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REGISTERED NUMBER: 06222413 (England and Wales)
















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

S.A.K. INDUSTRIAL CLEANING LIMITED

S.A.K. INDUSTRIAL CLEANING LIMITED (REGISTERED NUMBER: 06222413)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


S.A.K. INDUSTRIAL CLEANING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Mr S Cawkwell
Mrs R J Cawkwell
Mr A S Cawkwell





REGISTERED OFFICE: The Forge
Padmoor Lane
Upton
GAINSBOROUGH
Lincolnshire
DN21 5NH





REGISTERED NUMBER: 06222413 (England and Wales)





ACCOUNTANTS: Shucksmith Accountants (Gainsborough) Limited
94-96 Oswald Road
SCUNTHORPE
North Lincolnshire
DN15 7PA

S.A.K. INDUSTRIAL CLEANING LIMITED (REGISTERED NUMBER: 06222413)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 66,167 92,053

CURRENT ASSETS
Stocks 20,568 25,053
Debtors 5 200,180 231,483
Cash at bank 5,510 2,336
226,258 258,872
CREDITORS
Amounts falling due within one year 6 338,813 354,461
NET CURRENT LIABILITIES (112,555 ) (95,589 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(46,388

)

(3,536

)

CREDITORS
Amounts falling due after more than one
year

7

(17,292

)

(16,247

)

PROVISIONS FOR LIABILITIES 10 - (6,039 )
NET LIABILITIES (63,680 ) (25,822 )

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 12 (63,780 ) (25,922 )
SHAREHOLDERS' FUNDS (63,680 ) (25,822 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

S.A.K. INDUSTRIAL CLEANING LIMITED (REGISTERED NUMBER: 06222413)

BALANCE SHEET - continued
30 APRIL 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 Board of Directors and authorised for issue on 17 March 2025 and were signed on its behalf by:





Mr S Cawkwell - Director


S.A.K. INDUSTRIAL CLEANING LIMITED (REGISTERED NUMBER: 06222413)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

S.A.K. Industrial Cleaning 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 represents the invoiced value of services provided, net of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Equipment - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles and jetter - 25% on reducing balance
Computer equipment - 20% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

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.

S.A.K. INDUSTRIAL CLEANING LIMITED (REGISTERED NUMBER: 06222413)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Going concern
At 30 April 2024 the company had an excess of liabilities over assets of £63,860 (2023 - £25,822) and was technically insolvent.

The company is reliant upon the continued financial support of its directors and bankers, which has been confirmed as ongoing. The financial statements have therefore been prepared on the going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 15 ) .

4. TANGIBLE FIXED ASSETS
Motor
Fixtures vehicles
and and Computer
Equipment fittings jetter equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 133,005 5,419 108,940 2,526 249,890
Disposals (16,730 ) (391 ) (4,040 ) (700 ) (21,861 )
At 30 April 2024 116,275 5,028 104,900 1,826 228,029
DEPRECIATION
At 1 May 2023 89,745 3,199 62,986 1,907 157,837
Charge for year 8,020 419 10,682 97 19,218
Eliminated on disposal (13,557 ) (262 ) (808 ) (566 ) (15,193 )
At 30 April 2024 84,208 3,356 72,860 1,438 161,862
NET BOOK VALUE
At 30 April 2024 32,067 1,672 32,040 388 66,167
At 30 April 2023 43,260 2,220 45,954 619 92,053

S.A.K. INDUSTRIAL CLEANING LIMITED (REGISTERED NUMBER: 06222413)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
and
Equipment jetter Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 18,475 85,425 103,900
DEPRECIATION
At 1 May 2023
and 30 April 2024 13,632 50,929 64,561
NET BOOK VALUE
At 30 April 2024 4,843 34,496 39,339
At 30 April 2023 4,843 34,496 39,339

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 97,702 157,101
Other debtors 95,482 67,634
Prepayments and accrued income 6,996 6,748
200,180 231,483

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other loans 39,779 28,405
Hire purchase contracts (see note 8) 10,622 14,907
Trade creditors 29,281 28,360
Social security and other taxes 17,647 37,812
VAT 71,841 68,305
Other creditors 12,269 1,199
Amounts owed to factoring
company 84,809 111,881
Directors' current accounts 70,939 62,177
Accruals and deferred income 1,626 1,415
338,813 354,461

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Other loans - 1-2 years 10,000 -
Other loans - 2-5 years 1,667 -
Hire purchase contracts (see note 8) 5,625 16,247
17,292 16,247

S.A.K. INDUSTRIAL CLEANING LIMITED (REGISTERED NUMBER: 06222413)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
30.4.24 30.4.23
£    £   
Net obligations repayable:
Within one year 10,622 14,907
Between one and five years 5,625 16,247
16,247 31,154

Non-cancellable operating leases
30.4.24 30.4.23
£    £   
Within one year 7,200 7,200
Between one and five years 12,000 12,000
19,200 19,200

9. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Hire purchase contracts 16,247 31,154
Owed to factoring company 84,809 111,881
101,056 143,035

10. PROVISIONS FOR LIABILITIES
30.4.24 30.4.23
£    £   
Deferred tax - 6,039

Deferred
tax
£   
Balance at 1 May 2023 6,039
Accelerated capital allowances
Tax losses (6,039 )
Balance at 30 April 2024 -

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
100 Ordinary £1 100 100

S.A.K. INDUSTRIAL CLEANING LIMITED (REGISTERED NUMBER: 06222413)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

12. RESERVES
Retained
earnings
£   

At 1 May 2023 (25,922 )
Deficit for the year (37,858 )
At 30 April 2024 (63,780 )

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the directors charged the company £520 (2023 - £520) for use of home as office.

14. RELATED PARTY DISCLOSURES

At 30 April 2024 there was a balance owed by the company to Mr S Cawkwell and Mrs R Cawkwell - directors - of £70,939 (2023 - £62,177).

This balance has been shown in Creditors.

Included in other debtors there is an inter company loan of £95,482 (2023 - £67,634) owed by S.A.K Fabrication & Hydraulics Limited. This company is 50% owned by Mr S Cawkwell the director and 50% share holder of S.A.K Industrial Cleaning Limited.

15. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are Mr S Cawkwell and Mrs R Cawkwell.