SKM Products Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 02668811 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

SKM PRODUCTS LIMITED

Page

Company Information

1

Balance Sheet

2

Chartered Accountants' Report

3

DIRECTORS:

M H Preston Snr

Mrs J Preston

K L Smith

SECRETARY:

Mrs J Preston

REGISTERED OFFICE:

199 Clarendon Park Road

Leicester

LE2 3AN

REGISTERED NUMBER:

02668811 (England and Wales)

ACCOUNTANTS:

Power Thompson

Chartered Accountants

Business Advisors

199 Clarendon Park Road

Leicester

LE2 3AN

FIXED ASSETS

26,085

33,740

CURRENT ASSETS

205,944

241,551

CREDITORS

Amounts falling due within one year

(51,889

)

(48,858

)

NET CURRENT ASSETS

154,055

192,693

TOTAL ASSETS LESS CURRENT LIABILITIES

180,140

226,433

CAPITAL AND RESERVES

180,140

226,433

NOTE TO THE FINANCIAL STATEMENTS

1.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the company rented premises from Mr & Mrs M Preston, directors of the company, on a normal

commercial basis. The amount paid during the year for the rent and rates of the premises was £6,375 (2015 -

£3,825).

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 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 in accordance with the micro-entity provisions and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 25 July 2017 and were signed on its behalf by:

M H Preston Snr - Director

The following reproduces the text of the report prepared for the directors and members in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Balance Sheet. Readers are cautioned that the Income Statement is not required to be filed

with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of SKM Products Limited for the year ended 31 December 2016 which comprise the Income

Statement, Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of SKM Products Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of SKM Products Limited and state those matters that we have agreed to state to the Board of Directors of SKM Products Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SKM Products Limited Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that SKM Products Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of SKM Products Limited. You consider that SKM Products Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of SKM Products Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Power Thompson

Chartered Accountants

Business Advisors

199 Clarendon Park Road

Leicester

LE2 3AN

Date: .............................................