S&K Elite Envelopes (Sth) Ltd

	Page
Accountants' Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—6

Report to the director on the preparation of the unaudited statutory accounts of S&K Elite Envelopes (Sth) Ltd for the year ended 31 December 2024

To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of S&K Elite Envelopes (Sth) Ltd which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made to the director of S&K Elite Envelopes (Sth) Ltd , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of S&K Elite Envelopes (Sth) Ltd and state those matters that we have agreed to state to the director of S&K Elite Envelopes (Sth) Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than S&K Elite Envelopes (Sth) Ltd and its director as a body for our work or for this report.

It is your duty to ensure that S&K Elite Envelopes (Sth) Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of S&K Elite Envelopes (Sth) Ltd . You consider that S&K Elite Envelopes (Sth) Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of S&K Elite Envelopes (Sth) Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

CKR & Associates

5 November 2025

C K R

Chartered Certified Accountants

CKR House

70 East Hill

Dartford

Kent

DA1 1RZ

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S&K Elite Envelopes (Sth) Ltd

Balance Sheet

As At 31 December 2024

Balance Sheet

Registered number: 10520842

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		10,163		8,556

			10,163		8,556
CURRENT ASSETS
Stocks	5	16,500		18,000
Debtors	6	77,289		138,913
Cash at bank and in hand		91,880		77,899

		185,669		234,812
Creditors: Amounts Falling Due Within One Year	7	(203,280 )		(210,591 )

NET CURRENT ASSETS (LIABILITIES)			(17,611 )		24,221

TOTAL ASSETS LESS CURRENT LIABILITIES			(7,448 )		32,777

Creditors: Amounts Falling Due After More Than One Year	8		(26,380 )		(32,188 )

NET (LIABILITIES)/ASSETS			(33,828 )		589

CAPITAL AND RESERVES
Called up share capital	9		6		6
Profit and Loss Account			(33,834 )		583

SHAREHOLDERS' FUNDS			(33,828)		589

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S&K Elite Envelopes (Sth) Ltd

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 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 Phillip Keerie

Director

5 November 2025

The notes on pages 4 to 6 form part of these financial statements.

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S&K Elite Envelopes (Sth) Ltd

Notes to the Financial Statements

For The Year Ended 31 December 2024

Notes to the Financial Statements

1. General Information

S&K Elite Envelopes (Sth) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10520842 . The registered office is CKR House, 70East Hill, Dartford, DA1 1RZ.

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. Going Concern Disclosure

The financial statements have been prepared on the going concern basis. This assumes that the company will continue in operational existence for the foreseeable future.

At the balance sheet date, the company’s liability for the year ended 31 December 2022 exceeds its assets. The director of the company has sought assurance from the creditors that their debts will not be called in within the next twelve months.

The director has therefore deemed it appropriate that the financial statements be prepared on the going concern basis.

2.3. 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.

2.4. 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% on a reducing balance
Motor Vehicles	25% on a reducing balance

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.

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S&K Elite Envelopes (Sth) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2023: NIL)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 1 January 2024	28,151	29,893	58,044
Additions	4,995	-	4,995

As at 31 December 2024	33,146	29,893	63,039

Depreciation
As at 1 January 2024	23,918	25,570	49,488
Provided during the period	2,307	1,081	3,388

As at 31 December 2024	26,225	26,651	52,876

Net Book Value
As at 31 December 2024	6,921	3,242	10,163

As at 1 January 2024	4,233	4,323	8,556

5. Stocks

	2024	2023
	£	£
Stock	16,500	18,000

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S&K Elite Envelopes (Sth) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	65,140	101,907
Other debtors	3,760	3,760
Corporation tax recoverable assets	8,389	8,389
Director's loan account	-	24,857

	77,289	138,913

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	155,005	168,577
Bank loans and overdrafts	5,884	6,033
Corporation tax	12,550	14,049
Other taxes and social security	1,626	-
VAT	12,341	11,693
Finance Lease & HP contracts	2,379	2,379
Accruals and deferred income	10,465	7,860
Director's loan account	3,030	-

	203,280	210,591

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	26,380	32,188

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	6	6

10. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 January 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 December 2024
	£	£	£	£	£
Mr Phillip Keerie	24,857	-	24,857	-	-

The above loan is unsecured, interest free and repayable on demand.

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