Company Registration No. SC425868 (Scotland)
Sky Rocket Wellness Ltd
Unaudited accounts
for the year ended 31 March 2023
Sky Rocket Wellness Ltd
Unaudited accounts
Contents
Sky Rocket Wellness Ltd
Company Information
for the year ended 31 March 2023
Company Number
SC425868 (Scotland)
Registered Office
3 Boquhapple Mains
Thornhill
Stirling
Stirlingshire
FK8 3AR
Scotland
Accountants
AGL Tax Solutions LLP
2A Station Yard
Haddington
East Lothian
EH41 3PP
Sky Rocket Wellness Ltd
Statement of financial position
as at 31 March 2023
Tangible assets
2,566
2,583
Cash at bank and in hand
48,845
44,974
Creditors: amounts falling due within one year
(7,997)
(2,853)
Net current assets
40,848
48,349
Called up share capital
2
2
Profit and loss account
43,412
50,930
Shareholders' funds
43,414
50,932
For the year ending 31 March 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 her 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 20 October 2023 and were signed on its behalf by
Louise Ramsay
Director
Company Registration No. SC425868
Sky Rocket Wellness Ltd
Notes to the Accounts
for the year ended 31 March 2023
Sky Rocket Wellness Ltd is a private company, limited by shares, registered in Scotland, registration number SC425868. The registered office is 3 Boquhapple Mains, Thornhill , Stirling, Stirlingshire, FK8 3AR, Scotland.
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.
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.
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 historic cost convention.
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company’s ability to
continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are
authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover 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 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:
Plant & machinery
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25% straight line
Sky Rocket Wellness Ltd
Notes to the Accounts
for the year ended 31 March 2023
Taxation for the period comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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.
The accounts are presented in £ sterling.
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Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2022
5,410
2,508
1,162
9,080
At 31 March 2023
6,248
2,508
1,162
9,918
At 1 April 2022
3,339
1,996
1,162
6,497
Charge for the year
727
128
-
855
At 31 March 2023
4,066
2,124
1,162
7,352
At 31 March 2023
2,182
384
-
2,566
At 31 March 2022
2,071
512
-
2,583
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
5,819
360
Loans from directors
618
933
Sky Rocket Wellness Ltd
Notes to the Accounts
for the year ended 31 March 2023
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director's Loan
933
565
850
648
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Average number of employees
During the year the average number of employees was 1 (2022: 1).