S. K. FASHIONS LIMITED

Company Registration Number:
07263819 (England and Wales)

Unaudited statutory accounts for the year ended 30 November 2023

Period of accounts

Start date: 01 December 2022

End date: 30 November 2023

S. K. FASHIONS LIMITED

Contents of the Financial Statements

for the Period Ended 30 November 2023

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

S. K. FASHIONS LIMITED

Company Information

for the Period Ended 30 November 2023




Director: Anil Kakkar
Registered office: Unit 5 & 6, 259 - 261, Mili'S Mall
Northolt Road
Harrow
England
HA2 8HS
Company Registration Number: 07263819 (England and Wales)

S. K. FASHIONS LIMITED

Directors' Report Period Ended 30 November 2023

The directors present their report with the financial statements of the company for the period ended 30 November 2023

Principal Activities

Retail sale via stalls and markets of other goods.

Directors

The directors shown below have held office during the whole of the period from 01 December 2022 to 30 November 2023
Anil Kakkar

This report was approved by the board of directors on 29 August 2024
And Signed On Behalf Of The Board By:

Name: Anil Kakkar
Status: Director

S. K. FASHIONS LIMITED

Profit and Loss Account

for the Period Ended 30 November 2023


Notes

2023
£

2022
£
Turnover 82,508 107,495
Cost of sales ( 46,301 ) ( 37,023 )
Gross Profit or (Loss) 36,207 70,472
Distribution Costs ( 9,079 ) ( 6,950 )
Administrative Expenses ( 53,531 ) ( 55,008 )
Operating Profit or (Loss) ( 26,403 ) 8,514
Interest Payable and Similar Charges ( 560 ) -
Profit or (Loss) Before Tax ( 26,963 ) 8,514
Tax on Profit - ( 1,626 )
Profit or (Loss) for Period ( 26,963 ) 6,888

The notes form part of these financial statements

S. K. FASHIONS LIMITED

Balance sheet

As at 30 November 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 4 98 131
Total fixed assets: 98 131
Current assets
Stocks: 8,445 36,404
Cash at bank and in hand: 282 780
Total current assets: 8,727 37,184
Creditors: amounts falling due within one year: 5 ( 22,223 ) ( 21,527 )
Net current assets (liabilities): ( 13,496 ) 15,657
Total assets less current liabilities: ( 13,398 ) 15,788
Creditors: amounts falling due after more than one year: 6 ( 13,158 ) ( 15,380 )
Total net assets (liabilities): ( 26,556 ) 408

The notes form part of these financial statements

S. K. FASHIONS LIMITED

Balance sheet continued

As at 30 November 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 1 1
Profit and loss account: ( 26,557 ) 407
Shareholders funds: ( 26,556 ) 408

For the year ending 30 November 2023 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 29 August 2024
And Signed On Behalf Of The Board By:

Name: Anil Kakkar
Status: Director

The notes form part of these financial statements

S. K. FASHIONS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts
    and value added taxes. Turnover includes revenue earned from the sale of goods and from the
    rendering of services. Turnover from the sale of goods is recognised when the significant risks
    and rewards of ownership of the goods have transferred to the buyer. 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 depreciation policy

    Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative
    impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land,
    at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its
    expected useful life, as follows:

    Equipment, Fixtures & fittings: 25% Reducing balance

    Motor Vehicles: 25% Reducing balance

S. K. FASHIONS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 2 2

S. K. FASHIONS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 3. Off balance sheet disclosure

    No

S. K. FASHIONS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

4. Tangible assets

Office equipment Total
Cost £ £
At 01 December 2022 250 250
Additions - -
Disposals - -
Revaluations - -
Transfers - -
At 30 November 2023 250 250
Depreciation
At 01 December 2022 119 119
Charge for year 33 33
On disposals - -
Other adjustments - -
At 30 November 2023 152 152
Net book value
At 30 November 2023 98 98
At 30 November 2022 131 131

S. K. FASHIONS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

5.Creditors: amounts falling due within one year note


2023
£

2022
£
Other creditors 22,223 21,527
Total 22,223 21,527

S. K. FASHIONS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

6.Creditors: amounts falling due after more than one year


2023
£

2022
£
Bank loans and overdrafts 13,158 15,380
Total 13,158 15,380