IRIS Accounts Production v25.1.4.42 06164489 Board of Directors Board of Directors 1.4.24 31.3.25 31.3.25 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh061644892024-03-31061644892025-03-31061644892024-04-012025-03-31061644892023-03-31061644892023-04-012024-03-31061644892024-03-3106164489ns15:EnglandWales2024-04-012025-03-3106164489ns14:PoundSterling2024-04-012025-03-3106164489ns10:Director12024-04-012025-03-3106164489ns10:Director22024-04-012025-03-3106164489ns10:PrivateLimitedCompanyLtd2024-04-012025-03-3106164489ns10:SmallEntities2024-04-012025-03-3106164489ns10:AuditExempt-NoAccountantsReport2024-04-012025-03-3106164489ns10:SmallCompaniesRegimeForDirectorsReport2024-04-012025-03-3106164489ns10:SmallCompaniesRegimeForAccounts2024-04-012025-03-3106164489ns10:AbridgedAccounts2024-04-012025-03-310616448912024-04-012025-03-3106164489ns10:Director32024-04-012025-03-3106164489ns10:Director42024-04-012025-03-3106164489ns10:CompanySecretary12024-04-012025-03-3106164489ns10:RegisteredOffice2024-04-012025-03-3106164489ns5:CurrentFinancialInstruments2025-03-3106164489ns5:CurrentFinancialInstruments2024-03-3106164489ns5:ShareCapital2025-03-3106164489ns5:ShareCapital2024-03-3106164489ns5:RetainedEarningsAccumulatedLosses2025-03-3106164489ns5:RetainedEarningsAccumulatedLosses2024-03-3106164489ns5:NetGoodwill2024-04-012025-03-3106164489ns5:IntangibleAssetsOtherThanGoodwill2024-04-012025-03-3106164489ns5:FurnitureFittings2024-04-012025-03-3106164489ns5:MotorVehicles2024-04-012025-03-31
REGISTERED NUMBER: 06164489 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2025

for

S & K (COVENTRY) LIMITED

S & K (COVENTRY) LIMITED (REGISTERED NUMBER: 06164489)

Contents of the Financial Statements
FOR THE YEAR ENDED 31ST MARCH 2025










Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


S & K (COVENTRY) LIMITED

Company Information
FOR THE YEAR ENDED 31ST MARCH 2025







DIRECTORS: Mr Balbir Singh Sohal
Mr Naginder Singh Kalm
Mr Sukhjit Singh Kalm
Mr Manjit Singh Kalm



SECRETARY: Mr Balbir Singh Sohal



REGISTERED OFFICE: 80-84 Barker Butts Lane
Coventry
West Midlands
CV6 1DY



REGISTERED NUMBER: 06164489 (England and Wales)



ACCOUNTANTS: R Pau & Co Limited
Chartered Certified Accountants
12-16 Station Street East
Coventry
West Midlands
CV6 5FJ



BANKERS: Lloyds TSB Bank Plc
30 High Street
Coventry
West Midlands
CV1 5RA

S & K (COVENTRY) LIMITED (REGISTERED NUMBER: 06164489)

Abridged Statement of Financial Position
31ST MARCH 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 3 63,750 85,000
Tangible assets 4 182,069 196,824
245,819 281,824

CURRENT ASSETS
Stocks 207,467 231,787
Debtors 5,160 9,902
Cash at bank and in hand 82,942 117,609
295,569 359,298
CREDITORS
Amounts falling due within one year 464,434 511,005
NET CURRENT LIABILITIES (168,865 ) (151,707 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

76,954

130,117

PROVISIONS FOR LIABILITIES 34,451 49,206
NET ASSETS 42,503 80,911

CAPITAL AND RESERVES
Called up share capital 1,016 1,016
Retained earnings 41,487 79,895
SHAREHOLDERS' FUNDS 42,503 80,911

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 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 & K (COVENTRY) LIMITED (REGISTERED NUMBER: 06164489)

Abridged Statement of Financial Position - continued
31ST MARCH 2025


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31st March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 2nd June 2025 and were signed on its behalf by:




Mr Manjit Singh Kalm - Director



Mr Sukhjit Singh Kalm - Director


S & K (COVENTRY) LIMITED (REGISTERED NUMBER: 06164489)

Notes to the Financial Statements
FOR THE YEAR ENDED 31ST MARCH 2025


1. 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.

Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Goodwill
Goodwill, being the amount valued in connection with incorporation of the partnership business 'Sohal & Kalm' in March 2007. Goodwill is amortised on a 5% straight line method (20 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 fixtures - 10% on reducing balance
Motor vehicles - 25% on reducing balance

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

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 & K (COVENTRY) LIMITED (REGISTERED NUMBER: 06164489)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31ST MARCH 2025


1. ACCOUNTING POLICIES - continued

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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2024 - 18 ) .

3. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st April 2024
and 31st March 2025 425,000
AMORTISATION
At 1st April 2024 340,000
Amortisation for year 21,250
At 31st March 2025 361,250
NET BOOK VALUE

At 31st March 2025 63,750
At 31st March 2024 85,000

S & K (COVENTRY) LIMITED (REGISTERED NUMBER: 06164489)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31ST MARCH 2025


4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st April 2024 436,045
Additions 22,352
Disposals (9,055 )
At 31st March 2025 449,342
DEPRECIATION
At 1st April 2024 239,221
Charge for year 28,957
Eliminated on disposal (905 )
At 31st March 2025 267,273
NET BOOK VALUE
At 31st March 2025 182,069
At 31st March 2024 196,824

5. SEGMENTAL REPORTING

Segmental reporting is not applicable for the financial statements as although trade is carried out from two premises (Coventry and Nuneaton), each premises trades the same and the geographical positions of the supermarkets are in close proximity of one another.