Abbreviated Company Accounts - SKM RETAIL LTD

05109527 SKM RETAIL LTD 2015-02-21 false 2014-02-22 2015-02-21 true 05109527 2014-02-22 2015-02-21 05109527 2015-02-21 05109527 2014-02-21 05109527 uk-gaap-cd-bus:Director1 2014-02-22 2015-02-21 05109527 uk-gaap-cd-bus:Director2 2014-02-22 2015-02-21 uk-gaap-cd-bus:OrdinaryShareClass1 2014-02-22 2015-02-21 uk-gaap-cd-bus:OrdinaryShareClass1 2015-02-21 uk-gaap-cd-bus:OrdinaryShareClass1 2014-02-21 iso4217:GBP shares

Registered Number 05109527

SKM RETAIL LTD

Abbreviated Accounts

21 February 2015

SKM RETAIL LTD Registered Number 05109527

Abbreviated Balance Sheet as at 21 February 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	175,090	175,090
Tangible assets	3	365,000	365,000
		540,090	540,090
Current assets
Debtors		41,447	22,131
Cash at bank and in hand		4,182	1,825
		45,629	23,956
Creditors: amounts falling due within one year		(14,450)	(20,315)
Net current assets (liabilities)		31,179	3,641
Total assets less current liabilities		571,269	543,731
Creditors: amounts falling due after more than one year		(556,938)	(515,511)
Total net assets (liabilities)		14,331	28,220
Capital and reserves
Called up share capital	4	1	1
Profit and loss account		14,330	28,219
Shareholders' funds		14,331	28,220

For the year ending 21 February 2015 the company was entitled to exemption 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 directors acknowledge 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.

Approved by the Board on 14 October 2015

And signed on their behalf by:
KESHIGA SASEENDRAN, Director

SKM RETAIL LTD Registered Number 05109527

Notes to the Abbreviated Accounts for the period ended 21 February 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents value of goods and services provided, excluding value added tax.

Tangible assets depreciation policy
The Directors felt that there has been no reduction in the value of the assets in the year .

Intangible assets amortisation policy
The Directors felt that there has been no reduction in the value of the assets.

2Intangible fixed assets

	£
Cost
At 22 February 2014	175,090
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 21 February 2015	175,090
Amortisation
At 22 February 2014	-
Charge for the year	-
On disposals	-
At 21 February 2015	-
Net book values
At 21 February 2015	175,090
At 21 February 2014	175,090

The Directors felt that there has been no reduction in the value of the assets in the year.

3Tangible fixed assets

	£
Cost
At 22 February 2014	365,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 21 February 2015	365,000
Depreciation
At 22 February 2014	-
Charge for the year	-
On disposals	-
At 21 February 2015	-
Net book values
At 21 February 2015	365,000
At 21 February 2014	365,000

The Directors felt that there has been no reduction in the value of the assets in the year.

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
1 Ordinary share of £1 each	1	1