Acorah Software Products - Accounts Production 16.5.460 false true 31 October 2023 1 November 2022 false 1 November 2023 30 October 2024 30 October 2024 07808064 Mr Gurinder Singh Gill iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07808064 2023-10-31 07808064 2024-10-30 07808064 2023-11-01 2024-10-30 07808064 frs-core:CurrentFinancialInstruments 2024-10-30 07808064 frs-core:Non-currentFinancialInstruments 2024-10-30 07808064 frs-core:PlantMachinery 2024-10-30 07808064 frs-core:PlantMachinery 2023-11-01 2024-10-30 07808064 frs-core:PlantMachinery 2023-10-31 07808064 frs-core:ShareCapital 2024-10-30 07808064 frs-core:RetainedEarningsAccumulatedLosses 2024-10-30 07808064 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-30 07808064 frs-bus:FilletedAccounts 2023-11-01 2024-10-30 07808064 frs-bus:SmallEntities 2023-11-01 2024-10-30 07808064 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-30 07808064 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-30 07808064 frs-bus:Director1 2023-11-01 2024-10-30 07808064 frs-countries:EnglandWales 2023-11-01 2024-10-30 07808064 2022-10-31 07808064 2023-10-31 07808064 2022-11-01 2023-10-31 07808064 frs-core:CurrentFinancialInstruments 2023-10-31 07808064 frs-core:Non-currentFinancialInstruments 2023-10-31 07808064 frs-core:ShareCapital 2023-10-31 07808064 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 07808064
SK Food and Drinks Limited
Unaudited Financial Statements
For The Year Ended 30 October 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07808064
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 7,734 12,160
Investment Properties 5 15,000 15,000
22,734 27,160
CURRENT ASSETS
Stocks 6 942,795 1,249,728
Debtors 7 1,685,930 1,933,856
Cash at bank and in hand 245,795 272,909
2,874,520 3,456,493
Creditors: Amounts Falling Due Within One Year 8 (2,343,976 ) (2,069,723 )
NET CURRENT ASSETS (LIABILITIES) 530,544 1,386,770
TOTAL ASSETS LESS CURRENT LIABILITIES 553,278 1,413,930
Creditors: Amounts Falling Due After More Than One Year 9 (131,619 ) (1,012,626 )
NET ASSETS 421,659 401,304
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 421,559 401,204
SHAREHOLDERS' FUNDS 421,659 401,304
Page 1
Page 2
For the year ending 30 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Gurinder Singh Gill
Director
30th October 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
SK Food and Drinks Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07808064 . The registered office is Unit1, Gravelly Industrial Park, Birmingham, B24 8HZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Reducing Balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 19 (2023: 19)
19 19
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4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 November 2023 12,160
As at 30 October 2024 12,160
Depreciation
As at 1 November 2023 -
Provided during the period 4,426
As at 30 October 2024 4,426
Net Book Value
As at 30 October 2024 7,734
As at 1 November 2023 12,160
5. Investment Property
2024
£
Fair Value
As at 1 November 2023 and 30 October 2024 15,000
6. Stocks
2024 2023
£ £
Stock 942,795 1,249,728
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 675,214 551,034
Prepayments and accrued income 58,329 58,329
Other debtors 898,326 1,290,113
Deferred tax current asset 34,380 34,380
VAT 19,681 -
1,685,930 1,933,856
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Page 5
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,589,818 1,139,485
Other taxes and social security 14,579 48,031
Other creditors 739,579 882,207
2,343,976 2,069,723
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Shareholder Loans 128,993 1,010,000
Other taxes and social security 2,626 2,626
131,619 1,012,626
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5