IRIS Accounts Production v23.3.0.418 04815121 director 1.7.22 30.6.23 30.6.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh048151212022-06-30048151212023-06-30048151212022-07-012023-06-30048151212021-06-30048151212021-07-012022-06-30048151212022-06-3004815121ns10:Originalns15:EnglandWales2022-07-012023-06-3004815121ns14:PoundSterlingns10:Original2022-07-012023-06-3004815121ns10:Originalns10:Director12022-07-012023-06-3004815121ns10:Original2022-07-012023-06-3004815121ns10:Original2023-06-3004815121ns10:Originalns10:PrivateLimitedCompanyLtd2022-07-012023-06-3004815121ns10:Originalns10:SmallEntities2022-07-012023-06-3004815121ns10:Originalns10:AuditExempt-NoAccountantsReport2022-07-012023-06-3004815121ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-07-012023-06-3004815121ns10:SmallCompaniesRegimeForAccountsns10:Original2022-07-012023-06-3004815121ns10:Originalns10:FullAccounts2022-07-012023-06-3004815121ns10:Originalns10:RegisteredOffice2022-07-012023-06-3004815121ns10:Original2022-06-3004815121ns10:Originalns5:CurrentFinancialInstruments2023-06-3004815121ns10:Originalns5:CurrentFinancialInstruments2022-06-3004815121ns5:ShareCapitalns10:Original2023-06-3004815121ns5:ShareCapitalns10:Original2022-06-3004815121ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-06-3004815121ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-06-3004815121ns10:Originalns5:PlantMachinery2022-07-012023-06-3004815121ns10:Original2021-07-012022-06-3004815121ns10:Originalns5:PlantMachinery2022-06-3004815121ns10:Originalns5:PlantMachinery2023-06-3004815121ns10:Originalns5:PlantMachinery2022-06-3004815121ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-3004815121ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-06-30
REGISTERED NUMBER: 04815121 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

SKYTECH HELICOPTERS LIMITED

SKYTECH HELICOPTERS LIMITED (REGISTERED NUMBER: 04815121)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SKYTECH HELICOPTERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTOR: Mr M J Lovell



REGISTERED OFFICE: 5 Alexander Court
Irchester
Northamptonshire
NN29 7EL



REGISTERED NUMBER: 04815121 (England and Wales)



ACCOUNTANT: Andrew W Berens FCA.
Chartered Accountant
48 Ringley Drive
Whitefield
Manchester
M45 7LR



BANKERS: NatWest Bank Plc
40 Market Street
Wellingborough
Northamptonshire
NN8 1AD

SKYTECH HELICOPTERS LIMITED (REGISTERED NUMBER: 04815121)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 2,864 3,893

CURRENT ASSETS
Inventories 136,284 148,587
Debtors 5 127,312 82,060
Cash at bank 93,870 67,987
357,466 298,634
CREDITORS
Amounts falling due within one year 6 (125,160 ) (106,606 )
NET CURRENT ASSETS 232,306 192,028
TOTAL ASSETS LESS CURRENT
LIABILITIES

235,170

195,921

PROVISIONS FOR LIABILITIES (545 ) (740 )
NET ASSETS 234,625 195,181

CAPITAL AND RESERVES
Called up share capital 52 52
Retained earnings 234,573 195,129
SHAREHOLDERS' FUNDS 234,625 195,181

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

SKYTECH HELICOPTERS LIMITED (REGISTERED NUMBER: 04815121)

BALANCE SHEET - continued
30 JUNE 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 October 2023 and were signed by:





Mr M J Lovell - Director


SKYTECH HELICOPTERS LIMITED (REGISTERED NUMBER: 04815121)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Skytech Helicopters Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 20% on reducing balance and 15% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

SKYTECH HELICOPTERS LIMITED (REGISTERED NUMBER: 04815121)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 July 2022
and 30 June 2023 55,544
DEPRECIATION
At 1 July 2022 51,651
Charge for year 1,029
At 30 June 2023 52,680
NET BOOK VALUE
At 30 June 2023 2,864
At 30 June 2022 3,893

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 100,120 59,945
Other debtors 30 -
Prepayments 27,162 22,115
127,312 82,060

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 18,367 21,080
Tax 21,048 19,676
Social security and other taxes 5,425 1,520
VAT 38,371 35,067
Other creditors 7,097 -
Company Credit Card 3,287 1,004
Pension 2,247 518
Directors' current accounts 27,863 26,286
Accrued expenses 1,455 1,455
125,160 106,606

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The amount owed by the company to the director at 30th June 2023 was £27,863 (2022 - £26,286) This amount is interest free and repayable on demand.