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REGISTERED NUMBER: SC425093 (Scotland)















Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 May 2023

for

Blue Sky Engines Limited

Blue Sky Engines Limited (Registered number: SC425093)






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




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


Blue Sky Engines Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: C Lochery
S E M Lochery





SECRETARY: P Lochery





REGISTERED OFFICE: 5 Briar Grove
Ayr
KA7 3TD





REGISTERED NUMBER: SC425093 (Scotland)





ACCOUNTANTS: MacDonald Accountancy Services
11 Margaret Street
Stonehaven
Aberdeenshire
AB39 2AY

Blue Sky Engines Limited (Registered number: SC425093)

Report of the Directors
for the Year Ended 31 May 2023

The directors present their report with the financial statements of the company for the year ended 31 May 2023.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 June 2022 to the date of this report.

C Lochery
S E M Lochery

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





C Lochery - Director


19 February 2024

Blue Sky Engines Limited (Registered number: SC425093)

Income Statement
for the Year Ended 31 May 2023

31.5.23 31.5.22
£    £   

TURNOVER 51,782 114,548

Cost of sales 12,684 12,432
GROSS PROFIT 39,098 102,116

Administrative expenses 7,608 3,019
OPERATING PROFIT 31,490 99,097

Interest receivable and similar income - 1
PROFIT BEFORE TAXATION 31,490 99,098

Tax on profit 2,732 15,964
PROFIT FOR THE FINANCIAL YEAR 28,758 83,134

Blue Sky Engines Limited (Registered number: SC425093)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £   
CURRENT ASSETS
Debtors 4 22,820 77,558
Cash at bank 305,923 265,980
328,743 343,538
CREDITORS
Amounts falling due within one year 5 220,735 234,288
NET CURRENT ASSETS 108,008 109,250
TOTAL ASSETS LESS CURRENT
LIABILITIES

108,008

109,250

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 108,005 109,247
SHAREHOLDERS' FUNDS 108,008 109,250

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 19 February 2024 and were signed on its behalf by:





C Lochery - Director


Blue Sky Engines Limited (Registered number: SC425093)

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

1. STATUTORY INFORMATION

Blue Sky Engines 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 22,820 77,464
Other debtors - 94
22,820 77,558

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Taxation and social security 2,953 15,964
Other creditors 217,782 218,324
220,735 234,288