July 2023 182,610 16,543 3,029 202,182
At 31 July 2022 142,087 22,057 1,367 165,511

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 August 2022 211,625
Disposals (5,280 )
At 31 July 2023 206,345
NET BOOK VALUE
At 31 July 2023 206,345
At 31 July 2022 211,625

SKED CONSTRUCTION LIMITED (REGISTERED NUMBER: SC234160)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 88,378 88,378
Other debtors 557,920 559,898
646,298 648,276

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 67,924 177,220
Taxation and social security 26,290 66,215
Other creditors 4,707 34,657
98,921 278,092

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 28,333 38,333