REGISTERED NUMBER: 07527420 (England and Wales)

Unaudited Financial Statements

for the Year Ended 28 February 2025

for

SKCG Electrical Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

K G Bartlett

REGISTERED OFFICE:

Spectrum House

2B Suttons Lane

Hornchurch

Essex

RM12 6RJ

REGISTERED NUMBER:

07527420 (England and Wales)

ACCOUNTANTS:

Johal & Company

Chartered Certified Accountants

& Registered Auditors

Spectrum House

2B Suttons Lane

Hornchurch

Essex

RM12 6RJ

FIXED ASSETS

Tangible assets

4

170,319

91,766

Investments

5

80,000

80,000

250,319

171,766

CURRENT ASSETS

Debtors

6

378,076

435,137

Cash at bank and in hand

136,291

104,223

514,367

539,360

CREDITORS

Amounts falling due within one year

7

358,978

402,778

NET CURRENT ASSETS

155,389

136,582

TOTAL ASSETS LESS CURRENT LIABILITIES

405,708

308,348

CREDITORS

Amounts falling due after more than one year

8

(133,770

)

(67,283

)

ACCRUALS AND DEFERRED INCOME

(1,200

)

(1,200

)

NET ASSETS

270,738

239,865

CAPITAL AND RESERVES

Called up share capital

3

2

Retained earnings

270,735

239,863

SHAREHOLDERS' FUNDS

270,738

239,865

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 16 June 2025 and were signed by:

K G Bartlett - Director

1.	STATUTORY INFORMATION

SKCG Electrical 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.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

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.

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.

Implications of covid-19 on our operations

Management has considered the consequences of COVID-19 and other events and conditions, and it has determined that they do not create a material uncertainty that casts significant doubt upon the entity's ability to continue as a going concern.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 29 February 2024

40,714

120,348

161,062

Additions

-

117,103

117,103

At 28 February 2025

40,714

237,451

278,165

DEPRECIATION

At 29 February 2024

26,200

43,096

69,296

Charge for year

3,628

34,922

38,550

At 28 February 2025

29,828

78,018

107,846

NET BOOK VALUE

At 28 February 2025

10,886

159,433

170,319

At 28 February 2024

14,514

77,252

91,766

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 29 February 2024

and 28 February 2025

80,000

NET BOOK VALUE

At 28 February 2025

80,000

At 28 February 2024

80,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

28.2.24

£

£

Trade debtors

250,997

264,469

Other debtors

127,079

170,668

378,076

435,137

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

28.2.24

£

£

Trade creditors

195,636

355,013

Taxation and social security

72,063

23,238

Other creditors

91,279

24,527

358,978

402,778

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.25

28.2.24

£

£

Hire purchase contracts

133,770

67,283