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REGISTERED NUMBER: SC226228 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Skymount Limited

Skymount Limited (Registered number: SC226228)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Skymount Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mrs V J Macdonald
Mrs J M Young





SECRETARY: Mrs V J Macdonald





REGISTERED OFFICE: Unit 8
Golspie Business Park
Golspie
Sutherland
KW10 6UB





REGISTERED NUMBER: SC226228 (Scotland)





ACCOUNTANTS: Mackay & Co CA
Unit 8
Golspie Business Park
Golspie
Sutherland
KW10 6UB

Skymount Limited (Registered number: SC226228)

Abridged Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 259,120 235,705

CURRENT ASSETS
Stocks 59,729 62,408
Debtors 55,070 32,929
Cash at bank 724 10,642
115,523 105,979
CREDITORS
Amounts falling due within one year 175,332 156,393
NET CURRENT LIABILITIES (59,809 ) (50,414 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

199,311

185,291

CREDITORS
Amounts falling due after more than
one year

(108,047

)

(95,927

)

PROVISIONS FOR LIABILITIES (13,733 ) (6,834 )
NET ASSETS 77,531 82,530

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 77,529 82,528
77,531 82,530

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Skymount Limited (Registered number: SC226228)

Abridged Balance Sheet - continued
31 March 2023


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 25 October 2023 and were signed on its behalf by:





Mrs V J Macdonald - Director


Skymount Limited (Registered number: SC226228)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Skymount Limited is a private company, limited by shares , registered in Scotland. 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 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.
Land and buildings - Straight line over 50 years
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

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.

Skymount Limited (Registered number: SC226228)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

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 15 (2022 - 11 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022 349,954
Additions 53,161
Disposals (25,953 )
At 31 March 2023 377,162
DEPRECIATION
At 1 April 2022 114,249
Charge for year 19,481
Eliminated on disposal (15,688 )
At 31 March 2023 118,042
NET BOOK VALUE
At 31 March 2023 259,120
At 31 March 2022 235,705