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REGISTERED NUMBER: 05581507 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

S & K Berry Associates Limited

S & K Berry Associates Limited (Registered number: 05581507)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


S & K Berry Associates Limited (Registered number: 05581507)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 693,163
Tangible assets 5 - 90,916
- 784,079

CURRENT ASSETS
Debtors 6 4,077 142,516
Cash at bank and in hand - 1,569,962
4,077 1,712,478
CREDITORS
Amounts falling due within one year 7 753 282,486
NET CURRENT ASSETS 3,324 1,429,992
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,324

2,214,071

PROVISIONS FOR LIABILITIES - 17,252
NET ASSETS 3,324 2,196,819

CAPITAL AND RESERVES
Called up share capital 102 101
Share premium 22,499 22,499
Retained earnings (19,277 ) 2,174,219
SHAREHOLDERS' FUNDS 3,324 2,196,819

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Berry Associates Limited (Registered number: 05581507)

Balance Sheet - continued
31 December 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 8 April 2024 and were signed on its behalf by:





S N Berry - Director


S & K Berry Associates Limited (Registered number: 05581507)

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

1. STATUTORY INFORMATION

S & K Berry Associates Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 05581507

Registered office: 5 Woodside Mews
Clayton Wood Close
Leeds
West Yorkshire
LS16 6QE

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Revenue from services provided are recognised when services are delivered and legal title passes.

Goodwill
Goodwill arising on acquisition of a business is carried at cost less accumulated amortisation and impairment losses, if any.

Amortisation in all cases of business acquisition is considered on a case by case basis and amortised over a period of no more than 20 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.
At each balance sheet date the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.


S & K Berry Associates Limited (Registered number: 05581507)

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

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Listed investment
Investments in listed shares are measured at fair value at each reporting date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 9 ).

S & K Berry Associates Limited (Registered number: 05581507)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023 1,555,521
Impairments (663,865 )
At 31 December 2023 891,656
AMORTISATION
At 1 January 2023 862,358
Amortisation for year 29,298
At 31 December 2023 891,656
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 693,163

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 63,003 166,259 62,130 291,392
Disposals (63,003 ) (166,259 ) (62,130 ) (291,392 )
At 31 December 2023 - - - -
DEPRECIATION
At 1 January 2023 48,846 100,015 51,615 200,476
Charge for year 590 2,760 579 3,929
Eliminated on disposal (49,436 ) (102,775 ) (52,194 ) (204,405 )
At 31 December 2023 - - - -
NET BOOK VALUE
At 31 December 2023 - - - -
At 31 December 2022 14,157 66,244 10,515 90,916

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors - 137,494
Amounts owed by group undertakings 4,077 -
Other debtors - 5,022
4,077 142,516

S & K Berry Associates Limited (Registered number: 05581507)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors - 1,085
Taxation and social security 752 222,673
Other creditors 1 58,728
753 282,486

8. RELATED PARTY DISCLOSURES

The directors provided an interest free loan to the company.

Amount due to related party as at 31st December 2023 was £0 and on 31st December 2022 the balance was £5,249.