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REGISTERED NUMBER: 09845061 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st October 2023

for

SK Parcels Ltd

SK Parcels Ltd (Registered number: 09845061)






Contents of the Financial Statements
for the Year Ended 31st October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 6

SK Parcels Ltd

Company Information
for the Year Ended 31st October 2023







DIRECTOR: S D R King





REGISTERED OFFICE: 1 Sopwith Crescent
Wickford
Essex
SS11 8YU





REGISTERED NUMBER: 09845061 (England and Wales)





ACCOUNTANTS: Sygma Chartered Accountants
1 Sopwith Crescent
Wickford
Essex
SS11 8YU

SK Parcels Ltd (Registered number: 09845061)

Balance Sheet
31st October 2023

31/10/23 31/10/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,785 23,276

CURRENT ASSETS
Debtors 5 17,975 10,679
Cash at bank 4,360 15,382
22,335 26,061
CREDITORS
Amounts falling due within one year 6 41,288 35,158
NET CURRENT LIABILITIES (18,953 ) (9,097 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

832

14,179

CREDITORS
Amounts falling due after more than
one year

7

-

4,063
NET ASSETS 832 10,116

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 732 10,016
SHAREHOLDERS' FUNDS 832 10,116

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2023 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 Parcels Ltd (Registered number: 09845061)

Balance Sheet - continued
31st October 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 director and authorised for issue on 18th October 2024 and were signed by:





S D R King - Director


SK Parcels Ltd (Registered number: 09845061)

Notes to the Financial Statements
for the Year Ended 31st October 2023

1. STATUTORY INFORMATION

SK Parcels Ltd 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.

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 - 25% on 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

SK Parcels Ltd (Registered number: 09845061)

Notes to the Financial Statements - continued
for the Year Ended 31st October 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st November 2022
and 31st October 2023 50,527
DEPRECIATION
At 1st November 2022 27,251
Charge for year 3,491
At 31st October 2023 30,742
NET BOOK VALUE
At 31st October 2023 19,785
At 31st October 2022 23,276

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 31/10/22
£    £   
Trade debtors - 9,679
Other debtors 17,975 1,000
17,975 10,679

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 31/10/22
£    £   
Hire purchase contracts 4,063 5,353
Trade creditors 2,404 695
Taxation and social security 34,821 28,103
Other creditors - 1,007
41,288 35,158

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31/10/23 31/10/22
£    £   
Hire purchase contracts - 4,063

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
SK Parcels Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of SK Parcels Ltd for the year ended 31st October 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of SK Parcels Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of SK Parcels Ltd and state those matters that we have agreed to state to the director of SK Parcels Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SK Parcels Ltd and its director for our work or for this report.

It is your duty to ensure that SK Parcels Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of SK Parcels Ltd. You consider that SK Parcels Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of SK Parcels Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Sygma Chartered Accountants
1 Sopwith Crescent
Wickford
Essex
SS11 8YU


18th October 2024