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REGISTERED NUMBER: 07379030 (England and Wales)















Financial Statements for the Year Ended 30 September 2023

for

S. K. Aithal Ltd

S. K. Aithal Ltd (Registered number: 07379030)

Contents of the Financial Statements
for the Year Ended 30 September 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


S. K. Aithal Ltd

Company Information
for the Year Ended 30 September 2023







DIRECTORS: S K Aithal
M D S Aithal





REGISTERED OFFICE: Suites 5 & 6 The Printworks
Hey Road
Barrow
Clitheroe
Lancashire
BB7 9WB





REGISTERED NUMBER: 07379030 (England and Wales)





ACCOUNTANTS: Bennett Kirkhope Smith
Chartered Certified Accountants
Suites 5 & 6 The Printworks
Hey Road
Barrow
Clitheroe
Lancashire
BB7 9WB

S. K. Aithal Ltd (Registered number: 07379030)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 831 1,247

CURRENT ASSETS
Debtors 5 664 6,105
Cash at bank 30,942 25,430
31,606 31,535
CREDITORS
Amounts falling due within one year 6 31,662 32,176
NET CURRENT LIABILITIES (56 ) (641 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

775

606

CAPITAL AND RESERVES
Called up share capital 7 300 300
Retained earnings 475 306
SHAREHOLDERS' FUNDS 775 606

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

S. K. Aithal Ltd (Registered number: 07379030)

Balance Sheet - continued
30 September 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 February 2024 and were signed on its behalf by:




S K Aithal - Director



M D S Aithal - Director


S. K. Aithal Ltd (Registered number: 07379030)

Notes to the Financial Statements
for the Year Ended 30 September 2023


1. STATUTORY INFORMATION

S. K. Aithal 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.
Computer equipment - 33% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

S. K. Aithal Ltd (Registered number: 07379030)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 October 2022
and 30 September 2023 4,126
DEPRECIATION
At 1 October 2022 2,879
Charge for year 416
At 30 September 2023 3,295
NET BOOK VALUE
At 30 September 2023 831
At 30 September 2022 1,247

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 664 6,105

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Corporation tax 606 30
Directors' current accounts 28,833 29,938
Accrued expenses 2,223 2,208
31,662 32,176

S. K. Aithal Ltd (Registered number: 07379030)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023


7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.23 30.9.22
value: £    £   
100 Ordinary £1 100 100
100 A Ordinary £1 100 100
100 B Ordinary £1 100 100
300 300

8. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party but S K & D Aithal acting in concert control the company by virtue of their 100% shareholding in the company.