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Company Registration No. 09240828 (England and Wales)
Heavy Sky Limited Unaudited accounts for the year ended 31 March 2023
Heavy Sky Limited Unaudited accounts Contents
Page
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Heavy Sky Limited Company Information for the year ended 31 March 2023
Director
Euan Dickinson
Company Number
09240828 (England and Wales)
Registered Office
26 BERKELEY SQUARE BRISTOL BS8 1HP
Accountants
Henry and Banwell Ltd 26 Berkely Square Clifton Bristol BS8 1HP
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Heavy Sky Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
10,264 
12,389 
Current assets
Debtors
3,128 
1,258 
Cash at bank and in hand
2,105 
7,308 
5,233 
8,566 
Creditors: amounts falling due within one year
(9,161)
(9,460)
Net current liabilities
(3,928)
(894)
Net assets
6,336 
11,495 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
6,236 
11,395 
Shareholders' funds
6,336 
11,495 
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 his 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 19 October 2023 and were signed on its behalf by
Euan Dickinson Director Company Registration No. 09240828
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Heavy Sky Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Heavy Sky Limited is a private company, limited by shares, registered in England and Wales, registration number 09240828. The registered office is 26 BERKELEY SQUARE, BRISTOL, BS8 1HP.
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
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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
Goodwill
Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2022
10,000 
At 31 March 2023
10,000 
Amortisation
At 1 April 2022
10,000 
At 31 March 2023
10,000 
Net book value
At 31 March 2023
- 
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Heavy Sky Limited Notes to the Accounts for the year ended 31 March 2023
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 April 2022
35,534 
Additions
1,345 
At 31 March 2023
36,879 
Depreciation
At 1 April 2022
23,145 
Charge for the year
3,470 
At 31 March 2023
26,615 
Net book value
At 31 March 2023
10,264 
At 31 March 2022
12,389 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
744 
829 
Other debtors
2,384 
429 
3,128 
1,258 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Loans from directors
7,903 
8,238 
Accruals
1,258 
1,222 
9,161 
9,460 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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