2022-03-012023-02-282023-02-28false07538935SKYPAX 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SKYPAX LIMITED

Registered Number
07538935
(England and Wales)

Unaudited Financial Statements for the Year ended
28 February 2023

SKYPAX LIMITED
Company Information
for the year from 1 March 2022 to 28 February 2023

Directors

ALDRIDGE, Harry Christopher
MCSORLEY, Marcus

Company Secretary

MCSORLEY, Lucia

Registered Address

207 Regent Street
Third Floor
London
W1B 3HH

Registered Number

07538935 (England and Wales)
SKYPAX LIMITED
Balance Sheet as at
28 February 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets5-57
-57
Current assets
Debtors20,974173,454
Cash at bank and on hand389,913437,107
410,887610,561
Creditors amounts falling due within one year(70,886)(168,272)
Net current assets (liabilities)340,001442,289
Total assets less current liabilities340,001442,346
Creditors amounts falling due after one year(93,696)(128,418)
Net assets246,305313,928
Capital and reserves
Called up share capital600700
Profit and loss account245,705313,228
Shareholders' funds246,305313,928
The financial statements were approved and authorised for issue by the Board of Directors on 21 November 2023, and are signed on its behalf by:
ALDRIDGE, Harry Christopher
Director
MCSORLEY, Marcus
Director

Registered Company No. 07538935
SKYPAX LIMITED
Notes to the Financial Statements
for the year ended 28 February 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leases policy
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
4.Employee information

20232022
Average number of employees during the year88
5.Property, plant and equipment

Total

£
Cost or valuation
At 01 March 2221,514
At 28 February 2321,514
Depreciation and impairment
At 01 March 2221,457
Charge for year57
At 28 February 2321,514
Net book value
At 28 February 23-
At 28 February 2257