REGISTERED NUMBER: 12979773 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

SKS RETAIL GROUP LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S Thakrar

REGISTERED OFFICE:

Lytchett House

13 Freeland Park

Wareham Road

Poole

Dorset

BH16 6FA

REGISTERED NUMBER:

12979773 (England and Wales)

ACCOUNTANTS:

Rawlinson Pryde Limited

Chartered Accountants

Argent House

5 Goldington Road

Bedford

Bedfordshire

MK40 3JY

FIXED ASSETS

Tangible assets

4

310

1,237

CURRENT ASSETS

Stocks

5

333,436

187,776

Debtors

6

103,188

99,054

Investments

7

2,315

1,641

Prepayments and accrued income

6,555

-

Cash at bank

33,538

735

479,032

289,206

CREDITORS

Amounts falling due within one year

8

475,929

244,968

NET CURRENT ASSETS

3,103

44,238

TOTAL ASSETS LESS CURRENT LIABILITIES

3,413

45,475

PROVISIONS FOR LIABILITIES

9

(62

)

(247

)

ACCRUALS AND DEFERRED INCOME

(2,884

)

(2,450

)

NET ASSETS

467

42,778

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

466

42,777

467

42,778

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 9 April 2026 and were signed by:

S Thakrar - Director

1.	STATUTORY INFORMATION

SKS Retail Group 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 recognised at the fair value of consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxed. Turnover comprises of sale of goods.

Revenue from the sale of goods are recognised at the point of sale when goods are delivered and legal title has passed.

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

-

20% on cost

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as either financial assets or financial liabilities.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in profit or loss in other administrative expenses.

Prepayments are valued at the amount prepaid net of any trade discounts due. Accrued income and tax recoverable is included at the best estimate of the amounts receivable at the balance sheet date.

Creditors and provisions are recognised when the company has a legal or constructive obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle the obligation and the amount of the obligation can be reliably measured. Provisions are recognised at the best estimate of the amount required to settle the obligation at the reporting date.

Loans and borrowings are initially recognised at the transaction price including costs. Subsequently, they are measured at amortised cost using the effective interest method, less impairment. If an arrangement constitutes a financing transaction it is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. The present value of a financial asset or financial liability that is repayable on demand is equal to the undiscounted cash amount expect to be pair or received.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Foreign currencies

Assets and liabilities in cryptoassets are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in cryptoassets are translated into sterling at the rate of exchange ruling at the date of transaction.

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.

Investments

Investments comprises of cryptoassets and are valued at their market value at the balance sheet date. Any changes in their fair value are recognised in the profit and loss account for the period.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 November 2024

and 31 October 2025

549

2,702

3,251

DEPRECIATION

At 1 November 2024

201

1,813

2,014

Charge for year

110

817

927

At 31 October 2025

311

2,630

2,941

NET BOOK VALUE

At 31 October 2025

238

72

310

At 31 October 2024

348

889

1,237

5.

STOCKS

31.10.25

31.10.24

£

£

Stocks

333,436

187,776

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Trade debtors

10,299

12,057

Amazon reserved balances

43,148

58,171

Directors' current accounts

19,079

-

VAT

30,662

28,826

103,188

99,054

7.	CURRENT ASSET INVESTMENTS

31.10.25

31.10.24

£

£

Unlisted investments

2,315

1,641

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Bank loans and overdrafts

2,152

7,597

Trade creditors

-

28

Taxation and social security

120,224

46,022

Other creditors

353,553

191,321

475,929

244,968

9.	PROVISIONS FOR LIABILITIES

31.10.25

31.10.24

£

£

Deferred tax

62

247

Deferred

tax

£

Balance at 1 November 2024

247

Credit to Income Statement during year

(185

)

Balance at 31 October 2025

62

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2025 and 31 October 2024:

31.10.25

31.10.24

£

£

S Thakrar

Balance outstanding at start of year

-

-

Amounts advanced

19,079

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

19,079

-

The directors loan account is unsecured and repayable on demand. Interest is charged on any overdrawn balance at the official rate of interest.

There have been various transactions with the director during the year in the form of a director's current account. Information disclosed is therefore given in an aggregated form. The outstanding balance was repaid within 9 months of the year end.