REGISTERED NUMBER: 09918510 (England and Wales)

SKA Fabrication Services Limited

Unaudited Financial Statements for the Year Ended 31 December 2024

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Director:

S Shreeve

Registered office:

5 Queen Street

Great Yarmouth

Norfolk

NR30 2QP

Registered number:

09918510 (England and Wales)

Accountants:

Fairhead Bradford

5 Queen Street

Great Yarmouth

Norfolk

NR30 2QP

Fixed assets

Tangible assets

4

1,670

2,360

Current assets

Stocks

5

1,000

2,750

Debtors

6

14,441

9,482

Cash at bank

4,145

2,385

19,586

14,617

Creditors

Amounts falling due within one year

7

47,251

44,478

Net current liabilities

(27,665

)

(29,861

)

Total assets less current liabilities

(25,995

)

(27,501

)

Creditors

Amounts falling due after more than one year

8

2,833

3,667

Net liabilities

(28,828

)

(31,168

)

Capital and reserves

Called up share capital

100

100

Retained earnings

(28,928

)

(31,268

)

Shareholders' funds

(28,828

)

(31,168

)

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 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.

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 September 2025 and were signed by:

S Shreeve - Director

1.	Statutory information

SKA Fabrication Services Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 represents sales at invoice value excluding value added tax.

Sales income represents revenue earned under a variety of contracts to provide services. Revenue is recognised as earned when, and to the extent that, the company earns the right to consideration in exchange for its performance under these contracts. It is measured at the fair value of the right to consideration, which represents amounts chargeable to customers, including expenses but excluding value added tax.

Revenue is recognised as contract activity progresses so that for incomplete contracts it reflects the partial performance of the contractual obligations. For such contracts, the amount of revenue reflects the accrual for the right to consideration by reference to the value of work performed. Revenue not billed to customers in included in trade debtors.

Sales income that is contingent on events outside the control of the company are recognised when the contingent event occurs.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures, fittings and equipment 20 % reducing balance basis

Motor vehicles 25 % reducing balance basis

Office equipment 33 % reducing balance basis

Stocks

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

Financial instruments

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

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.

Going concern

At the year end the company had net liabilities of £ 28,828 and is dependant on the continued financial support of the director.

3.	Employees and directors

The average number of employees during the year was 1 (2023 - 1 ) .

4.	Tangible fixed assets

Fixtures,

fittings

and

Motor

Computer

equipment

vehicles

equipment

Totals

£

£

£

£

Cost

At 1 January 2024

10,766

2,570

637

13,973

Disposals

-

(2,570

)

-

(2,570

)

At 31 December 2024

10,766

-

637

11,403

Depreciation

At 1 January 2024

8,771

2,315

527

11,613

Charge for year

400

-

35

435

Eliminated on disposal

-

(2,315

)

-

(2,315

)

At 31 December 2024

9,171

-

562

9,733

Net book value

At 31 December 2024

1,595

-

75

1,670

At 31 December 2023

1,995

255

110

2,360

5.

Stocks

31/12/24

31/12/23

£

£

Stocks

1,000

2,000

Work-in-progress

-

750

1,000

2,750

6.

Debtors

31/12/24

31/12/23

£

£

Amounts falling due within one year:

Trade debtors

5,690

-

Other debtors

-

678

Prepayments

3,496

3,000

9,186

3,678

Amounts falling due after more than one year:

Tax

4,929

5,354

Deferred tax asset

326

450

5,255

5,804

Aggregate amounts

14,441

9,482

7.

Creditors: amounts falling due within one year

31/12/24

31/12/23

£

£

Payments on account

2,100

3,040

Trade creditors

344

45

Social security and other taxes

-

943

VAT

-

525

Other creditors

1,800

3,709

Bank Loan

2,000

2,000

Directors' current accounts

41,007

34,216

47,251

44,478

8.

Creditors: amounts falling due after more than one year

31/12/24

31/12/23

£

£

Bank Loan

2,833

3,667

9.	Related party disclosures

At 31 December 2024 the director had loaned the company £41,007 (2023 £ 34,216) . The loan is unsecured, interest free and repayable on demand.

10.	Ultimate controlling party

The controlling party is S Shreeve.