S K Financial Limited - Limited company - abbreviated

REGISTERED NUMBER: 06265064 (England and Wales)

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 MAY 2014

FOR

S K FINANCIAL LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr R K Choraria

Mr S 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

BUSINESS ADDRESS:

68 Hawtrey Road

London

NW3 3SS

FIXED ASSETS

Tangible assets

2

1,805

1,907

CURRENT ASSETS

Debtors

104,418

76,815

Cash at bank

6,950

11,809

111,368

88,624

CREDITORS

Amounts falling due within one year

97,964

77,223

NET CURRENT ASSETS

13,404

11,401

TOTAL ASSETS LESS CURRENT
LIABILITIES

15,209

13,308

CAPITAL AND RESERVES

Called up share capital

3

10,000

Profit and loss account

5,209

3,308

SHAREHOLDERS' FUNDS

15,209

13,308

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 10 December 2014 and were signed on its behalf by:

Mr R K Choraria - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

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

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2013

3,477

Additions

488

At 31 May 2014

3,965

DEPRECIATION

At 1 June 2013

1,570

Charge for year

590

At 31 May 2014

2,160

NET BOOK VALUE

At 31 May 2014

1,805

At 31 May 2013

1,907

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.14

31.5.13

value:

£

10,000

Ordinary

£ 1

10,000

S K Financial Limited - Limited company - abbreviated - 11.6

S K Financial Limited - Limited company - abbreviated - 11.6