Caseware UK (AP4) 2022.0.179 2022.0.179 2023-12-312023-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-01-01falseNo description of principal activity21falsetrue 05577076 2023-01-01 2023-12-31 05577076 2022-01-01 2022-12-31 05577076 2023-12-31 05577076 2022-12-31 05577076 c:Director1 2023-01-01 2023-12-31 05577076 c:Director2 2023-01-01 2023-12-31 05577076 c:RegisteredOffice 2023-01-01 2023-12-31 05577076 d:PlantMachinery 2023-01-01 2023-12-31 05577076 d:PlantMachinery 2023-12-31 05577076 d:PlantMachinery 2022-12-31 05577076 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 05577076 d:ComputerEquipment 2023-01-01 2023-12-31 05577076 d:ComputerEquipment 2023-12-31 05577076 d:ComputerEquipment 2022-12-31 05577076 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 05577076 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 05577076 d:CurrentFinancialInstruments 2023-12-31 05577076 d:CurrentFinancialInstruments 2022-12-31 05577076 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 05577076 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 05577076 d:ShareCapital 2023-12-31 05577076 d:ShareCapital 2022-12-31 05577076 d:RetainedEarningsAccumulatedLosses 2023-12-31 05577076 d:RetainedEarningsAccumulatedLosses 2022-12-31 05577076 c:FRS102 2023-01-01 2023-12-31 05577076 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 05577076 c:FullAccounts 2023-01-01 2023-12-31 05577076 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Company registration number: 05577076







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2023


SKYCOOLER LIMITED






































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SKYCOOLER LIMITED
 


 
COMPANY INFORMATION


Directors
J Veslov 
K J Veslov 




Registered number
05577076



Registered office
Magna House
18-32 London Road

Staines-Upon-Thames

TW18 4BP




Trading Address
X2 Unit
1 Hatton Cross Centre

Heathrow

Middlesex

TW6 2GE






Accountants
Menzies LLP
Chartered Accountants

Magna House

18-32 London Road

Staines-Upon-Thames

TW18 4BP





 


SKYCOOLER LIMITED
 



CONTENTS



Page
Statement of financial position
1
Notes to the financial statements
2 - 4


 


SKYCOOLER LIMITED
REGISTERED NUMBER:05577076



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
115,790
93,011

  
115,790
93,011

Current assets
  

Stocks
  
13,843
12,174

Debtors: amounts falling due within one year
 5 
36,807
47,234

Cash at bank and in hand
  
40,894
87,409

  
91,544
146,817

Creditors: amounts falling due within one year
 6 
(34,508)
(20,057)

Net current assets
  
 
 
57,036
 
 
126,760

Total assets less current liabilities
  
172,826
219,771

  

Net assets
  
172,826
219,771


Capital and reserves
  

Called up share capital 
  
238,794
198,930

Profit and loss account
  
(65,968)
20,841

  
172,826
219,771


The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 


J Veslov
Director
Date: 12 February 2024

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 


SKYCOOLER LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Skycooler Limited is a private company limited by shares and incorporated in England and Wales. The address of the registered office is given in the company information page of these financial statements.  

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Turnover is generated by renting and leasing of freight air transport equipment and is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.3

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the company in independently administered funds.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
Straight line
Computer equipment
-
20%
Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 2

 


SKYCOOLER LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.6

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the company's Statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 1).

Page 3

 


SKYCOOLER LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Plant and machinery
Computer equipment
Total

£
£
£



Cost or valuation


At 1 January 2023
129,671
3,678
133,349


Additions
48,265
1,249
49,514



At 31 December 2023

177,936
4,927
182,863



Depreciation


At 1 January 2023
38,904
1,434
40,338


Charge for the year on owned assets
25,936
799
26,735



At 31 December 2023

64,840
2,233
67,073



Net book value



At 31 December 2023
113,096
2,694
115,790



At 31 December 2022
90,767
2,244
93,011


5.


Debtors

2023
2022
£
£


Trade debtors
27,307
24,612

Prepayments and accrued income
9,500
22,622

36,807
47,234



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
655
1,669

Other taxation and social security
13,211
16,255

Other creditors
2,017
98

Accruals and deferred income
18,625
2,035

34,508
20,057


 
Page 4