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REGISTERED NUMBER: 07527420 (England and Wales)












Unaudited Financial Statements

for the Year Ended 28 February 2024

for

SKCG Electrical Ltd

SKCG Electrical Ltd (Registered number: 07527420)






Contents of the Financial Statements
for the Year Ended 28 February 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


SKCG Electrical Ltd

Company Information
for the Year Ended 28 February 2024







DIRECTOR: K G Bartlett





REGISTERED OFFICE: Spectrum House
2B Suttons Lane
Hornchurch
Essex
RM12 6RJ





REGISTERED NUMBER: 07527420 (England and Wales)





ACCOUNTANTS: Johal & Company
Chartered Certified Accountants
& Registered Auditors
Spectrum House
2B Suttons Lane
Hornchurch
Essex
RM12 6RJ

SKCG Electrical Ltd (Registered number: 07527420)

Statement of Financial Position
28 February 2024

28.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 91,766 27,033
Investments 5 80,000 80,000
171,766 107,033

CURRENT ASSETS
Debtors 6 435,137 199,181
Cash at bank and in hand 104,223 144,590
539,360 343,771
CREDITORS
Amounts falling due within one year 7 402,778 174,664
NET CURRENT ASSETS 136,582 169,107
TOTAL ASSETS LESS CURRENT
LIABILITIES

308,348

276,140

CREDITORS
Amounts falling due after more than one year 8 (67,283 ) -

ACCRUALS AND DEFERRED INCOME (1,200 ) (1,200 )
NET ASSETS 239,865 274,940

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 239,863 274,938
SHAREHOLDERS' FUNDS 239,865 274,940

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

SKCG Electrical Ltd (Registered number: 07527420)

Statement of Financial Position - continued
28 February 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 10 October 2024 and were signed by:





K G Bartlett - Director


SKCG Electrical Ltd (Registered number: 07527420)

Notes to the Financial Statements
for the Year Ended 28 February 2024

1. STATUTORY INFORMATION

SKCG Electrical 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.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

SKCG Electrical Ltd (Registered number: 07527420)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2024

2. ACCOUNTING POLICIES - continued

Implications of covid-19 on our operations
Management has considered the consequences of COVID-19 and other events and conditions, and it has determined that they do not create a material uncertainty that casts significant doubt upon the entity's ability to continue as a going concern.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 March 2023 40,714 46,545 87,259
Additions - 73,803 73,803
At 28 February 2024 40,714 120,348 161,062
DEPRECIATION
At 1 March 2023 24,029 36,197 60,226
Charge for year 2,171 6,899 9,070
At 28 February 2024 26,200 43,096 69,296
NET BOOK VALUE
At 28 February 2024 14,514 77,252 91,766
At 28 February 2023 16,685 10,348 27,033

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 March 2023
and 28 February 2024 80,000
NET BOOK VALUE
At 28 February 2024 80,000
At 28 February 2023 80,000

SKCG Electrical Ltd (Registered number: 07527420)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.24 28.2.23
£    £   
Trade debtors 264,469 157,414
Other debtors 170,668 41,767
435,137 199,181

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.24 28.2.23
£    £   
Trade creditors 355,013 98,214
Taxation and social security 23,238 30,500
Other creditors 24,527 45,950
402,778 174,664

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.24 28.2.23
£    £   
Hire purchase contracts 67,283 -