Company registration number:
08111859
Skynet Future Technologies Limited
Unaudited filleted financial statements
30 June 2018
Skynet Future Technologies Limited
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Skynet Future Technologies Limited
Directors and other information
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Directors
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Mr Philip Henry
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Mr Asa James Henry
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Company number
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08111859
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Registered office
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48 Masefield Road
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Warminster
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Wiltshire
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BA12 8HR
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Business address
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48 Masefield Road
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Warminster
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Wiltshire
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BA12 8HR
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Accountants
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M C Accountancy And Business Services Limited
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3 Newopaul Way
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Warminster Business Park
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Bath Road
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Warmister, Wiltshire
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BA12 8RY
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Skynet Future Technologies Limited
Statement of financial position
30 June 2018
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2018
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2017
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Note
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£
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£
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£
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£
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Current assets
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Cash at bank and in hand
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64
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71
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_______
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_______
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64
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71
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Creditors: amounts falling due
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within one year
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4
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(
1,751)
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(
394)
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_______
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_______
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Net current liabilities
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(
1,687)
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(
323)
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_______
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_______
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Total assets less current liabilities
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(
1,687)
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(
323)
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_______
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_______
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Net liabilities
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(
1,687)
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(
323)
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_______
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_______
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Capital and reserves
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Called up share capital
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2
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2
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Profit and loss account
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(
1,689)
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(
325)
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_______
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_______
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Shareholders deficit
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(
1,687)
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(
323)
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_______
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_______
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For the year ending 30 June 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
15 March 2019
, and are signed on behalf of the board by:
Mr Philip Henry
Director
Company registration number:
08111859
Skynet Future Technologies Limited
Statement of changes in equity
Year ended 30 June 2018
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Called up share capital
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Profit and loss account
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Total
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£
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£
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£
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At 1 July 2016
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2
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-
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2
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Loss for the year
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(
325)
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(
325)
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_______
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_______
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Total comprehensive income for the year
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-
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(
325)
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(
325)
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_______
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_______
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At 30 June 2017 and 1 July 2017
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2
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(
325)
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(
323)
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Loss for the year
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(
1,364)
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(
1,364)
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_______
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_______
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_______
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Total comprehensive income for the year
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-
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(
1,364)
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(
1,364)
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_______
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_______
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_______
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At 30 June 2018
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2
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(
1,689)
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(
1,687)
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_______
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_______
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_______
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Skynet Future Technologies Limited
Notes to the financial statements
Year ended 30 June 2018
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 48 Masefield Road, Warminster, Wiltshire, BA12 8HR.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The accounts are prepared on a going concern basis due to the ongoing support of the company directors and shareholders.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
4.
Creditors: amounts falling due within one year
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2018
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2017
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£
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£
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Other creditors
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1,751
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394
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_______
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_______
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5.
Directors advances, credits and guarantees
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During the year the directors entered into the following advances and credits with the company:
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2018
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Balance brought forward
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Advances /(credits) to the directors
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Balance o/standing
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£
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£
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£
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Mr Philip Henry
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(
394)
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(
1,157)
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(
1,551)
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_______
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_______
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_______
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2017
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Balance brought forward
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Advances /(credits) to the directors
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Balance o/standing
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£
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£
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£
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Mr Philip Henry
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-
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(
394)
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(
394)
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_______
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_______
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_______
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6.
Controlling party
The company is controlled by the directors who each own 50% of the company share capital.