Skyner Engineering Services Ltd |
Registered Number:10787843 |
For the year ended 31 May 2023
England and Wales
Unaudited Financial Statements
For the year ended 31 May 2023
Skyner Engineering Services Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Skyner Engineering Services Ltd
Statement of Financial Position
2022
2023
Property, plant and equipment |
168,717
146,974
2
168,717
146,974
1,700
2,000
3
Trade and other receivables |
229,240
303,100
4
134,790
Cash and cash equivalents |
115,531
420,631
365,730
Trade and other payables: amounts falling due within one |
year |
(194,707)
(247,576)
5
171,023
173,055
Net current assets
Total assets less current liabilities |
341,772
317,997
Trade and other payables: amounts falling due after more |
than one year |
(81,099)
(49,195)
6
(26,189)
(26,854)
Provisions for liabilities |
266,388
Net assets
210,044
8
8
266,380
210,036
266,388
210,044
Shareholders' funds
For the year ended 31 May 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 of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of |
each financial year and of its profit or loss for each financial year in accordance with the requirements of Section |
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial |
statements, so far as applicable to the company. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 13 October 2023 and were signed by: |
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For the year ended 31 May 2023
Skyner Engineering Services Ltd
Statement of Financial Position Continued
The notes form part of these financial statements |
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For the year ended 31 May 2023
Skyner Engineering Services Ltd
Notes to the Financial Statements
Statutory Information
Skyner Engineering Services Ltd is a private limited company, limited by shares, domiciled in England and Wales, |
registration number 10787843. |
Unit 28
Drome Road
Deeside Industrial Park
Deeside
CH5 2NY
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and Machinery
Computer Equipment
Motor Vehicles
Furniture and Fittings
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
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For the year ended 31 May 2023
Skyner Engineering Services Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment |
217,023
4,806
3,993
74,292
133,932
47,685
1,565
-
27,211
18,909
-
-
(17,855)
-
(17,855)
83,648
3,993
6,371
246,853
152,841
Provision for depreciation and impairment |
70,049
3,492
1,654
23,442
41,461
Charge for year
13,248
742
476
-
12,030
(5,161)
-
-
(5,161)
-
78,136
4,234
2,130
18,281
53,491
99,350
65,367
1,863
2,137
168,717
92,471
50,850
2,339
1,314
146,974
2022
2023
2,000
1,700
4. Trade and other receivables |
2022
2023
282,831
209,831
Prepayments and accrued income |
20,269
19,409
229,240
303,100
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For the year ended 31 May 2023
Skyner Engineering Services Ltd
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year |
2022
2023
Bank loans and overdraft (secured) |
10,000
9,745
3,335
-
71,397
67,951
Taxation and social security |
97,273
84,956
Accruals and deferred income |
47,277
12,705
Obligations under HP/Financial leases |
16,679
14,350
1,615
5,000
247,576
194,707
6. Trade and other payables: amounts falling due after more than one year |
2022
2023
Bank loans and overdraft (secured) |
20,765
30,765
12,230
78
38,104
28,352
Obligations under HP/Financial leases |
49,195
81,099
7. Average number of persons employed |
During the year the average number of employees was 18 (2022 : 11)
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