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REGISTERED NUMBER: 09869516 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

Skybase IT Limited

Skybase IT Limited (Registered number: 09869516)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Skybase IT Limited

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: G H Thurlow
S J Partridge





REGISTERED OFFICE: Sherwood House
41 Queens Road
Farnborough
Hants
GU14 6JP





REGISTERED NUMBER: 09869516 (England and Wales)





ACCOUNTANTS: Jones & Co
Sherwood House
41 Queens Road
Farnborough
Hants
GU14 6JP

Skybase IT Limited (Registered number: 09869516)

BALANCE SHEET
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,396 1,577

CURRENT ASSETS
Debtors 5 42,216 38,754
Cash at bank 3,614 1,577
45,830 40,331
CREDITORS
Amounts falling due within one year 6 43,375 39,031
NET CURRENT ASSETS 2,455 1,300
TOTAL ASSETS LESS CURRENT LIABILITIES 3,851 2,877

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 3,751 2,777
SHAREHOLDERS' FUNDS 3,851 2,877

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 August 2024 and were signed on its behalf by:





G H Thurlow - Director


Skybase IT Limited (Registered number: 09869516)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Skybase IT Limited is a private company, limited by shares , registered in England and Wales. 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 represents the supply of technology services on an individual contract basis and is recognised when contracts are completed.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Office equipment - 20% on reducing balance

Taxation
Taxation for the period comprises current tax, 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 not recognised in respect of any timing differences which may have originated but not been reversed at the balance sheet date since the amount is not considered by the directors to be material.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Office
fittings equipment Totals
£    £    £   
COST
At 1 December 2022 1,819 906 2,725
Additions - 169 169
At 30 November 2023 1,819 1,075 2,894
DEPRECIATION
At 1 December 2022 831 317 1,148
Charge for year 198 152 350
At 30 November 2023 1,029 469 1,498
NET BOOK VALUE
At 30 November 2023 790 606 1,396
At 30 November 2022 988 589 1,577

Skybase IT Limited (Registered number: 09869516)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 15,314 23,105
Other debtors 26,902 15,649
42,216 38,754

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors - 1
Taxation and social security 40,502 36,427
Other creditors 2,873 2,603
43,375 39,031

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

30.11.23 30.11.22
£    £   
G H Thurlow
Balance outstanding at start of year 10,860 14,732
Amounts advanced 74,391 26,128
Amounts repaid (65,000 ) (30,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 20,251 10,860