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REGISTERED NUMBER: 12635323 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

SKS Professional Consultants Limited

SKS Professional Consultants Limited (Registered number: 12635323)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SKS Professional Consultants Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: Mr Stephen Summers





REGISTERED OFFICE: 188 Liscard Road
Wallasey
Wirral
Merseyside
CH44 5TN





REGISTERED NUMBER: 12635323 (England and Wales)





ACCOUNTANTS: LJS Accounting Services (UK) Ltd
Unit 5, 1st Floor
Connect Business Village
24 Derby Road
Liverpool
Merseyside
L5 9PR

SKS Professional Consultants Limited (Registered number: 12635323)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,592 255

CURRENT ASSETS
Debtors 5 234 247
Cash at bank 53,433 44,499
53,667 44,746
CREDITORS
Amounts falling due within one year 6 29,850 18,322
NET CURRENT ASSETS 23,817 26,424
TOTAL ASSETS LESS CURRENT
LIABILITIES

26,409

26,679

PROVISIONS FOR LIABILITIES 7 535 48
NET ASSETS 25,874 26,631

CAPITAL AND RESERVES
Called up share capital 8 10 10
Retained earnings 9 25,864 26,621
SHAREHOLDERS' FUNDS 25,874 26,631

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

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 26 February 2025 and were signed by:



Mr Stephen Summers - Director


SKS Professional Consultants Limited (Registered number: 12635323)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

SKS Professional Consultants Limited 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.
Computer equipment - 20% 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 (2023 - 1 ) .

SKS Professional Consultants Limited (Registered number: 12635323)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 June 2023 - 399 399
Additions 3,000 - 3,000
At 31 May 2024 3,000 399 3,399
DEPRECIATION
At 1 June 2023 - 144 144
Charge for year 600 63 663
At 31 May 2024 600 207 807
NET BOOK VALUE
At 31 May 2024 2,400 192 2,592
At 31 May 2023 - 255 255

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
VAT 85 -
Prepayments 149 247
234 247

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Tax 22,964 12,972
Social security and other taxes 109 113
VAT - 5,033
Directors' current accounts 6,777 204
29,850 18,322

7. PROVISIONS FOR LIABILITIES
31.5.24 31.5.23
£    £   
Deferred tax 535 48

Deferred
tax
£   
Balance at 1 June 2023 48
Provided during year 487
Balance at 31 May 2024 535

SKS Professional Consultants Limited (Registered number: 12635323)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
10 Ordinary £1 10 10

9. RESERVES
Retained
earnings
£   

At 1 June 2023 26,621
Profit for the year 42,243
Dividends (43,000 )
At 31 May 2024 25,864