Registered number
SC709187
Skye Life Ltd
Filleted Accounts
30 September 2023
Skye Life Ltd
Registered number: SC709187
Balance Sheet
as at 30 September 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 14,471 132
Current assets
Cash at bank and in hand 37,019 10,241
Creditors: amounts falling due within one year 4 (4,767) (3,277)
Net current assets 32,252 6,964
Total assets less current liabilities 46,723 7,096
Creditors: amounts falling due after more than one year 5 (28,151) (7,054)
Net assets 18,572 42
Capital and reserves
Called up share capital 100 100
Profit and loss account 18,472 (58)
Shareholders' funds 18,572 42
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
W Scott
Director
Approved by the board on 14 November 2023
Skye Life Ltd
Notes to the Accounts
for the year ended 30 September 2023
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 25% by Reducing Balance method
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current period.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 October 2022 - 529 529
Additions 6,915 7,812 14,727
At 30 September 2023 6,915 8,341 15,256
Depreciation
At 1 October 2022 - 397 397
Charge for the year - 388 388
At 30 September 2023 - 785 785
Net book value
At 30 September 2023 6,915 7,556 14,471
At 30 September 2022 - 132 132
4 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 3,537 857
Other creditors 1,230 2,420
4,767 3,277
5 Creditors: amounts falling due after one year 2023 2022
£ £
Director's account 28,151 7,054
6 Other information
Skye Life Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is:
1 Victoria Road
Kirkcaldy
Fife
KY1 1DT
Skye Life Ltd SC709187 false 2022-10-01 2023-09-30 2023-09-30 VT Final Accounts October 2023 release 2 W Scott No description of principal activity SC709187 2021-09-10 2022-09-30 SC709187 core:WithinOneYear 2022-09-30 SC709187 core:AfterOneYear 2022-09-30 SC709187 core:ShareCapital 2022-09-30 SC709187 core:RetainedEarningsAccumulatedLosses 2022-09-30 SC709187 2022-10-01 2023-09-30 SC709187 bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 SC709187 bus:AuditExemptWithAccountantsReport 2022-10-01 2023-09-30 SC709187 bus:Director40 2022-10-01 2023-09-30 SC709187 2 2022-10-01 2023-09-30 SC709187 core:LandBuildings 2022-10-01 2023-09-30 SC709187 core:PlantMachinery 2022-10-01 2023-09-30 SC709187 countries:England 2022-10-01 2023-09-30 SC709187 bus:FRS102 2022-10-01 2023-09-30 SC709187 bus:FullAccounts 2022-10-01 2023-09-30 SC709187 2023-09-30 SC709187 core:WithinOneYear 2023-09-30 SC709187 core:AfterOneYear 2023-09-30 SC709187 core:ShareCapital 2023-09-30 SC709187 core:RetainedEarningsAccumulatedLosses 2023-09-30 SC709187 core:LandBuildings 2023-09-30 SC709187 core:PlantMachinery 2023-09-30 SC709187 2022-09-30 SC709187 core:LandBuildings 2022-09-30 SC709187 core:PlantMachinery 2022-09-30 iso4217:GBP xbrli:pure