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REGISTERED NUMBER: 07073942 (England and Wales)









Unaudited Financial Statements

for the Year Ended 30 November 2023

for

S.K.D. Electrical Contractors UK Limited

S.K.D. Electrical Contractors UK Limited (Registered number: 07073942)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


S.K.D. Electrical Contractors UK Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: Mr D Atkinson
Mrs K Atkinson





REGISTERED OFFICE: Unit L
Radford Business Centre
Radford Way
Billericay
Essex
CM12 0BZ





REGISTERED NUMBER: 07073942 (England and Wales)






S.K.D. Electrical Contractors UK Limited (Registered number: 07073942)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 15,630 17,583
15,630 17,583

CURRENT ASSETS
Stocks 27,064 19,346
Debtors 6 343,443 229,392
Cash at bank and in hand 556,107 304,616
926,614 553,354
CREDITORS
Amounts falling due within one year 7 340,623 147,686
NET CURRENT ASSETS 585,991 405,668
TOTAL ASSETS LESS CURRENT LIABILITIES 601,621 423,251

CREDITORS
Amounts falling due after more than one
year

8

(3,245

)

(8,112

)

PROVISIONS FOR LIABILITIES (3,878 ) (3,311 )
NET ASSETS 594,498 411,828

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 594,398 411,728
SHAREHOLDERS' FUNDS 594,498 411,828

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 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.D. Electrical Contractors UK Limited (Registered number: 07073942)

Balance Sheet - continued
30 November 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 20 May 2024 and were signed on its behalf by:





Mr D Atkinson - Director


S.K.D. Electrical Contractors UK Limited (Registered number: 07073942)

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

1. STATUTORY INFORMATION

S.K.D. Electrical Contractors UK Limited 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of four 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 20% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


S.K.D. Electrical Contractors UK Limited (Registered number: 07073942)

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

2. ACCOUNTING POLICIES - continued
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.

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 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 11,000
AMORTISATION
At 1 December 2022
and 30 November 2023 11,000
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 -

S.K.D. Electrical Contractors UK Limited (Registered number: 07073942)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 55,474
Additions 1,958
At 30 November 2023 57,432
DEPRECIATION
At 1 December 2022 37,891
Charge for year 3,911
At 30 November 2023 41,802
NET BOOK VALUE
At 30 November 2023 15,630
At 30 November 2022 17,583

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 December 2022
and 30 November 2023 22,112
DEPRECIATION
At 1 December 2022
and 30 November 2023 4,422
NET BOOK VALUE
At 30 November 2023 17,690
At 30 November 2022 17,690

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 341,606 227,795
Other debtors 1,837 1,597
343,443 229,392

S.K.D. Electrical Contractors UK Limited (Registered number: 07073942)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Hire purchase contracts 4,867 4,867
Trade creditors 2 31,518
Taxation and social security 209,532 77,241
Other creditors 126,222 34,060
340,623 147,686

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.23 30.11.22
£    £   
Hire purchase contracts 3,245 8,112