Company Registration No. 12469039 (England and Wales)
SKY SAIL LIMITED
Unaudited accounts
for the year ended 29 February 2024
SKY SAIL LIMITED
Unaudited accounts
Contents
SKY SAIL LIMITED
Company Information
for the year ended 29 February 2024
Company Number
12469039 (England and Wales)
Registered Office
FLAT 4 HITHER GREEN LANE
LITTLEBOURNE
LONDON
SE13 6TP
ENGLAND
Accountants
Omar Ahmed (ACA)
Aqua Accounting Ltd
5 Whittington Grove
Newcastle upon Tyne
NE5 2QP
SKY SAIL LIMITED
Statement of financial position
as at 29 February 2024
Intangible assets
45,271
31,869
Cash at bank and in hand
19,147
31,555
Creditors: amounts falling due within one year
(12,905)
(5,380)
Net current assets
6,242
26,175
Total assets less current liabilities
51,513
58,044
Creditors: amounts falling due after more than one year
(108,857)
(99,381)
Net liabilities
(57,344)
(41,337)
Called up share capital
1
1
Profit and loss account
(57,345)
(41,338)
Shareholders' funds
(57,344)
(41,337)
For the year ending 29 February 2024 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 director acknowledges his 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.
The financial statements were approved by the Board and authorised for issue on 25 April 2024 and were signed on its behalf by
Dushan Kandasamy
Director
Company Registration No. 12469039
SKY SAIL LIMITED
Notes to the Accounts
for the year ended 29 February 2024
SKY SAIL LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12469039. The registered office is FLAT 4 HITHER GREEN LANE, LITTLEBOURNE, LONDON, SE13 6TP, ENGLAND.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortization. Intangible fixed assets are being amortized on straight line basis over a useful life of 10 years.
4
Intangible fixed assets
Goodwill
At 29 February 2024
60,933
At 29 February 2024
15,662
At 29 February 2024
45,271
At 28 February 2023
31,869
SKY SAIL LIMITED
Notes to the Accounts
for the year ended 29 February 2024
5
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
7,893
1,255
Loans from directors
3,662
3,225
6
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
70,000
50,000
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).