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REGISTERED NUMBER: 09136585 (England and Wales)















AERIALS & SKY LOCAL LTD

Unaudited Financial Statements for the Year Ended 31 July 2023






AERIALS & SKY LOCAL LTD (REGISTERED NUMBER: 09136585)






Contents of the Financial Statements
for the year ended 31 July 2023




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3 to 4

Notes to the Financial Statements 5 to 8


AERIALS & SKY LOCAL LTD

Company Information
for the year ended 31 July 2023







Director: A Fearnley





Registered office: First Floor
6 Abbey Lane Court
Abbey Lane
Evesham
Worcestershire
WR11 4BY





Registered number: 09136585 (England and Wales)





Accountants: Haines Watts South East LLP
5-6 Greenfield Crescent
Edgbaston
Birmingham
Surrey
B15 3BE

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Aerials & Sky Local Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Aerials & Sky Local Ltd for the year ended 31 July 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Aerials & Sky Local Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Aerials & Sky Local Ltd and state those matters that we have agreed to state to the director of Aerials & Sky Local Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Aerials & Sky Local Ltd and its director for our work or for this report.

It is your duty to ensure that Aerials & Sky Local Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Aerials & Sky Local Ltd. You consider that Aerials & Sky Local Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Aerials & Sky Local Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Haines Watts South East LLP
5-6 Greenfield Crescent
Edgbaston
Birmingham
Surrey
B15 3BE


8 November 2023

AERIALS & SKY LOCAL LTD (REGISTERED NUMBER: 09136585)

Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 10,818 14,421
10,818 14,421

Current assets
Stocks 1,225 1,225
Debtors 6 21,490 21,680
Cash at bank 1,255 3,025
23,970 25,930
Creditors
Amounts falling due within one year 7 24,834 24,366
Net current (liabilities)/assets (864 ) 1,564
Total assets less current liabilities 9,954 15,985

Creditors
Amounts falling due after more than one
year

8

(7,453

)

(12,613

)

Provisions for liabilities (2,055 ) (2,740 )
Net assets 446 632

Capital and reserves
Called up share capital 100 100
Retained earnings 346 532
Shareholders' funds 446 632

AERIALS & SKY LOCAL LTD (REGISTERED NUMBER: 09136585)

Balance Sheet - continued
31 July 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 8 November 2023 and were signed by:





A Fearnley - Director


AERIALS & SKY LOCAL LTD (REGISTERED NUMBER: 09136585)

Notes to the Financial Statements
for the year ended 31 July 2023

1. Statutory information

Aerials & Sky Local Ltd 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
Turnover represents invoiced sales of goods and services, excluding added value tax. Turnover is recognised when the goods or services have been received by the customer.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

AERIALS & SKY LOCAL LTD (REGISTERED NUMBER: 09136585)

Notes to the Financial Statements - continued
for the year ended 31 July 2023

2. Accounting policies - continued

Going concern
The accounts have been prepared on a going concern basis with the continued support of it's director.

3. Employees and directors

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

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 August 2022
and 31 July 2023 10,000
Amortisation
At 1 August 2022
and 31 July 2023 10,000
Net book value
At 31 July 2023 -
At 31 July 2022 -

5. Tangible fixed assets
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
Cost
At 1 August 2022
and 31 July 2023 534 25,526 1,054 27,114
Depreciation
At 1 August 2022 478 11,168 1,047 12,693
Charge for year 14 3,589 - 3,603
At 31 July 2023 492 14,757 1,047 16,296
Net book value
At 31 July 2023 42 10,769 7 10,818
At 31 July 2022 56 14,358 7 14,421

AERIALS & SKY LOCAL LTD (REGISTERED NUMBER: 09136585)

Notes to the Financial Statements - continued
for the year ended 31 July 2023

5. Tangible fixed assets - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
Cost
At 1 August 2022
and 31 July 2023 25,526
Depreciation
At 1 August 2022 11,168
Charge for year 3,589
At 31 July 2023 14,757
Net book value
At 31 July 2023 10,769
At 31 July 2022 14,358

6. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors - 1,713
Directors' current accounts 16,583 15,060
Tax 4,907 4,907
21,490 21,680

7. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 13,225 15,604
Hire purchase contracts 4,065 4,065
Tax 3,347 2,961
Social security and other taxes 2,219 108
Accrued expenses 1,978 1,628
24,834 24,366

8. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans - 1-2 years - 1,095
Hire purchase contracts 7,453 11,518
7,453 12,613

AERIALS & SKY LOCAL LTD (REGISTERED NUMBER: 09136585)

Notes to the Financial Statements - continued
for the year ended 31 July 2023

9. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 July 2023 and 31 July 2022:

2023 2022
£    £   
A Fearnley
Balance outstanding at start of year 15,060 14,047
Amounts advanced 25,234 1,013
Amounts repaid (23,711 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 16,583 15,060