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REGISTERED NUMBER: 10643177 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

FOR

SKY SILK (UK) LIMITED

SKY SILK (UK) LIMITED (REGISTERED NUMBER: 10643177)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 5


SKY SILK (UK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: M S Grover
S S Nagpal
S Singh





REGISTERED OFFICE: 1st Floor, 44-50 The Broadway
Southall
Middlesex
UB1 1QB





REGISTERED NUMBER: 10643177 (England and Wales)





ACCOUNTANTS: Param & Company Ltd
1st Floor
44 - 50 The Broadway
Southall
Middlesex
UB1 1QB

SKY SILK (UK) LIMITED (REGISTERED NUMBER: 10643177)

ABRIDGED BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,129,272 4,116,095

CURRENT ASSETS
Debtors 82,481 106,516
Prepayments and accrued income 22,750 24,375
Cash at bank 76,134 75,929
181,365 206,820
CREDITORS
Amounts falling due within one year 1,716,973 1,727,999
NET CURRENT LIABILITIES (1,535,608 ) (1,521,179 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,593,664

2,594,916

CREDITORS
Amounts falling due after more than one year 2,054,379 2,167,944
NET ASSETS 539,285 426,972

CAPITAL AND RESERVES
Called up share capital 5,000 5,000
Retained earnings 534,285 421,972
539,285 426,972

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.

SKY SILK (UK) LIMITED (REGISTERED NUMBER: 10643177)

ABRIDGED 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 July 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

SKY SILK (UK) LIMITED (REGISTERED NUMBER: 10643177)

ABRIDGED BALANCE SHEET - continued
31 JULY 2023



The financial statements were approved by the Board of Directors and authorised for issue on 26 February 2024 and were signed on its behalf by:





S Singh - Director


SKY SILK (UK) LIMITED (REGISTERED NUMBER: 10643177)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

Sky Silk (Uk) Limited 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.
Freehold property - 2% on cost
Plant and machinery - 20% Straight line
Fixtures and fittings - 15% Straight line on 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.

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 - NIL).

SKY SILK (UK) LIMITED (REGISTERED NUMBER: 10643177)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2022 4,336,349
Additions 68,668
At 31 July 2023 4,405,017
DEPRECIATION
At 1 August 2022 220,254
Charge for year 55,491
At 31 July 2023 275,745
NET BOOK VALUE
At 31 July 2023 4,129,272
At 31 July 2022 4,116,095