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Company Registration No. 07809378 (England and Wales)
S.K Optical Limited Unaudited accounts for the year ended 31 October 2023
S.K Optical Limited Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,050 
600 
Investments
40,000 
40,000 
44,050 
40,600 
Current assets
Debtors
363 
- 
Cash at bank and in hand
6,878 
16,826 
7,241 
16,826 
Creditors: amounts falling due within one year
(7,577)
(8,044)
Net current (liabilities)/assets
(336)
8,782 
Total assets less current liabilities
43,714 
49,382 
Creditors: amounts falling due after more than one year
(30,596)
(34,368)
Net assets
13,118 
15,014 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
13,108 
15,004 
Shareholders' funds
13,118 
15,014 
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 July 2024 and were signed on its behalf by
Mr Sakib Khan Director Company Registration No. 07809378
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S.K Optical Limited Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
S.K Optical Limited is a private company, limited by shares, registered in England and Wales, registration number 07809378. The registered office is J O Hunter House, 409 Bradford Road, Huddersfield, HD2 2RB, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on cost
Computer equipment
25% on cost
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 November 2022
6,300 
Additions
5,000 
At 31 October 2023
11,300 
Depreciation
At 1 November 2022
5,700 
Charge for the year
1,550 
At 31 October 2023
7,250 
Net book value
At 31 October 2023
4,050 
At 31 October 2022
600 
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S.K Optical Limited Notes to the Accounts for the year ended 31 October 2023
5
Average number of employees
During the year the average number of employees was 0 (2022: 0).
- 4 -