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REGISTERED NUMBER: 08413464 (England and Wales)









SKYLINE ACTIVITIES LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023






SKYLINE ACTIVITIES LIMITED (REGISTERED NUMBER: 08413464)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


SKYLINE ACTIVITIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTOR: Mr J T W Lyon





REGISTERED OFFICE: 31 St Johns
Worcester
Worcestershire
WR2 5AG





BUSINESS ADDRESS: 22 Old Forge
Whitbourne
Worcester
WR6 5SB





REGISTERED NUMBER: 08413464 (England and Wales)





ACCOUNTANTS: Gardiner Fosh
Chartered Accountants
31 St John's
Worcester
Worcestershire
WR2 5AG

SKYLINE ACTIVITIES LIMITED (REGISTERED NUMBER: 08413464)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,349 -

CURRENT ASSETS
Stocks 3,888 950
Debtors 5 7,243 13,352
Cash at bank 1,270 7,619
12,401 21,921
CREDITORS
Amounts falling due within one year 6 13,241 11,308
NET CURRENT (LIABILITIES)/ASSETS (840 ) 10,613
TOTAL ASSETS LESS CURRENT LIABILITIES 8,509 10,613

CREDITORS
Amounts falling due after more than one year 7 6,851 10,024
NET ASSETS 1,658 589

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,558 489
SHAREHOLDERS' FUNDS 1,658 589

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

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 1 November 2023 and were signed by:





Mr J T W Lyon - Director


SKYLINE ACTIVITIES LIMITED (REGISTERED NUMBER: 08413464)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. STATUTORY INFORMATION

Skyline Activities 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Tools and equipment - 50% on cost
Motor vehicles - 20% on cost
Computer equipment - 25% on cost

Stocks
Stocks 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

SKYLINE ACTIVITIES LIMITED (REGISTERED NUMBER: 08413464)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

4. TANGIBLE FIXED ASSETS
Tools and Motor Computer
equipment vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2022 2,500 4,250 - 6,750
Additions - 10,440 1,329 11,769
Disposals - (1,500 ) - (1,500 )
At 28 February 2023 2,500 13,190 1,329 17,019
DEPRECIATION
At 1 March 2022 2,500 4,250 - 6,750
Charge for year - 2,088 332 2,420
Eliminated on disposal - (1,500 ) - (1,500 )
At 28 February 2023 2,500 4,838 332 7,670
NET BOOK VALUE
At 28 February 2023 - 8,352 997 9,349
At 28 February 2022 - - - -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 7,243 5,219
Other debtors - 8,133
7,243 13,352

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 2,835 2,726
Trade creditors 3,235 1,681
Taxation and social security 5,166 6,106
Other creditors 2,005 795
13,241 11,308

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 6,851 10,024

SKYLINE ACTIVITIES LIMITED (REGISTERED NUMBER: 08413464)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2023 and 28 February 2022:

2023 2022
£    £   
Mr J T W Lyon
Balance outstanding at start of year 6,513 370
Amounts advanced 20,038 25,977
Amounts repaid (26,761 ) (19,834 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (210 ) 6,513