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REGISTERED NUMBER: 12856855 (England and Wales)


Financial Statements for the Year Ended 31 October 2024

for

SK Store (London) Ltd

SK Store (London) Ltd (Registered number: 12856855)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


SK Store (London) Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTOR: Mr Kalpesh Patel





REGISTERED OFFICE: Bridge House
9-13 Holbrook Lane
Coventry
West Midlands
CV6 4AD





REGISTERED NUMBER: 12856855 (England and Wales)





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

SK Store (London) Ltd (Registered number: 12856855)

Statement of Financial Position
31 October 2024

31.10.24 31.10.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 80,043 80,043
Property, plant and equipment 5 45,560 34,747
125,603 114,790

CURRENT ASSETS
Inventories 87,640 85,910
Debtors 6 121,583 18,839
Cash at bank and in hand 35,042 98,845
244,265 203,594
CREDITORS
Amounts falling due within one year 7 271,583 304,169
NET CURRENT LIABILITIES (27,318 ) (100,575 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

98,285

14,215

CREDITORS
Amounts falling due after more than one
year

8

83,127

-
NET ASSETS 15,158 14,215

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 15,058 14,115
SHAREHOLDERS' FUNDS 15,158 14,215

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

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

SK Store (London) Ltd (Registered number: 12856855)

Statement of Financial Position - continued
31 October 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 23 April 2025 and were signed by:





Mr Kalpesh Patel - Director


SK Store (London) Ltd (Registered number: 12856855)

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

1. STATUTORY INFORMATION

SK Store (London) Ltd 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 net sales of invoiced goods and services excluding Value Added Tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% 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 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 80,043
NET BOOK VALUE
At 31 October 2024 80,043
At 31 October 2023 80,043

SK Store (London) Ltd (Registered number: 12856855)

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

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 November 2023 60,826
Additions 26,000
At 31 October 2024 86,826
DEPRECIATION
At 1 November 2023 26,079
Charge for year 15,187
At 31 October 2024 41,266
NET BOOK VALUE
At 31 October 2024 45,560
At 31 October 2023 34,747

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 117,125 16,125
Other debtors 4,458 2,714
121,583 18,839

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade creditors 59,717 54,544
Taxation and social security 5,765 8,824
Other creditors 206,101 240,801
271,583 304,169

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans 83,127 -

SK Store (London) Ltd (Registered number: 12856855)

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

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 31.10.23
value: £    £   
100 Ordinary 1 100 100