S K Financial Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06265064 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2022

FOR

S K FINANCIAL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr R K Choraria

SECRETARY:

Mrs. I Choraria

REGISTERED OFFICE:

45 Greenways

Abbots Langley

Hertfordshire

WD5 0EU

REGISTERED NUMBER:

06265064 (England and Wales)

ACCOUNTANTS:

Visana Chartered Accountants

45 Greenways

Abbots Langley

Hertfordshire

WD5 0EU

29:

68 Hawtrey Road

London

NW3 3SS

FIXED ASSETS

Tangible assets

4

54

54

CURRENT ASSETS

Debtors

5

46,742

36,000

Cash at bank

6,747

7,869

53,489

43,869

CREDITORS

Amounts falling due within one year

6

6,486

3,203

NET CURRENT ASSETS

47,003

40,666

TOTAL ASSETS LESS CURRENT LIABILITIES

47,057

40,720

CAPITAL AND RESERVES

Called up share capital

7

10,000

10,000

Retained earnings

8

37,057

30,720

SHAREHOLDERS' FUNDS

47,057

40,720

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2022 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 15 December 2022 and were signed by:

Mr R K Choraria - Director

1.	STATUTORY INFORMATION

S K Financial Limited 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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

15% on cost

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Equipment

& Fixtures

£

COST

At 1 June 2021

and 31 May 2022

4,584

DEPRECIATION

At 1 June 2021

and 31 May 2022

4,530

NET BOOK VALUE

At 31 May 2022

54

At 31 May 2021

54

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.22

31.5.21

£

£

Trade debtors

46,742

36,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.22

31.5.21

£

£

Corporation Tax

1,484

345

PAYE

74

74

Directors' current accounts

3,283

2,652

Accrued expenses

1,645

132

6,486

3,203

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.22

31.5.21

value:

£

£

10,000

Ordinary

£ 1

10,000

10,000

8.

RESERVES

Retained

earnings

£

At 1 June 2021

30,720

Profit for the year

6,337

At 31 May 2022

37,057