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Company Registration No. 09905570 (England and Wales)
SK NEWBUILD LIMITED Unaudited accounts for the year ended 31 December 2024
SK NEWBUILD LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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SK NEWBUILD LIMITED Company Information for the year ended 31 December 2024
Director
Paramveer Singh JUGDEY
Company Number
09905570 (England and Wales)
Registered Office
103 ANCHORWAY ROAD COVENTRY CV3 6JH ENGLAND
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SK NEWBUILD LIMITED Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
67,834 
27,100 
Current assets
Inventories
849 
11,063 
Debtors
5
499 
7,892 
Cash at bank and in hand
10,106 
19,068 
11,454 
38,023 
Creditors: amounts falling due within one year
6
(1,223)
(32,878)
Net current assets
10,231 
5,145 
Total assets less current liabilities
78,065 
32,245 
Creditors: amounts falling due after more than one year
7
(69,109)
(30,864)
Net assets
8,956 
1,381 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
8,955 
1,380 
Shareholders' funds
8,956 
1,381 
For the year ending 31 December 2024 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 September 2025 and were signed on its behalf by
Paramveer Singh JUGDEY Director Company Registration No. 09905570
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SK NEWBUILD LIMITED Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
SK NEWBUILD LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09905570. The registered office is 103 ANCHORWAY ROAD, COVENTRY, CV3 6JH, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
8% Reducing Balance
Fixtures & fittings
15% Reducing Balance
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2024
26,344 
20,000 
46,344 
Additions
47,566 
- 
47,566 
At 31 December 2024
73,910 
20,000 
93,910 
Depreciation
At 1 January 2024
11,526 
7,718 
19,244 
Charge for the year
4,990 
1,842 
6,832 
At 31 December 2024
16,516 
9,560 
26,076 
Net book value
At 31 December 2024
57,394 
10,440 
67,834 
At 31 December 2023
14,818 
12,282 
27,100 
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SK NEWBUILD LIMITED Notes to the Accounts for the year ended 31 December 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
499 
7,880 
Trade debtors
- 
12 
499 
7,892 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
- 
32,438 
Taxes and social security
- 
414 
Other creditors
1,223 
26 
1,223 
32,878 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
15,880 
12,394 
Obligations under finance leases and hire purchase contracts
53,229 
18,470 
69,109 
30,864 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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