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Company Registration No. 10604648 (England and Wales)
SK Gym Group Limited Unaudited accounts for the year ended 31 October 2023
SK Gym Group Limited Unaudited accounts Contents
Page
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SK Gym Group Limited Company Information for the year ended 31 October 2023
Director
Mr Sanjay Batra
Company Number
10604648 (England and Wales)
Registered Office
Falconridge Gables Park Gravesend Road, Wrotham Sevenoaks Kent TN15 7QD United Kingdom
Accountants
Harrison Bernstein Ltd 10 Harmer Street Gravesend Kent DA12 2AX
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SK Gym Group Limited Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Debtors
82,903 
70,948 
Cash at bank and in hand
1,190 
1,795 
84,093 
72,743 
Creditors: amounts falling due within one year
(128,831)
(135,376)
Net current liabilities
(44,738)
(62,633)
Total assets less current liabilities
(44,738)
(62,633)
Creditors: amounts falling due after more than one year
(107,229)
(155,153)
Net liabilities
(151,967)
(217,786)
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
(151,977)
(217,796)
Shareholders' funds
(151,967)
(217,786)
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.
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 14 June 2024 and were signed on its behalf by
Mr Sanjay Batra Director Company Registration No. 10604648
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SK Gym Group Limited Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
SK Gym Group Limited is a private company, limited by shares, registered in England and Wales, registration number 10604648. The registered office is Falconridge Gables Park, Gravesend Road, Wrotham, Sevenoaks, Kent, TN15 7QD, 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.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
105 
Trade debtors
80,703 
68,643 
Amounts due from group undertakings etc.
2,200 
2,200 
82,903 
70,948 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
47,593 
57,698 
VAT
4,258 
1,511 
Taxes and social security
1,939 
1,126 
Loans from directors
74,491 
74,491 
Accruals
550 
550 
128,831 
135,376 
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SK Gym Group Limited Notes to the Accounts for the year ended 31 October 2023
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Amounts owed to group undertakings and other participating interests
107,229 
155,153 
7
Transactions with related parties
Enkay Investments Limited - Holding Company Amount due to the related party - £107,228.79 - (LY: (£155,153) Essar Investments Limited - Subsidiary of the same holding company Amount due from the related party - £2,200 - (LY: £2,200)
8
Controlling party
The company's ultimate controlling party is Enkay Investments Limited by virtue of their ownership of 100% of the issued share capital in the company
9
Average number of employees
During the year the average number of employees was 7 (2022: 4).
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