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REGISTERED NUMBER: 10291740 (England and Wales)


Financial Statements for the Year Ended 31 July 2024

for

S&K (Swansea) Limited

S&K (Swansea) Limited (Registered number: 10291740)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


S&K (Swansea) Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: Mrs Shamila Naz Iqbal





REGISTERED OFFICE: 90, Woodfield Street
Morriston
Swansea
SA6 8BA





REGISTERED NUMBER: 10291740 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services Limited
Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD

S&K (Swansea) Limited (Registered number: 10291740)

Statement of Financial Position
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 23,547 27,184

CURRENT ASSETS
Inventories 16,230 42,895
Debtors 5 41,138 10,159
Cash at bank and in hand 23,348 96,000
80,716 149,054
CREDITORS
Amounts falling due within one year 6 23,132 44,934
NET CURRENT ASSETS 57,584 104,120
TOTAL ASSETS LESS CURRENT
LIABILITIES

81,131

131,304

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 81,129 131,302
SHAREHOLDERS' FUNDS 81,131 131,304

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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&K (Swansea) Limited (Registered number: 10291740)

Statement of Financial Position - continued
31 July 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 director and authorised for issue on 2 April 2025 and were signed by:





Mrs Shamila Naz Iqbal - Director


S&K (Swansea) Limited (Registered number: 10291740)

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

1. STATUTORY INFORMATION

S&K (Swansea) 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
Revenue 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.
Plant and machinery etc - 20% on reducing balance

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 August 2023 41,216
Additions 2,249
At 31 July 2024 43,465
DEPRECIATION
At 1 August 2023 14,032
Charge for year 5,886
At 31 July 2024 19,918
NET BOOK VALUE
At 31 July 2024 23,547
At 31 July 2023 27,184

S&K (Swansea) Limited (Registered number: 10291740)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 41,043 10,043
Other debtors 95 116
41,138 10,159

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors 8,205 812
Taxation and social security 13,500 43,258
Other creditors 1,427 864
23,132 44,934

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
2 Ordinary Share £1 2 2