REGISTERED NUMBER: 11138032 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2025

for

SK Security Systems Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S P Kane

SECRETARY:

Mrs R Kane

REGISTERED OFFICE:

104 Whitby Road

Ellesmere Port

Cheshire

CH65 0AB

REGISTERED NUMBER:

11138032 (England and Wales)

ACCOUNTANTS:

Johnstone Howell & Co

104 Whitby Road

Ellesmere Port

Cheshire

CH65 0AB

FIXED ASSETS

Tangible assets

4

40,338

51,196

CURRENT ASSETS

Stocks

14,821

23,950

Debtors

5

91,889

163,732

Cash at bank

362,957

93,271

469,667

280,953

CREDITORS

Amounts falling due within one year

6

109,608

90,953

NET CURRENT ASSETS

360,059

190,000

TOTAL ASSETS LESS CURRENT LIABILITIES

400,397

241,196

CREDITORS

Amounts falling due after more than one year

7

-

(2,251

)

PROVISIONS FOR LIABILITIES

10

(10,085

)

-

NET ASSETS

390,312

238,945

CAPITAL AND RESERVES

Called up share capital

11

1

1

Retained earnings

390,311

238,944

SHAREHOLDERS' FUNDS

390,312

238,945

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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 30 September 2025 and were signed by:

S P Kane - Director

1.	STATUTORY INFORMATION

SK Security Systems 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 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

-

15% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

33% on cost

Stocks

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

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 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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 February 2024

31,624

43,845

11,366

86,835

Additions

3,600

-

2,098

5,698

At 31 January 2025

35,224

43,845

13,464

92,533

DEPRECIATION

At 1 February 2024

12,606

16,635

6,398

35,639

Charge for year

5,063

8,769

2,724

16,556

At 31 January 2025

17,669

25,404

9,122

52,195

NET BOOK VALUE

At 31 January 2025

17,555

18,441

4,342

40,338

At 31 January 2024

19,018

27,210

4,968

51,196

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

91,839

163,682

Other debtors

50

50

91,889

163,732

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

16,881

Hire purchase contracts (see note 8)

1,028

3,668

Trade creditors

20,427

14,197

Tax

62,198

42,928

Social security and other taxes

1,279

811

VAT

19,900

3,687

Other creditors

1,433

5,026

Directors' current accounts

301

713

Accrued expenses

3,042

3,042

109,608

90,953

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 8)

-

2,251

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

1,028

3,668

Between one and five years

-

2,251

1,028

5,919

Non-cancellable

operating leases

2025

2024

£

£

Within one year

11,595

30,197

Between one and five years

10,400

-

21,995

30,197

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

1,028

5,919

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

10,085

-

Deferred tax

£

Accelerated capital allowances

10,085

Balance at 31 January 2025

10,085

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1

Ordinary

£1

1

1

12.	ULTIMATE CONTROLLING PARTY

The controlling party is S P Kane.