REGISTERED NUMBER: 12362268 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

SKW CONSTRUCTION LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S L Stephenson

K M Ward

S Ward

REGISTERED OFFICE:

The Grange

Pinfold Lane

Bridlington

East Yorkshire

YO16 6XT

REGISTERED NUMBER:

12362268 (England and Wales)

ACCOUNTANTS:

Lloyd Dowson Limited

Medina House

2 Station Avenue

Bridlington

East Yorkshire

YO16 4LZ

FIXED ASSETS

Intangible assets

4

596

596

Tangible assets

5

136,025

175,283

136,621

175,879

CURRENT ASSETS

Stocks

6

220,473

-

Debtors

7

172,851

95,941

Cash at bank

785,780

1,515,391

1,179,104

1,611,332

CREDITORS

Amounts falling due within one year

8

785,539

1,264,714

NET CURRENT ASSETS

393,565

346,618

TOTAL ASSETS LESS CURRENT LIABILITIES

530,186

522,497

CREDITORS

Amounts falling due after more than one year

9

-

(10,574

)

PROVISIONS FOR LIABILITIES

(17,643

)

(43,821

)

NET ASSETS

512,543

468,102

CAPITAL AND RESERVES

Called up share capital

11

100

100

Retained earnings

512,443

468,002

SHAREHOLDERS' FUNDS

512,543

468,102

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 September 2026 and were signed on its behalf by:

S L Stephenson - Director

1.	STATUTORY INFORMATION

SKW Construction 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.

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 derived from construction and consultancy services and is recognised once the work is completed.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Registration plates have an impairment review completed each year.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

Work in progress represents uninvoiced sales at the year end.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the statement of income and retained earnings over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the statement of income and retained earnings over the period to which they relate.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions are charged to the statement of income and retained earnings in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2025

and 31 December 2025

596

NET BOOK VALUE

At 31 December 2025

596

At 31 December 2024

596

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

205,847

Additions

11,175

Disposals

(19,578

)

At 31 December 2025

197,444

DEPRECIATION

At 1 January 2025

30,564

Charge for year

45,788

Eliminated on disposal

(14,933

)

At 31 December 2025

61,419

NET BOOK VALUE

At 31 December 2025

136,025

At 31 December 2024

175,283

The net book value of tangible fixed assets includes £NIL (2024 - £ 6,194 ) in respect of assets held under hire purchase contracts.

6.

STOCKS

31.12.25

31.12.24

£

£

Stocks

220,473

-

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

3,589

13,240

Amounts owed by associates

70,900

60,900

Other debtors

98,362

21,801

172,851

95,941

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans and overdrafts

8,777

10,030

Hire purchase contracts

-

4,180

Trade creditors

406,022

446,390

Taxation and social security

269,618

701,712

Other creditors

101,122

102,402

785,539

1,264,714

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans

-

9,038

Hire purchase contracts

-

1,536

-

10,574

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.25

31.12.24

£

£

Hire purchase contracts

-

5,716

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

55

A ordinary

£1

55

55

20

B ordinary

£1

20

20

20

C ordinary

£1

20

20

5

D ordinary

£1

5

5

100

100

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2025 and 31 December 2024:

31.12.25

31.12.24

£

£

K M Ward

Balance outstanding at start of year

5,030

-

Amounts advanced

-

5,030

Amounts repaid

(1,375

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

3,655

5,030

S Ward

Balance outstanding at start of year

-

-

Amounts advanced

68,000

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

68,000

-