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REGISTERED NUMBER: SC681587 (Scotland)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

SK CPM LTD

SK CPM LTD (Registered number: SC681587)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SK CPM LTD

Company Information
for the Year Ended 30 November 2023







DIRECTOR: Mrs S I Kirk





REGISTERED OFFICE: The Croft Waitside
Waitside
Castletown
Thurso
KW14 8SL





REGISTERED NUMBER: SC681587 (Scotland)





ACCOUNTANTS: Reid & Fraser
Chartered Accountants
15 Princes Street
Thurso
Caithness
KW14 7BQ

SK CPM LTD (Registered number: SC681587)

Balance Sheet
30 November 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 10,781 8,853

CURRENT ASSETS
Cash at bank 7,718 545

CREDITORS
Amounts falling due within one year 5 (13,617 ) (7,015 )
NET CURRENT LIABILITIES (5,899 ) (6,470 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,882

2,383

PROVISIONS FOR LIABILITIES (2,048 ) (1,682 )
NET ASSETS 2,834 701

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 2,830 697
SHAREHOLDERS' FUNDS 2,834 701

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 director and authorised for issue on 8 August 2024 and were signed by:





Mrs S I Kirk - Director


SK CPM LTD (Registered number: SC681587)

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

1. STATUTORY INFORMATION

SK CPM LTD is a private company, limited by shares , registered in Scotland. 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.
Plant and machinery etc - 15% reducing balance

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
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 2 (2022 - 1 ) .

SK CPM LTD (Registered number: SC681587)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 10,416
Additions 3,831
At 30 November 2023 14,247
DEPRECIATION
At 1 December 2022 1,563
Charge for year 1,903
At 30 November 2023 3,466
NET BOOK VALUE
At 30 November 2023 10,781
At 30 November 2022 8,853

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 661 660
Taxation and social security 523 44
Other creditors 12,433 6,311
13,617 7,015

6. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

2023 2022
£    £   
Mrs S I Kirk
Balance outstanding at start of year - 1,505
Amounts repaid - (1,505 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

7. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs S I Kirk.