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REGISTERED NUMBER: 02174493 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

SKY PERSONNEL LIMITED

SKY PERSONNEL LIMITED (REGISTERED NUMBER: 02174493)

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


SKY PERSONNEL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: P M Tilleard
A D Tilleard





SECRETARY: P M Tilleard





REGISTERED OFFICE: 30 Buckingham Street
Aylesbury
Buckinghamshire
HP20 2LH





REGISTERED NUMBER: 02174493 (England and Wales)





ACCOUNTANTS: TC Group
1 Rushmills
Bedford Road
Northampton
Northamptonshire
NN4 7YB

SKY PERSONNEL LIMITED (REGISTERED NUMBER: 02174493)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,459 3,783

CURRENT ASSETS
Debtors 5 199,521 174,576
Cash at bank and in hand 146,495 180,816
346,016 355,392
CREDITORS
Amounts falling due within one year 6 265,871 255,105
NET CURRENT ASSETS 80,145 100,287
TOTAL ASSETS LESS CURRENT LIABILITIES 83,604 104,070

PROVISIONS FOR LIABILITIES 8 783 946
NET ASSETS 82,821 103,124

CAPITAL AND RESERVES
Called up share capital 9 516 516
Retained earnings 82,305 102,608
SHAREHOLDERS' FUNDS 82,821 103,124

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 August 2024 and were signed on its behalf by:




P M Tilleard - Director


SKY PERSONNEL LIMITED (REGISTERED NUMBER: 02174493)

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


1. STATUTORY INFORMATION

SKY Personnel 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.

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and have also been consistently applied within the same accounts.

Functional and presentational currency
The Company's functional and presentational currency is GBP.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents net invoiced sales of services, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

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 - 25% on reducing balance
Computer equipment - 25% on cost

Tangible fixed assets are initially recorded at cost and subsequently carried at cost less accumulated depreciation and accumulated impairment losses.

SKY PERSONNEL LIMITED (REGISTERED NUMBER: 02174493)

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


2. ACCOUNTING POLICIES - continued

Financial instruments
Basic financial assets, including trade and other receivables and cash and bank balances, are initially recognised at transaction price, 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. Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Basic financial liabilities, including trade and other payables, and loans from fellow group companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and 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.

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.

SKY PERSONNEL LIMITED (REGISTERED NUMBER: 02174493)

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


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
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.

Going concern
As at the point of authorising the accounts, and for the foreseeable future, the directors consider the going concern assumption to still be appropriate. The directors acknowledge that given the rapidly changing business and social environment, there are likely to be significant unknown factors which may present themselves. Such factors are considered by the directors to represent a general inherent level of risk in relation to the going concern assumption albeit not quantifiable at this time.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 December 2022 43,765 7,148 50,913
Additions - 1,390 1,390
At 30 November 2023 43,765 8,538 52,303
DEPRECIATION
At 1 December 2022 42,077 5,053 47,130
Charge for year 423 1,291 1,714
At 30 November 2023 42,500 6,344 48,844
NET BOOK VALUE
At 30 November 2023 1,265 2,194 3,459
At 30 November 2022 1,688 2,095 3,783

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 168,512 157,690
Other debtors 1,680 207
Directors' loan accounts 3,430 -
Prepayments 25,899 16,679
199,521 174,576

SKY PERSONNEL LIMITED (REGISTERED NUMBER: 02174493)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,929 10,311
Corporation tax 21,532 25,277
Social security and other taxes 18,300 13,666
VAT 137,791 107,215
Other creditors 1,136 136
Pension creditor 1,016 3,542
Directors' loan accounts - 27,320
Accruals and deferred income 84,167 67,638
265,871 255,105

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 12,938 17,250
Between one and five years - 69,000
In more than five years - 28,750
12,938 115,000

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 783 946

Deferred
tax
£   
Balance at 1 December 2022 946
Provided during year (163 )
Balance at 30 November 2023 783

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number: Class: Nominal Value: 2022 2021
£ £
375 Ordinary A shares 1 375 375
125 Ordinary B shares 1 125 125
4 Ordinary C shares 1 4 4
4 Ordinary D shares 1 4 4
4 Ordinary E shares 1 4 4
4 Ordinary F shares 1 4 4
516 516

SKY PERSONNEL LIMITED (REGISTERED NUMBER: 02174493)

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


10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2023 2022
£    £   
P M Tilleard and A D Tilleard
Balance outstanding at start of year (27,320 ) (15,820 )
Amounts advanced 154,000 108,250
Amounts repaid (123,250 ) (119,750 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,430 (27,320 )

Interest of £Nil has been charged by the company to the directors in relation to the loan (2022 - £Nil charged by the company to the directors). The loan is repayable on demand.

During the year, directors received dividends amounting to £99,250 (2022 - £114,750).

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is P M Tilleard.