| SKV Group Trade Ltd |
| Registered number: |
10263816 |
| Balance Sheet |
| as at 31 July 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
260 |
|
|
260 |
|
| Current assets |
| Stocks |
|
|
21,673 |
|
|
21,673 |
| Cash at bank and in hand |
|
|
190 |
|
|
190 |
|
|
|
21,863 |
|
|
21,863 |
|
| Creditors: amounts falling due within one year |
4 |
|
(2,108) |
|
|
(2,108) |
|
| Net current assets |
|
|
|
19,755 |
|
|
19,755 |
|
| Total assets less current liabilities |
|
|
|
20,015 |
|
|
20,015 |
|
| Creditors: amounts falling due after more than one year |
5 |
|
|
(21,390) |
|
|
(21,390) |
|
|
|
| Net liabilities |
|
|
|
(1,375) |
|
|
(1,375) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
1 |
|
|
1 |
| Profit and loss account |
|
|
|
(1,376) |
|
|
(1,376) |
|
| Shareholders' funds |
|
|
|
(1,375) |
|
|
(1,375) |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Martin Neychev Tenev |
| Director |
| Approved by the board on 28 April 2026 |
|
| SKV Group Trade Ltd |
| Notes to the Accounts |
| for the year ended 31 July 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable net of discounts. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. |
|
Going concern |
|
Despite having no sales during the year, the directors expect sales to start soon. The company has no external borrowing or debts and no external credit will be required in the future. The company has been financed by its director, who will not call in repayment of the debt within the foreseeable future. As a result the going concern basis of accounting is adopted.
|
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
Foreign currency translation |
|
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
| £ |
|
Cost |
|
At 1 August 2024 |
650 |
|
At 31 July 2025 |
650 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 August 2024 |
390 |
|
At 31 July 2025 |
390 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 July 2025 |
260 |
|
At 31 July 2024 |
260 |
|
|
| 4 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Other creditors |
2,108 |
|
2,108 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank and other loans |
21,390 |
|
21,390 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Other information |
|
|
SKV Group Trade Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
48e Coombe Road |
|
Croydon |
|
CR0 5SG |