Company registration number 7680529 (England and Wales)
SKI Electrical Limited
UNAUDITED FINANCIAL STATEMENTS
Financial Statements
for the year ended 31 March 2025
PAGES FOR FILING WITH REGISTRAR
SKI Electrical Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 5
SKI Electrical Limited
Statement of financial position
as at 31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
-
0
-
0
Tangible assets
3
-
0
1
Current assets
Stocks
3,000
3,000
Debtors
4
41,570
41,203
Cash at bank and in hand
5,854
1,735
50,424
45,938
Creditors: amounts falling due within one year
5
(45,356)
(36,407)
Net current assets
5,068
9,531
Total assets less current liabilities
5,068
9,532
Creditors: amounts falling due after more than one year
6
(4,700)
(9,314)
Net assets
368
218
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
367
217
Total equity
368
218
SKI Electrical Limited
Statement of financial position (continued)
as at 31 March 2025
- 2 -

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 31 December 2025
Mr S G Kennedy
Director
Company registration number 7680529 (England and Wales)
SKI Electrical Limited
Notes to the financial statements
for the year ended 31 March 2025
- 3 -
1
Accounting policies
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Going concern

A true t the time of approving the financial statements, t he director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he director continues to adopt the going concern basis of accounting in preparing the financial statements.

Revenue

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

SKI Electrical Limited
Notes to the financial statements (continued)
for the year ended 31 March 2025
1
Accounting policies
(continued)
- 4 -
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Taxation

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

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
1
1
SKI Electrical Limited
Notes to the financial statements (continued)
for the year ended 31 March 2025
- 5 -
3
Tangible fixed assets
Motor vehicles
£
Cost
At 1 April 2024 and 31 March 2025
10,398
Depreciation and impairment
At 1 April 2024
10,397
Depreciation charged in the year
1
At 31 March 2025
10,398
Carrying amount
At 31 March 2025
-
0
At 31 March 2024
1
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
22,116
15,000
Other debtors
19,454
26,203
41,570
41,203
5
Creditors: amounts falling due within one year
2025
2024
£
£
Corporation tax
14,875
14,380
Other taxation and social security
10,205
5,421
Other creditors
20,276
16,606
45,356
36,407
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
4,700
9,314
7
Company information

SKI Electrical Limited is a private company limited by shares incorporated in England and Wales. The registered office is 23 Hopefield Chase, Rothwell, Leeds, LS26 0XX.

2025-03-31 2024-04-01 false false false 31 December 2025 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mr S G Kennedy 7680529 2024-04-01 2025-03-31 7680529 2025-03-31 7680529 2024-03-31 7680529 core:MotorVehicles 2025-03-31 7680529 core:MotorVehicles 2024-03-31 7680529 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 7680529 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 7680529 core:CurrentFinancialInstruments 2025-03-31 7680529 core:CurrentFinancialInstruments 2024-03-31 7680529 core:Non-currentFinancialInstruments 2025-03-31 7680529 core:Non-currentFinancialInstruments 2024-03-31 7680529 core:ShareCapital 2025-03-31 7680529 core:ShareCapital 2024-03-31 7680529 core:RetainedEarningsAccumulatedLosses 2025-03-31 7680529 core:RetainedEarningsAccumulatedLosses 2024-03-31 7680529 bus:Director1 2024-04-01 2025-03-31 7680529 core:MotorVehicles 2024-04-01 2025-03-31 7680529 2023-04-01 2024-03-31 7680529 core:MotorVehicles 2024-03-31 7680529 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 7680529 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 7680529 bus:FRS102 2024-04-01 2025-03-31 7680529 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 7680529 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP