SK Computing Limited - Period Ending 2019-08-31

Registration number: 4052932

SK Computing Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 August 2019

SK Computing Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	2

SK Computing Limited

Company Information

Director

Mr Colin Gibson

Company secretary

Mrs Wendy Gibson

Registered office

8 Orchard End Caterham Surrey CR3 5UR

Page 1

SK Computing Limited

(Registration number: 4052932)
Balance Sheet as at 31 August 2019

	2019 £	2018 £
Fixed assets	2,623	3,274
Current assets	42,210	33,333
Prepayments and accrued income	594	331
Creditors: Amounts falling due within one year	(20,782)	(24,953)
Net current assets	22,022	8,711
	24,645	11,985
Capital and reserves	24,645	11,985

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
8 Orchard End
Caterham
Surrey
CR3 5UR

These financial statements were authorised for issue by the director on 13 May 2020.

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

2	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2018 - 2).

3	Related party transactions

Transactions with directors

2019	At 1 September 2018 £	Advances to directors £	Repayments by director £	At 31 August 2019 £
Mr Colin Gibson
	(864)	41,010	(31,416)	8,730
Mrs Wendy Gibson
	(400)	26,600	(20,800)	5,400

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SK Computing Limited

(Registration number: 4052932)
Balance Sheet as at 31 August 2019

During the year Wendy Gibson ceased to be a director but continued to be an employee, £4,000 of the above payments to her were made to her after she ceased to be a director and were thus a staff loan rather than a director's loan.

2018	At 1 September 2017 £	Advances to directors £	Repayments by director £	At 31 August 2018 £
Mr Colin Gibson
	(184)	42,736	(43,416)	(864)
Mrs Wendy Gibson
	-	28,400	(28,800)	(400)

Interest free loans were made to the directors during the year. The highest amounts owed were as follows:

Colin Gibson £9,472 (£5,077 - 2018)
Wendy Gibson £9,000 (£3,305 - 2018)

The loans have since been fully repaid.


 

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

For the financial year ending 31 August 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved and authorised by the director on 13 May 2020
 

.........................................

Mr Colin Gibson
Director

Page 3