Registered number
10179254
SKL ASBESTOS REMOVAL CONTRACTS LTD
Filleted Accounts
31 May 2024
SKL ASBESTOS REMOVAL CONTRACTS LTD
Registered number: 10179254
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 38,994 52,341
Current assets
Debtors 4 35,911 38,573
Cash at bank and in hand 57,162 1,574
93,073 40,147
Creditors: amounts falling due within one year 5 (63,345) (55,598)
Net current assets/(liabilities) 29,728 (15,451)
Total assets less current liabilities 68,722 36,890
Creditors: amounts falling due after more than one year 6 (5,554) (10,633)
Net assets 63,168 26,257
Capital and reserves
Called up share capital 2 2
Profit and loss account 63,166 26,255
Shareholder's funds 63,168 26,257
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Stephen White
Director
Approved by the board on 22 January 2025
SKL ASBESTOS REMOVAL CONTRACTS LTD
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance method
Fixtures, fittings, tools and equipment 25% straight line method
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Current tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Equipment, fixture and fittings Total
£ £ £
Cost
At 1 June 2023 94,278 4,667 98,945
At 31 May 2024 94,278 4,667 98,945
Depreciation
At 1 June 2023 42,286 4,318 46,604
Charge for the year 12,998 349 13,347
At 31 May 2024 55,284 4,667 59,951
Net book value
At 31 May 2024 38,994 - 38,994
At 31 May 2023 51,992 349 52,341
4 Debtors 2024 2023
£ £
Trade debtors 1,836 780
Other debtors 34,075 37,793
35,911 38,573
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 5,318 5,605
Taxation and social security costs 25,514 4,914
Other creditors 11,654 11,510
Directors Current Account 20,859 33,569
63,345 55,598
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 5,554 10,633
7 Other information
SKL ASBESTOS REMOVAL CONTRACTS LTD is a private company limited by shares and incorporated in England. Its registered office is:
373 Daws Heath Road
Benfleet
Essex
United Kingdom
SS7 2UA
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