1 April 2024 false No description of principal activity Taxfiler 2024.6 13998392 business:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 13998392 2024-03-31 13998392 2024-04-01 2025-03-31 13998392 business:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 13998392 business:FilletedAccounts 2024-04-01 2025-03-31 13998392 2025-03-31 13998392 business:Director1 2024-04-01 2025-03-31 13998392 business:RegisteredOffice 2024-04-01 2025-03-31 13998392 2024-03-31 13998392 core:WithinOneYear 2025-03-31 13998392 core:WithinOneYear 2024-03-31 13998392 core:ShareCapital core:PreviouslyStatedAmount 2025-03-31 13998392 core:ShareCapital core:PreviouslyStatedAmount 2024-03-31 13998392 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-03-31 13998392 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-03-31 13998392 core:PreviouslyStatedAmount 2025-03-31 13998392 core:PreviouslyStatedAmount 2024-03-31 13998392 business:SmallEntities 2024-04-01 2025-03-31 13998392 countries:EnglandWales 2024-04-01 2025-03-31 13998392 core:ComputerEquipment 2024-04-01 2025-03-31 13998392 core:ComputerEquipment 2024-03-31 13998392 core:ComputerEquipment 2025-03-31 13998392 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Company Registration No. 13998392 (England and Wales)
SKV Rail Limited Unaudited accounts for the year ended 31 March 2025
SKV Rail Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
SKV Rail Limited Company Information for the year ended 31 March 2025
Director
Stephen Kearns
Company Number
13998392 (England and Wales)
Registered Office
UNIT 1B 2 HALLIDAYS FARM BILSBORROW PRESTON PR3 0RU UNITED KINGDOM
Accountants
Walling Accountants Unit 1B Hallidays Farm Bilsborrow Preston PR3 0RU
- 3 -
SKV Rail Limited Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
479
935
Current assets
Cash at bank and in hand
3,530
33,411
Creditors: amounts falling due within one year
5
(3,969)
(18,078)
Net current (liabilities)/assets
(439)
15,333
Net assets
40
16,268
Capital and reserves
Called up share capital
2
2
Profit and loss account
38
16,266
Shareholders' funds
40
16,268
For the year ending 31 March 2025 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 4 December 2025 and were signed on its behalf by
Stephen Kearns Director Company Registration No. 13998392
- 4 -
SKV Rail Limited Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
SKV Rail Limited is a private company, limited by shares, registered in England and Wales, registration number 13998392. The registered office is UNIT 1B 2 HALLIDAYS FARM, BILSBORROW, PRESTON, PR3 0RU, UNITED KINGDOM.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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:
Computer equipment
33% on cost
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
- 5 -
SKV Rail Limited Notes to the Accounts for the year ended 31 March 2025
4
Tangible fixed assets
Computer equipment
£
Cost or valuation
At cost
At 1 April 2024
1,368
At 31 March 2025
1,368
Depreciation
At 1 April 2024
433
Charge for the year
456
At 31 March 2025
889
Net book value
At 31 March 2025
479
At 31 March 2024
935
5
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
891
1,960
Taxes and social security
2,869
15,877
Loans from directors
209
241
3,969
18,078
6
Average number of employees
During the year the average number of employees was 1 (2024: 1).
- 6 -