SKM Construction Limited Filleted Accounts Cover |
Company No. 08507068 | |||||||||
SKM Construction Limited Directors Report Registrar |
The Director presents his report and the accounts for the year ended 31 August 2022. | |||||||||
Principal activities | |||||||||
Director | |||||||||
The Director who served at any time during the year was as follows: | |||||||||
S.K. Mansfield | |||||||||
Signed on behalf of the board | |||||||||
S.K. Mansfield | |||||||||
Director | |||||||||
19 May 2023 |
SKM Construction Limited Balance Sheet Registrar |
at | ||||||||||
Company No. | Notes | 2022 | 2021 | |||||||
£ | £ | |||||||||
Fixed assets | ||||||||||
Tangible assets | 4 | |||||||||
Current assets | ||||||||||
Debtors | 5 | |||||||||
Cash at bank and in hand | ||||||||||
Creditors: Amount falling due within one year | 6 | ( | ( | |||||||
Net current (liabilities)/assets | ( | |||||||||
Total assets less current liabilities | ( | |||||||||
Creditors: Amounts falling due after more than one year | 7 | ( | ( | |||||||
Net liabilities | ( | ( | ||||||||
Capital and reserves | ||||||||||
Called up share capital | ||||||||||
Profit and loss account | 9 | ( | ( | |||||||
Total equity | ( | ( | ||||||||
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account. | ||||||||||
Approved by the board on 19 May 2023 | ||||||||||
And signed on its behalf by: | ||||||||||
S.K. Mansfield | ||||||||||
Director | ||||||||||
19 May 2023 |
SKM Construction Limited Notes to the Accounts Registrar |
for the year ended 31 August 2022 | ||||||||||||||
1 | General information | |||||||||||||
Its registered number is: 08507068 | ||||||||||||||
Its registered office is: | ||||||||||||||
2 | Accounting policies | |||||||||||||
Turnover | ||||||||||||||
Revenue from the sale of goods is recognised when all the following conditions are satisfied: • the Company has transferred to the buyer the significant risks and rewards of ownership of the goods; • the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; • the amount of revenue can be measured reliably; • it is probable that the economic benefits associated with the transaction will flow to the Company; and • the costs incurred or to be incurred in respect of the transaction can be measured reliably. Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed. | ||||||||||||||
Tangible fixed assets and depreciation | ||||||||||||||
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss. | ||||||||||||||
Plant and machinery | ||||||||||||||
Motor vehicles | ||||||||||||||
Furniture, fittings and equipment | ||||||||||||||
Taxation | ||||||||||||||
Income tax expense represents the sum of the tax currently payable. The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. | ||||||||||||||
Stocks | ||||||||||||||
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs. Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses. | ||||||||||||||
Trade and other debtors | ||||||||||||||
Trade and other creditors | ||||||||||||||
Defined contribution pensions | ||||||||||||||
The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds. | ||||||||||||||
3 | Employees | |||||||||||||
2022 | 2021 | |||||||||||||
Number | Number | |||||||||||||
The average monthly number of employees (including directors) during the year was: | ||||||||||||||
4 | Tangible fixed assets | |||||||||||||
Plant and machinery | Motor vehicles | Fixtures, fittings and equipment | Total | |||||||||||
£ | £ | £ | £ | |||||||||||
Cost or revaluation | ||||||||||||||
At 1 September 2021 | ||||||||||||||
At 31 August 2022 | ||||||||||||||
Depreciation | ||||||||||||||
At 1 September 2021 | ||||||||||||||
At 31 August 2022 | ||||||||||||||
Net book values | ||||||||||||||
At 31 August 2022 | ||||||||||||||
At 31 August 2021 | - | - | - | |||||||||||
5 | Debtors | |||||||||||||
2022 | 2021 | |||||||||||||
£ | £ | |||||||||||||
Corporation tax recoverable | ||||||||||||||
Loans to directors | ||||||||||||||
Other debtors | ||||||||||||||
6 | Creditors: | |||||||||||||
amounts falling due within one year | ||||||||||||||
2022 | 2021 | |||||||||||||
£ | £ | |||||||||||||
Bank loans and overdrafts | ||||||||||||||
Trade creditors | ||||||||||||||
Taxes and social security | ||||||||||||||
Other creditors | ( | ( | ||||||||||||
Accruals and deferred income | ||||||||||||||
7 | Creditors: | |||||||||||||
amounts falling due after more than one year | ||||||||||||||
2022 | 2021 | |||||||||||||
£ | £ | |||||||||||||
Bank loans and overdrafts | ||||||||||||||
Liabilities repayable in more than five years after the balance sheet date | ||||||||||||||
Amount repayable by instalments | - | 6,250 | ||||||||||||
8 | Share Capital | |||||||||||||
Share capital comprises 1 Ordinary and 1 Ordinary A share of £1 each, allocated, called up and fully paid. | ||||||||||||||
9 | Reserves | |||||||||||||
10 | Advances and credits to directors | |||||||||||||
2022 | 2021 | |||||||||||||
£ | £ | |||||||||||||
At 1 September 2021 | ||||||||||||||
Advanced in the period | ||||||||||||||
Amounts written off in the period | ||||||||||||||
At 31 August 2022 | ||||||||||||||