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REGISTERED NUMBER: 12171475 (England and Wales)


Financial Statements for the Year Ended 31 August 2024

for

SK Oldbury Ltd

SK Oldbury Ltd (Registered number: 12171475)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SK Oldbury Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTOR: Mr Arwinder Singh





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





REGISTERED NUMBER: 12171475 (England and Wales)





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

SK Oldbury Ltd (Registered number: 12171475)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 285,312 190,690

CURRENT ASSETS
Inventories 7,892 3,000
Debtors 5 26,881 -
Cash at bank and in hand 95,308 56,380
130,081 59,380
CREDITORS
Amounts falling due within one year 6 466,488 304,985
NET CURRENT LIABILITIES (336,407 ) (245,605 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(51,095

)

(54,915

)

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings (51,195 ) (55,015 )
SHAREHOLDERS' FUNDS (51,095 ) (54,915 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 Oldbury Ltd (Registered number: 12171475)

Balance Sheet - continued
31 August 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 29 August 2025 and were signed by:





Mr Arwinder Singh - Director


SK Oldbury Ltd (Registered number: 12171475)

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

1. STATUTORY INFORMATION

SK Oldbury 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
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 32 (2023 - 9 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 September 2023 247,363
Additions 165,951
At 31 August 2024 413,314
DEPRECIATION
At 1 September 2023 56,673
Charge for year 71,329
At 31 August 2024 128,002
NET BOOK VALUE
At 31 August 2024 285,312
At 31 August 2023 190,690

SK Oldbury Ltd (Registered number: 12171475)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Other debtors 26,881 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 43,331 -
Taxation and social security 13,552 213
Other creditors 409,605 304,772
466,488 304,985

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
100 Ordinary £1 100 100