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REGISTERED NUMBER: 09342312 (England and Wales)










Unaudited Financial Statements

for the Year Ended 30 November 2023

for

SKSi Limited

SKSi Limited (Registered number: 09342312)






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


SKSi Limited

Company Information
for the Year Ended 30 November 2023







DIRECTOR: S K Swarup





REGISTERED OFFICE: 3 Sheen Road
Richmond upon Thames
Surrey
TW9 1AD





REGISTERED NUMBER: 09342312 (England and Wales)





ACCOUNTANTS: SKS Business Services Ltd
3 Sheen Road
Richmond Upon Thames
Surrey
TW9 1AD

SKSi Limited (Registered number: 09342312)

Balance Sheet
30 November 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 - 403,288
Tangible assets 5 2,962 3,950
Investments 6 479,811 479,811
482,773 887,049

CURRENT ASSETS
Work in progress - 989,772
Debtors 7 316,353 331,318
Cash at bank 17,109 36,672
333,462 1,357,762
CREDITORS
Amounts falling due within one year 8 (127,124 ) (1,872,288 )
NET CURRENT ASSETS/(LIABILITIES) 206,338 (514,526 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

689,111

372,523

CREDITORS
Amounts falling due after more than one year 9 (173,911 ) (173,625 )

PROVISIONS FOR LIABILITIES (1,146 ) (688 )
NET ASSETS 514,054 198,210

SKSi Limited (Registered number: 09342312)

Balance Sheet - continued
30 November 2023

2023 2022
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 10 1,277 1,277
Retained earnings 512,777 196,933
SHAREHOLDERS' FUNDS 514,054 198,210

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 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.

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 18 October 2024 and were signed by:





S K Swarup - Director


SKSi Limited (Registered number: 09342312)

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

1. STATEMENT OF COMPLIANCE

The ultimate parent of the Company is SKS Business Services Ltd (“Group”) which falls within the qualifying conditions under s475 to require an audit. The Company is eligible for exemption from audit under s479A-S479C of the Companies Act 2006. The Group has provided the necessary guarantees to meet the conditions for claiming audit exemption. The directors undertake to re-file the financial statements in case there are audit adjustments required.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
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 0, is being amortised evenly over its estimated useful life of nil 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.

INVESTMENTS IN SUBSIDIARIES
Investments in subsidiary undertakings are recognised at cost.

STOCKS
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing work in progress 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.


SKSi Limited (Registered number: 09342312)

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
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 17 ).

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022 403,288
Impairments (403,288 )
At 30 November 2023 -
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 403,288

SKSi Limited (Registered number: 09342312)

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
and 30 November 2023 8,526
DEPRECIATION
At 1 December 2022 4,576
Charge for year 988
At 30 November 2023 5,564
NET BOOK VALUE
At 30 November 2023 2,962
At 30 November 2022 3,950

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 December 2022
and 30 November 2023 479,811
NET BOOK VALUE
At 30 November 2023 479,811
At 30 November 2022 479,811

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,479 5,079
Amounts owed by group undertakings 221,800 -
Other debtors 92,074 326,239
316,353 331,318

SKSi Limited (Registered number: 09342312)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 21,737 24,561
Amounts owed to group undertakings - 1,658,131
Taxation and social security 20,278 179,482
Other creditors 85,109 10,114
127,124 1,872,288

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Finance leases 600 314
Other creditors 173,311 173,311
173,911 173,625

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,177 Ordinary A 1 1,177 1,177
15 Ordinary B 1 15 15
85 Ordinary C 1 85 85
1,277 1,277

11. ULTIMATE CONTROLLING PARTY

The controlling party is SKS (TN-RH) Limited.

The company is being controlled by Mr. Sanjay Swarup, director of the company, by virtue of his holding 51%
of the issued capital of parent company SKS Holdings Limited which is controlling entity of SKS
(TN-RH) Limited.