Company Registration No. 07370618 (England and Wales)
SK Homes (Southern) Limited
Unaudited accounts
for the year ended 30 September 2017
SK Homes (Southern) Limited
Unaudited accounts
Contents
SK Homes (Southern) Limited
Company Information
for the year ended 30 September 2017
Directors
R E King
S D King
Company Number
07370618 (England and Wales)
Registered Office
4 HOWARDS LANE
HOLYBOURNE
HAMPSHIRE
GU34 4HH
SK Homes (Southern) Limited
Statement of financial position
as at
30 September 2017
Inventories
250,000
425,000
Cash at bank and in hand
347
1,879
Creditors: amounts falling due within one year
(345,958)
(268,167)
Net current assets
189,389
158,712
Net assets
189,549
158,925
Called up share capital
100
100
Profit and loss account
189,449
158,825
Shareholders' funds
189,549
158,925
For the year ending 30 September 2017 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 26 June 2018.
R E King
Director
Company Registration No. 07370618
SK Homes (Southern) Limited
Notes to the Accounts
for the year ended 30 September 2017
SK Homes (Southern) Limited is a private company, limited by shares, registered in England and Wales, registration number 07370618. The registered office is 4 HOWARDS LANE, HOLYBOURNE, HAMPSHIRE, GU34 4HH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 30 September 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 October 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
SK Homes (Southern) Limited
Notes to the Accounts
for the year ended 30 September 2017
4
Tangible fixed assets
Plant & machinery
Cost or valuation
At cost
At 30 September 2017
1,089
Raw materials
250,000
425,000
7
Creditors: amounts falling due within one year
2017
2016
Taxes and social security
7,657
11,171
Other creditors
324,905
210,050
Loans from directors
12,896
46,446
8
Average number of employees
During the year the average number of employees was 2 (2016: 2).