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Company Registration No. 11852991 (England and Wales)
D-SKY LTD Unaudited accounts for the year ended 28 February 2023
D-SKY LTD Unaudited accounts Contents
Page
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D-SKY LTD Company Information for the year ended 28 February 2023
Director
Kehinde Olusegun Onasanya
Company Number
11852991 (England and Wales)
Registered Office
10 PIMMCROFT WAY SALE M33 2LA UNITED KINGDOM
Accountants
Rawson Irekponor (BSc,MSc,MBA,MAAT,ACCA,FCCA) Rawson & Co Accountants Liverpool Innovation Park Edge lane Liverpool L7 9NJ
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D-SKY LTD Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
47,000 
47,000 
Tangible assets
7,136 
9,370 
54,136 
56,370 
Current assets
Inventories
88,284 
35,000 
Debtors
81,000 
45,000 
Cash at bank and in hand
(21,922)
22,051 
147,362 
102,051 
Creditors: amounts falling due within one year
(78,493)
(44,600)
Net current assets
68,869 
57,451 
Total assets less current liabilities
123,005 
113,821 
Creditors: amounts falling due after more than one year
(20,000)
(28,000)
Net assets
103,005 
85,821 
Capital and reserves
Called up share capital
2 
2 
Share premium
90,000 
90,000 
Profit and loss account
13,003 
(4,181)
Shareholders' funds
103,005 
85,821 
For the year ending 28 February 2023 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 12 May 2023 and were signed on its behalf by
Kehinde Olusegun Onasanya Director Company Registration No. 11852991
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D-SKY LTD Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
D-SKY LTD is a private company, limited by shares, registered in England and Wales, registration number 11852991. The registered office is 10 PIMMCROFT WAY, SALE, M33 2LA, UNITED KINGDOM.
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.
3
Accounting policies
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.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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:
Motor vehicles
1
Computer equipment
3
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 March 2022
47,000 
At 28 February 2023
47,000 
Amortisation
At 1 March 2022
- 
At 28 February 2023
- 
Net book value
At 28 February 2023
47,000 
At 28 February 2022
47,000 
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D-SKY LTD Notes to the Accounts for the year ended 28 February 2023
5
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2022
4,680 
9,498 
14,178 
At 28 February 2023
4,680 
9,498 
14,178 
Depreciation
At 1 March 2022
1,560 
3,248 
4,808 
Charge for the year
780 
1,454 
2,234 
At 28 February 2023
2,340 
4,702 
7,042 
Net book value
At 28 February 2023
2,340 
4,796 
7,136 
At 28 February 2022
3,120 
6,250 
9,370 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
81,000 
45,000 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
- 
7,600 
Trade creditors
18,000 
30,000 
Taxes and social security
15,609 
7,000 
Proposed dividends
7,500 
- 
Loans from directors
14,100 
- 
Accruals
23,284 
- 
78,493 
44,600 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
20,000 
28,000 
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
10
Average number of employees
During the year the average number of employees was 12 (2022: 8).
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