SKS (GB) Limited Accounts






SKS (GB) Limited

	Company No. 06289510
		Information for Filing with The Registrar
		31 May 2025

The Directors present their report and the accounts for the year ended 31 May 2025.

Principal activities
The principal activity of the company during the year under review was that of tax consultancy.




Directors

The Directors who served at any time during the year were as follows:

B.S. Simmonite
S. Smith








































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

B.S. Simmonite
Director
04 September 2025

at	31 May 2025
Company No.		06289510	Notes	2025	2024
				£	£
Fixed assets

	Tangible assets		4	203	388


				203	388
Current assets
	Stocks		5	-	19,000
	Debtors		6	20,197	69,880

	Cash at bank and in hand			58,865	56,183
				79,062	145,063
Creditors: Amount falling due within one year			7	(54,245)	(52,050)
Net current assets				24,817	93,013
Total assets less current liabilities				25,020	93,401
Creditors: Amounts falling due after more than one year			8	-	(10,011)



Net assets				25,020	83,390

Capital and reserves
	Called up share capital			80	80


	Capital redemption reserve		9	40	40
	Profit and loss account		9	24,900	83,270

Total equity				25,020	83,390



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 04 September 2025 and signed on its behalf by:
B.S. Simmonite
Director
04 September 2025

for the year ended 31 May 2025

General information

SKS (GB) Limited is a private company limited by shares and incorporated in England and Wales.

Its registered number is: 06289510

Its registered office is:

11 Pendle Gardens

Culcheth

Warrington

WA3 4LU

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Accounting policies

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer rebates and other similar allowances.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Furniture, fittings and equipment

33% Straight line

Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.

Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3	Employees
			2025	2024
			Number	Number
		The average monthly number of employees (including directors) during the year was:	4	4

4	Tangible fixed assets
			Fixtures, fittings and equipment	Total
			£	£
		Cost or revaluation
		At 1 June 2024	4,376	4,376
		Additions	235	235



		At 31 May 2025	4,611	4,611
		Depreciation
		At 1 June 2024	3,988	3,988
		Charge for the year	420	420



		At 31 May 2025	4,408	4,408
		Net book values
		At 31 May 2025	203	203
		At 31 May 2024	388	388

5	Stocks
			2025	2024
			£	£

		Work in progress	-	19,000

			-	19,000

6	Debtors
			2025	2024
			£	£
		Trade debtors	18,386	54,351




		Loans to directors	912	-

		Prepayments and accrued income	899	15,529
			20,197	69,880

7	Creditors:
		amounts falling due within one year
			2025	2024
			£	£

		Bank loans and overdrafts	10,012	10,000


		Trade creditors	1,094	584

		Taxes and social security	23,900	38,609
		Loans from directors	-	212
		Other creditors	16,595	-
		Accruals and deferred income	2,644	2,645
			54,245	52,050

8	Creditors:
		amounts falling due after more than one year
			2025	2024
			£	£

		Bank loans and overdrafts	-	10,011






			-	10,011

9	Reserves
			Capital redemption reserve	Total other reserves
			£	£
		At 1 June 2023	40	40



		At 31 May 2024 and 1 June 2024	40	40



		At 31 May 2025	40	40


		Capital redemption reserve - records the nominal value of shares repurchased by the company.

		Profit and loss account - includes all current and prior period retained profits and losses.