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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
Page
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Sky Rocket Wellness Ltd Company Information for the year ended 31 March 2023
Director
Louise Ramsay
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
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Sky Rocket Wellness Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,566 
2,583 
Current assets
Debtors
- 
6,228 
Cash at bank and in hand
48,845 
44,974 
48,845 
51,202 
Creditors: amounts falling due within one year
(7,997)
(2,853)
Net current assets
40,848 
48,349 
Net assets
43,414 
50,932 
Capital and reserves
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
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Sky Rocket Wellness Ltd Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
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.
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.
Basis of preparation
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.
Going concern
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
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
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Sky Rocket Wellness Ltd Notes to the Accounts for the year ended 31 March 2023
Taxation
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.
Presentation currency
The accounts are presented in £ sterling.
4
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 
Additions
838 
- 
- 
838 
At 31 March 2023
6,248 
2,508 
1,162 
9,918 
Depreciation
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 
Net book value
At 31 March 2023
2,182 
384 
- 
2,566 
At 31 March 2022
2,071 
512 
- 
2,583 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
6,228 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
5,819 
360 
Loans from directors
618 
933 
Accruals
1,560 
1,560 
7,997 
2,853 
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Sky Rocket Wellness Ltd Notes to the Accounts for the year ended 31 March 2023
7
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Director's Loan
933 
565 
850 
648 
933 
565 
850 
648 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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