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REGISTERED NUMBER: 11137656 (England and Wales)















Financial Statements for the Year Ended 31st May 2024

for

SK UNIFORM LIMITED

SK UNIFORM LIMITED (Registered number: 11137656)

Contents of the Financial Statements
for the Year Ended 31st May 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SK UNIFORM LIMITED

Company Information
for the Year Ended 31st May 2024







DIRECTOR: G Singh





SECRETARY:





REGISTERED OFFICE: 44 CHARTWELL
TAMWORTH
Staffordshire
B79 7UG





REGISTERED NUMBER: 11137656 (England and Wales)





ACCOUNTANT: A K & Co Accountants
732 Walsall Road
Great Barr
Birmingham
West Midlands
B42 1EX

SK UNIFORM LIMITED (Registered number: 11137656)

Balance Sheet
31st May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 20,826 26,591

CURRENT ASSETS
Inventories 5 10,779 9,188
Debtors 6 2,745 -
Cash at bank and in hand 11,026 21,530
24,550 30,718
CREDITORS
Amounts falling due within one year 7 18,231 16,508
NET CURRENT ASSETS 6,319 14,210
TOTAL ASSETS LESS CURRENT LIABILITIES 27,145 40,801

CREDITORS
Amounts falling due after more than one
year

8

21,668

31,112
NET ASSETS 5,477 9,689

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 10 5,476 9,688
SHAREHOLDERS' FUNDS 5,477 9,689

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

SK UNIFORM LIMITED (Registered number: 11137656)

Balance Sheet - continued
31st May 2024


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 31st July 2024 and were signed by:





G Singh - Director


SK UNIFORM LIMITED (Registered number: 11137656)

Notes to the Financial Statements
for the Year Ended 31st May 2024


1. STATUTORY INFORMATION

SK UNIFORM 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
Revenue 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.

Fixtures and fittings 15% pa on reducing balance

Motor vehicles 25% pa on reducing balance

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

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.

SK UNIFORM LIMITED (Registered number: 11137656)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 1 ).

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1st June 2023
and 31st May 2024 28,330 17,000 45,330
DEPRECIATION
At 1st June 2023 9,709 9,030 18,739
Charge for year 3,109 2,656 5,765
At 31st May 2024 12,818 11,686 24,504
NET BOOK VALUE
At 31st May 2024 15,512 5,314 20,826
At 31st May 2023 18,621 7,970 26,591

5. INVENTORIES
31.5.24 31.5.23
£    £   
Stocks 10,779 9,188

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 2,745 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 15,490 13,889
Social security and other taxes 454 332
Directors' current accounts 1,037 1,037
Accrued expenses 1,250 1,250
18,231 16,508

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.24 31.5.23
£    £   
Other loans - 2-5 years 21,668 31,112

SK UNIFORM LIMITED (Registered number: 11137656)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2024


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
1 ORDINARY SHARE CAPITAL £1 1 1

1 ORDINARY SHARE CAPITAL share of £1 was allotted and fully paid for cash at par during the year.

10. RESERVES
Retained
earnings
£   

At 1st June 2023 9,688
Deficit for the year (4,212 )
At 31st May 2024 5,476