Registered number
10473303
S K A LIMITED
Filleted Accounts
30 November 2024
S K A LIMITED
Registered number: 10473303
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 2,662 3,132
Current assets
Debtors 4 35,499 44,546
Cash at bank and in hand 12,922 21,250
48,421 65,796
Creditors: amounts falling due within one year 5 (18,466) (28,704)
Net current assets 29,955 37,092
Total assets less current liabilities 32,617 40,224
Creditors: amounts falling due after more than one year 6 (31,019) (36,574)
Net assets 1,598 3,650
Capital and reserves
Called up share capital 1 1
Profit and loss account 1,597 3,649
Shareholder's funds 1,598 3,650
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 her 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.
Sabeen K Afridi
Director
Approved by the board on 25 June 2025
S K A LIMITED
Notes to the Accounts
for the year ended 30 November 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 15% on reducing balance basis
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 3
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2023 6,000
At 30 November 2024 6,000
Depreciation
At 1 December 2023 2,868
Charge for the year 470
At 30 November 2024 3,338
Net book value
At 30 November 2024 2,662
At 30 November 2023 3,132
4 Debtors 2024 2023
£ £
Trade debtors 35,499 40,682
Other debtors - 3,864
35,499 44,546
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 11,911 10,305
Taxation and social security costs 1,505 4,163
Other creditors 5,050 14,236
18,466 28,704
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 31,019 36,574
7 Other information
S K A LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
19 The Green
Southall
Middlesex
UB2 4AH
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