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REGISTERED NUMBER: SC109466 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Skylight International Limited

Skylight International Limited (Registered number: SC109466)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Skylight International Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Stephen McLaughlin
Andrew McLaughlin





REGISTERED OFFICE: 75 Birkmyre Road
Glasgow
G51 3JH





REGISTERED NUMBER: SC109466 (Scotland)





ACCOUNTANTS: Stevenson & Kyles
Chartered Accountants
25 Sandyford Place
Glasgow
G3 7NG

Skylight International Limited (Registered number: SC109466)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 416,537 316,800

CURRENT ASSETS
Stock 28,000 27,500
Debtors 5 299,489 294,730
Cash at bank 437,476 426,663
764,965 748,893
CREDITORS
Amounts falling due within one year 6 278,869 234,016
NET CURRENT ASSETS 486,096 514,877
TOTAL ASSETS LESS CURRENT
LIABILITIES

902,633

831,677

CREDITORS
Amounts falling due after more than one
year

7

(12,500

)

(22,500

)

PROVISIONS FOR LIABILITIES 8 (55,828 ) (30,894 )
NET ASSETS 834,305 778,283

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 834,205 778,183
SHAREHOLDERS' FUNDS 834,305 778,283

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Skylight International Limited (Registered number: SC109466)

Balance Sheet - continued
31 March 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 August 2024 and were signed on its behalf by:





Andrew McLaughlin - Director


Skylight International Limited (Registered number: SC109466)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Skylight International 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Heritable property & improvements - not provided
Fittings and equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance and 20% on reducing balance

Stock
Stock has been valued at the lower of cost and net realisable value.


Financial instruments
Basic financial instruments, including debtors and creditors with no stated interest rate and receivable or payable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Skylight International Limited (Registered number: SC109466)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
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.

Research and development
Expenditure on research and development is charged to the profit and loss account as it is incurred.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Grant income
Where applicable, grants from the government are recognised at their fair value where there is a reasonable assurance that the grant will be received and that the company will comply with all attached conditions. Where the grant income relates to a particular expense item, the grant income is recognised in the profit and loss account over the same period as the expense it is intended to compensate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 14 ) .

Skylight International Limited (Registered number: SC109466)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Heritable Fittings
property and Motor
& improvements equipment vehicles Totals
£    £    £    £   
COST
At 1 April 2023 193,223 144,532 251,738 589,493
Additions - 61,566 96,901 158,467
Disposals - - (46,925 ) (46,925 )
At 31 March 2024 193,223 206,098 301,714 701,035
DEPRECIATION
At 1 April 2023 - 118,568 154,125 272,693
Charge for year - 12,992 42,701 55,693
Eliminated on disposal - - (43,888 ) (43,888 )
At 31 March 2024 - 131,560 152,938 284,498
NET BOOK VALUE
At 31 March 2024 193,223 74,538 148,776 416,537
At 31 March 2023 193,223 25,964 97,613 316,800

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 276,291 279,611
Other debtors 23,198 15,119
299,489 294,730

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 136,722 132,724
Taxation and social security 52,080 69,487
Other creditors 80,067 21,805
278,869 234,016

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 12,500 22,500

Skylight International Limited (Registered number: SC109466)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 55,828 30,894

Deferred
tax
£   
Balance at 1 April 2023 30,894
Provided during year 24,934
Balance at 31 March 2024 55,828

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

10. ULTIMATE CONTROLLING PARTY

The company was under the control of the directors throughout the year.