SKS VENTURES LIMITED


Director	SHAH, Shilpan


Registered Address	170 Kingsway
	Gatley
	Cheadle
	SK8 4NT


Registered Number	08463173 (England and Wales)

Statement of Financial Position
31 March 2026

	Notes	2026		2025
		£	£	£	£
Fixed assets
Intangible assets	3		52,638		97,757
Tangible assets	4		132,874		73,039
			185,512		170,796
Current assets
Stocks		13,729		13,834
Debtors	5	9,378		23,781
Cash at bank and on hand		122,218		107,162
		145,325		144,777
Creditors amounts falling due within one year	6	(518,166)		(475,621)
Net current assets (liabilities)			(372,841)		(330,844)
Total assets less current liabilities			(187,329)		(160,048)
Creditors amounts falling due after one year	7		(195,038)		(200,910)
Provisions for liabilities			(26,082)		(17,726)
Net assets			(408,449)		(378,684)
Capital and reserves
Called up share capital			100		100
Profit and loss account			(408,549)		(378,784)
Shareholders' funds			(408,449)		(378,684)

The company was entitled to exemption from audit for this reporting period 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 their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 3 September 2026, and are signed on its behalf by:

SHAH, Shilpan
Director
Registered Company No. 08463173

SKS VENTURES LIMITED

Notes to the Financial Statements
for the year ended 31 March 2026

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Going concern
	At the balance sheet date the company's balance sheet was overdrawn showing a net deficit. The major creditor of the company is the director. The director has confirmed that he will not demand repayment of this loan if it would prejudice the payment of external creditors. For this reason the company continues to adopt the going concern basis for these financial statements.

	Turnover policy
	Turnover represents revenue, excluding value added tax, from the sale of food and beverages and is recognised at the point of sale.

	Operating leases
	Where, substantially, all the risks and rewards of ownership of the asset do not transfer from the lessor to the company, the lease is treated as an operating lease. Rentals payable under operating leases are charged to the Income Statement on a straight-line basis over the period of the lease.

	Defined contribution pension plan
	The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in other creditors in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. 

Contributions to defined contribution plans are expensed in the period to which they relate.  Amounts not paid are shown in other creditors in the Statement of Financial Position.  The assets of the plan are held separately from the company in independently administered funds.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	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.

Deferred tax

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.

	Goodwill
	Goodwill arising on an acquisition of a business is carried at cost less accumulated impairment losses, if any. Goodwill is amortised over its expected useful life which is estimated to be ten years. Goodwill is assessed for impairment when there are indicators of impairment and any impairment is charged to the income statement. No reversals of impairment are recognised.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement

Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Land and buildings	10
	Plant and machinery	5
	Office Equipment	3

	Financial instruments
	The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

	Government grants or assistance
	Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to the Income Statement at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income. Grants of a revenue nature are recognised in the Income Statement in the same period as the related expenditure.

Government grants or assistance

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to the Income Statement at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income. 

Grants of a revenue nature are recognised in the Income Statement in the same period as the related expenditure.

2.	Average number of employees


		2026		2025
	Average number of employees during the year	28		27

3.	Intangible assets

	Goodwill	Total
	£	£
Cost or valuation
At 01 April 25	533,214	533,214
At 31 March 26	533,214	533,214
Amortisation and impairment
At 01 April 25	435,457	435,457
Charge for year	45,119	45,119
At 31 March 26	480,576	480,576
Net book value
At 31 March 26	52,638	52,638
At 31 March 25	97,757	97,757

4.	Tangible fixed assets

	Land & buildings	Plant & machinery	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 April 25	182,329	438,461	5,859	626,649
Additions	-	91,645	-	91,645
At 31 March 26	182,329	530,106	5,859	718,294
Depreciation and impairment
At 01 April 25	180,195	367,556	5,859	553,610
Charge for year	1,067	30,743	-	31,810
At 31 March 26	181,262	398,299	5,859	585,420
Net book value
At 31 March 26	1,067	131,807	-	132,874
At 31 March 25	2,134	70,905	-	73,039

5.	Debtors: amounts due within one year

	2026	2025
	£	£
Other debtors	891	18,648
Prepayments and accrued income	8,487	5,133
Total	9,378	23,781

6.	Creditors: amounts due within one year

	2026	2025
	£	£
Trade creditors / trade payables	94,526	50,398
Bank borrowings and overdrafts	6,618	6,618
Taxation and social security	14,528	45,829
Other creditors	353,096	324,692
Accrued liabilities and deferred income	49,398	48,084
Total	518,166	475,621

7.	Creditors: amounts due after one year

	2026	2025
	£	£
Bank borrowings and overdrafts	20,038	25,910
Other creditors	175,000	175,000
Total	195,038	200,910

8.	Operating lease commitments
	At 31 March 2026 the company had future minimum lease payments under non-cancellable operating leases of £627,617 (2025: £166,299).

9.	Related party transactions
	During the year the director had a loan account with the company. At the balance sheet date the company owed the director £188,952 (2025: £186,032). This loan is unsecured and interest free. The director has agreed not to seek repayment of £75,000 within 12 months of the year end, the remainder of the loan is repayable on demand.