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Registered Number: 13545983
England and Wales

 

 

 

SKVP READING LTD


Abridged Accounts
 


Period of accounts

Start date: 01 October 2023

End date: 31 March 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Intangible fixed assets 3   1,196 
Tangible fixed assets 4 160,207    168,299 
160,207    169,495 
Current assets      
Stocks 6,852    7,572 
Debtors 24,114    20,226 
Cash at bank and in hand 39,730    29,077 
70,696    56,875 
Creditors: amount falling due within one year (53,529)   (43,370)
Net current assets 17,167    13,505 
 
Total assets less current liabilities 177,374    183,000 
Creditors: amount falling due after more than one year (150,000)   (150,000)
Provisions for liabilities (179)  
Net assets 27,195    33,000 
 

Capital and reserves
     
Called up share capital 5 100    100 
Profit and loss account 27,095    32,900 
Shareholders' funds 27,195    33,000 
 


For the period ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 26 December 2024 and were signed on its behalf by:


-------------------------------
Subodh Ramesh Joshi
Director
1
General Information
SKVP READING LTD is a private company, limited by shares, registered in England and Wales, registration number 13545983, registration address Office Gold, Building 3, Chiswick Park, 566 Chiswick High Road, London, W4 5YA.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Group accounts
The company is a parent company subject to the small companies regime. The company and its subsidiary comprise a small group. The company has, therefore, taken advantage of the option provided by section 398 of the Companies Act 2006 not to prepare group accounts.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Research and development expenditure
Research and development expenditure is charged to the income statement in the period in which it is incurred.
Preference dividends
Where preference shares are classed as liabilities rather than equity any preference dividends paid are included in interest payable and similar charges within the income statement.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Software License
Software License is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the Software License of 3 years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 5 Straight Line
Fixtures and Fittings 8 Straight Line
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the period was 16 (2023 : 15).
3.

Intangible fixed assets

Cost Software License   Total
  £   £
At 01 October 2023 3,587    3,587 
Additions  
Disposals  
At 31 March 2024 3,587    3,587 
Amortisation
At 01 October 2023 2,391    2,391 
Charge for period 1,196    1,196 
On disposals  
At 31 March 2024 3,587    3,587 
Net book values
At 31 March 2024  
At 30 September 2023 1,196    1,196 


4.

Tangible fixed assets

Cost or valuation Plant and Machinery   Fixtures and Fittings   Total
  £   £   £
At 01 October 2023 35,068    171,807    206,875 
Additions   3,600    3,600 
Disposals    
At 31 March 2024 35,068    175,407    210,475 
Depreciation
At 01 October 2023 9,765    28,811    38,576 
Charge for period 2,530    9,162    11,692 
On disposals    
At 31 March 2024 12,295    37,973    50,268 
Net book values
Closing balance as at 31 March 2024 22,773    137,434    160,207 
Opening balance as at 01 October 2023 25,303    142,996    168,299 


5.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
100 Ordinary shares of £1.00 each 100    100 
100    100 

2