ASTROMANIA SKY LIMITED

Company Registration Number:
14086251 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2023

Period of accounts

Start date: 4 May 2022

End date: 31 May 2023

ASTROMANIA SKY LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

ASTROMANIA SKY LIMITED

Directors' report period ended 31 May 2023

The directors present their report with the financial statements of the company for the period ended 31 May 2023

Principal activities of the company

Commodity trader business which buys and sells physical commodities such as metals or oil. Trading aims to profit from anticipated trends as well as arbitrage opportunities



Directors

The director shown below has held office during the whole of the period from
4 May 2022 to 31 May 2023

Laiela Sara Khan


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
21 October 2023

And signed on behalf of the board by:
Name: Laiela Sara Khan
Status: Director

ASTROMANIA SKY LIMITED

Profit And Loss Account

for the Period Ended 31 May 2023

13 months to 31 May 2023


£
Turnover: 450,000
Cost of sales: ( 375,621 )
Gross profit(or loss): 74,379
Distribution costs: 0
Administrative expenses: ( 27,525 )
Other operating income: 0
Operating profit(or loss): 46,854
Interest payable and similar charges: 0
Profit(or loss) before tax: 46,854
Tax: ( 8,902 )
Profit(or loss) for the financial year: 37,952

ASTROMANIA SKY LIMITED

Balance sheet

As at 31 May 2023

Notes 13 months to 31 May 2023


£
Called up share capital not paid: 0
Fixed assets
Intangible assets:   0
Tangible assets:   0
Investments:   0
Total fixed assets: 0
Current assets
Stocks: 3 91,000
Debtors:   0
Cash at bank and in hand: 18,000
Total current assets: 109,000
Prepayments and accrued income: 0
Creditors: amounts falling due within one year:   0
Net current assets (liabilities): 109,000
Total assets less current liabilities: 109,000
Creditors: amounts falling due after more than one year: 4 ( 70,948 )
Provision for liabilities: 0
Accruals and deferred income: 0
Total net assets (liabilities): 38,052
Capital and reserves
Called up share capital: 100
Share premium account: 0
Other reserves: 0
Profit and loss account: 37,952
Total Shareholders' funds: 38,052

The notes form part of these financial statements

ASTROMANIA SKY LIMITED

Balance sheet statements

For the year ending 31 May 2023 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 21 October 2023
and signed on behalf of the board by:

Name: Laiela Sara Khan
Status: Director

The notes form part of these financial statements

ASTROMANIA SKY LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net ofdiscounts and value added taxes. Turnover includes revenue earned from the sale of goods andfrom the rendering of services. Turnover from the sale of goods is recognised when thesignificant risks and rewards of ownership of the goods have transferred to the buyer. Turnoverfrom the rendering of services is recognised by reference to the stage of completion of thecontract. The stage of completion of a contract is measured by comparing the costs incurred forwork performed to date to the total estimated contract costs.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulative depreciation and any accumulativeimpairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land,at rates calculated to write off the cost, less estimated residual value, of each asset evenly overits expected useful life, as follows:Freehold buildings over 50 yearsLeasehold land and buildings over the lease termPlant and machinery over 5 yearsFixtures, fittings, tools and equipment over 5 years

    Intangible fixed assets amortisation policy

    Intangible fixed assets are measured at cost less accumulative amortisation and anyaccumulative impairment losses.

ASTROMANIA SKY LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

  • 2. Employees

    13 months to 31 May 2023
    Average number of employees during the period 1

ASTROMANIA SKY LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

3. Stocks

13 months to 31 May 2023
£
Stocks 91,000
Payments on account 0
Total 91,000

ASTROMANIA SKY LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

4. Creditors: amounts falling due after more than one year note

13 months to 31 May 2023
£
Bank loans and overdrafts 0
Amounts due under finance leases and hire purchase contracts 0
Other creditors 70,948
Total 70,948