2022-08-01 2023-07-31 false No description of principal activity Capium Accounts Production 1.1 08871958 bus:FullAccounts 2022-08-01 2023-07-31 08871958 bus:Micro-entities 2022-08-01 2023-07-31 08871958 bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 08871958 bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 08871958 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 08871958 2022-08-01 2023-07-31 08871958 2023-07-31 08871958 bus:RegisteredOffice 2022-08-01 2023-07-31 08871958 core:WithinOneYear 2023-07-31 08871958 core:AfterOneYear 2023-07-31 08871958 bus:Director1 2022-08-01 2023-07-31 08871958 bus:Director1 2023-07-31 08871958 bus:Director1 2021-08-01 2022-07-31 08871958 2021-08-01 08871958 bus:LeadAgentIfApplicable 2022-08-01 2023-07-31 08871958 2021-08-01 2022-07-31 08871958 2022-07-31 08871958 core:WithinOneYear 2022-07-31 08871958 core:AfterOneYear 2022-07-31 08871958 bus:EntityAccountantsOrAuditors 2021-08-01 2022-07-31 08871958 bus:OrdinaryShareClass1 2022-08-01 2023-07-31 08871958 bus:OrdinaryShareClass1 2023-07-31 08871958 bus:OrdinaryShareClass1 2021-08-01 2022-07-31 08871958 bus:OrdinaryShareClass1 2022-07-31 08871958 core:FurnitureFittings 2022-08-01 2023-07-31 08871958 core:FurnitureFittings 2023-07-31 08871958 core:FurnitureFittings 2022-07-31 08871958 core:ComputerEquipment 2022-08-01 2023-07-31 08871958 core:ComputerEquipment 2023-07-31 08871958 core:ComputerEquipment 2022-07-31 08871958 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-07-31 08871958 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2022-07-31 08871958 core:OtherResidualIntangibleAssets 2022-08-01 2023-07-31 08871958 core:OtherResidualIntangibleAssets 2023-07-31 08871958 core:OtherResidualIntangibleAssets 2022-07-31 08871958 core:CostValuation core:Non-currentFinancialInstruments 2023-07-31 08871958 core:CostValuation core:Non-currentFinancialInstruments 2022-07-31 08871958 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-07-31 08871958 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2023-07-31 08871958 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2023-07-31 08871958 core:Non-currentFinancialInstruments 2023-07-31 08871958 core:Non-currentFinancialInstruments 2022-07-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 08871958
England and Wales

 

 

 

SKYHIGH FINANCIALS LTD


Micro Accounts
 


Period of accounts

Start date: 01 August 2022

End date: 31 July 2023
Director Waqas Afzaal
Registered Number 08871958
Registered Office Suite Ss, Avon House
435 Stratford Road
Shirley, Solihull
Solihull
B90 4AA
Accountants SAW Accounting and tax advisory Limited
Suite Ss, Avon House
435 Stratford Road
B90 4AA
1
  2023   2022
    £ £   £ £
Fixed assets   28,349      36,712 
Current assets 11,810      18,992   
Creditors: amount falling due within one year (54,595)     (21,470)  
Net current assets   (42,785)     (2,478)
Total assets less current liabilities   (14,436)     34,234 
Creditors: amount falling due after more than one year   (24,120)     (30,175)
Net assets   (38,556)     4,059 
 

         
Capital and reserves   (38,556)     4,059 
 
NOTES TO THE ACCOUNTS

General Information
SkyHigh Financials Ltd is a private company, limited by shares, registered in England and Wales, registration number 08871958, registration address Suite Ss, Avon House, 435 Stratford Road, Shirley, Solihull, Solihull, B90 4AA.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 15 Straight Line
2.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Total
  £   £   £
At 01 August 2022 24,897    14,470    39,367 
Additions    
Disposals    
At 31 July 2023 24,897    14,470    39,367 
Depreciation
At 01 August 2022 9,521    8,122    17,643 
Charge for year    
On disposals    
At 31 July 2023 9,521    8,122    17,643 
Net book values
Closing balance as at 31 July 2023 15,376    6,348    21,724 
Opening balance as at 01 August 2022 19,220    9,242    28,462 

The net book value of Fixtures and Fittings includes £ 3,584 (2022 £3,584) in respect of assets leased under finance leases or hire purchase contracts.

3.

Average number of employees

Average number of employees during the year was 1 (2022 : 0).


For the year ended 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.

The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 30 July 2024 and were signed by:


--------------------------------
Waqas Afzaal
Director
2