Company registration number 09300847 (England and Wales)
SKYTRAIL CONSULTING LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021
SKYTRAIL CONSULTING LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
SKYTRAIL CONSULTING LTD
BALANCE SHEET
AS AT
30 NOVEMBER 2021
30 November 2021
- 1 -
2021
2020
Notes
£
£
£
£
Fixed assets
Tangible assets
3
8,727
8,161
Current assets
Debtors
4
138,289
63,818
Cash at bank and in hand
2,681
15,465
140,970
79,283
Creditors: amounts falling due within one year
5
(51,946)
(22,595)
Net current assets
89,024
56,688
Total assets less current liabilities
97,751
64,849
Provisions for liabilities
(1,658)
(1,550)
Net assets
96,093
63,299
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
95,993
63,199
Total equity
96,093
63,299
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 30 November 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
SKYTRAIL CONSULTING LTD
BALANCE SHEET (CONTINUED)
AS AT
30 NOVEMBER 2021
30 November 2021
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 30 August 2022
Samuel Imevbore
Director
Company Registration No. 09300847
SKYTRAIL CONSULTING LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021
- 3 -
1
Accounting policies
Company information
Skytrail Consulting Ltd is a
private
company
limited by shares
incorporated in
England and Wales
.
The registered office is
316 Westwood Heath Road, Coventry, West Mdilands, UK, CV4 8GP.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Current tax is recognised at the amount of tax payable using the tax rates and laws that have
been enacted or substantively enacted by the balance sheet date.
1.3
Tangible fixed assets
Tangible fixed assets
are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings
20% on cost
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and
is credited or charged to profit or loss
.
1.4
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the
profit and loss account
because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed
at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods
different from those in which they are recognised in financial statements. Deferred tax is
measured using tax rates and laws that have been enacted or substantively enacted by the year
end and that are expected to apply to the reversal of the timing difference.
SKYTRAIL CONSULTING LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2021
1
Accounting policies
(Continued)
- 4 -
1.5
Government grants
Coronavirus Job Retention Scheme grant was received during the year and recognised in other
operating income.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2021
2020
Number
Number
Total
1
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2020
20,572
Additions
5,850
At 30 November 2021
26,422
Depreciation and impairment
At 1 December 2020
12,411
Depreciation charged in the year
5,284
At 30 November 2021
17,695
Carrying amount
At 30 November 2021
8,727
At 30 November 2020
8,161
4
Debtors
2021
2020
Amounts falling due within one year:
£
£
Trade debtors
10,079
9,598
Other debtors
128,210
54,220
138,289
63,818
SKYTRAIL CONSULTING LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2021
- 5 -
5
Creditors: amounts falling due within one year
2021
2020
£
£
Corporation tax
39,112
10,842
Other taxation and social security
12,613
11,504
Other creditors
221
249
51,946
22,595
6
Director's Advances, Credit and Guarantees
The following advances and credits to a director subsisted during the years ended 3
0
November
202
0
and 3
0
November 2021
:
2021 2020
£ £
Samuel Imevbore
Balance outstanding at start of year
54,220
2,694
Amounts advanced
94,520
54,220
Amounts repaid
(54,220)
(2,694)
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year
94,520
54,220
The loan is unsecured, interest free and repayable on demand.
7
Ultimate Controlling Pasrty
The controlling party is Samuel Imevbore.