REGISTERED NUMBER: 12362268 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

SKW CONSTRUCTION LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S L Stephenson

K M Ward

S Ward

REGISTERED OFFICE:

49 Filey Road

Gristhorpe

Filey

North Yorkshire

YO14 9PH

REGISTERED NUMBER:

12362268 (England and Wales)

ACCOUNTANTS:

Lloyd Dowson Limited

Medina House

2 Station Avenue

Bridlington

East Yorkshire

YO16 4LZ

FIXED ASSETS

Intangible assets

4

596

596

Tangible assets

5

175,283

54,841

175,879

55,437

CURRENT ASSETS

Stocks

6

-

26,393

Debtors

7

95,941

2,520

Cash at bank

1,515,391

330,721

1,611,332

359,634

CREDITORS

Amounts falling due within one year

8

1,264,714

229,714

NET CURRENT ASSETS

346,618

129,920

TOTAL ASSETS LESS CURRENT LIABILITIES

522,497

185,357

CREDITORS

Amounts falling due after more than one year

9

(10,574

)

(24,544

)

PROVISIONS FOR LIABILITIES

(43,821

)

(14,254

)

NET ASSETS

468,102

146,559

CAPITAL AND RESERVES

Called up share capital

11

100

100

Retained earnings

468,002

146,459

SHAREHOLDERS' FUNDS

468,102

146,559

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2025 and were signed on its behalf by:

S L Stephenson - Director

1.	STATUTORY INFORMATION

SKW Construction 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 is measured at fair value of the consideration received or receivable for construction and consultancy services, excluding value added tax and is recognised once the work is completed.

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.

Our treatment in connection with registration plates is to have an impairment review completed each year.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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 the statement of income and retained earnings over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the statement of income and retained earnings over the period to which they relate.

Pension costs and other post-retirement benefits

The company operates both a defined contribution pension scheme and an auto enrolment pension scheme. Contributions are charged to the statement of income and retained earnings in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

and 31 December 2024

596

NET BOOK VALUE

At 31 December 2024

596

At 31 December 2023

596

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

68,725

Additions

137,122

At 31 December 2024

205,847

DEPRECIATION

At 1 January 2024

13,884

Charge for year

16,680

At 31 December 2024

30,564

NET BOOK VALUE

At 31 December 2024

175,283

At 31 December 2023

54,841

The net book value of tangible fixed assets includes £ 6,194 (2023 - £ 8,259 ) in respect of assets held under hire purchase contracts.

6.

STOCKS

31.12.24

31.12.23

£

£

Work-in-progress

-

26,393

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

13,240

-

Amounts owed by associates

60,900

-

Other debtors

21,801

2,520

95,941

2,520

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

10,030

10,270

Hire purchase contracts

4,180

4,180

Trade creditors

446,390

62,477

Taxation and social security

701,712

15,225

Other creditors

102,402

137,562

1,264,714

229,714

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

9,038

18,828

Hire purchase contracts

1,536

5,716

10,574

24,544

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Hire purchase contracts

5,716

9,896

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

100

Ordinary

£1

100

100

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

£

K M Ward

Balance outstanding at start of year

-

-

Amounts advanced

5,030

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

5,030

-