IRIS Accounts Production v24.2.0.383 04383850 director 1.7.23 30.6.24 30.6.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh043838502023-06-30043838502024-06-30043838502023-07-012024-06-30043838502022-06-30043838502022-07-012023-06-30043838502023-06-3004383850ns15:EnglandWales2023-07-012024-06-3004383850ns14:PoundSterling2023-07-012024-06-3004383850ns10:Director12023-07-012024-06-3004383850ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3004383850ns10:SmallEntities2023-07-012024-06-3004383850ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3004383850ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3004383850ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3004383850ns10:FullAccounts2023-07-012024-06-3004383850ns10:RegisteredOffice2023-07-012024-06-3004383850ns5:CurrentFinancialInstruments2024-06-3004383850ns5:CurrentFinancialInstruments2023-06-3004383850ns5:Non-currentFinancialInstruments2024-06-3004383850ns5:Non-currentFinancialInstruments2023-06-3004383850ns5:ShareCapital2024-06-3004383850ns5:ShareCapital2023-06-3004383850ns5:SharePremium2024-06-3004383850ns5:SharePremium2023-06-3004383850ns5:RetainedEarningsAccumulatedLosses2024-06-3004383850ns5:RetainedEarningsAccumulatedLosses2023-06-3004383850ns5:FurnitureFittings2023-07-012024-06-3004383850ns5:MotorVehicles2023-07-012024-06-3004383850ns5:FurnitureFittings2023-06-3004383850ns5:MotorVehicles2023-06-3004383850ns5:FurnitureFittings2024-06-3004383850ns5:MotorVehicles2024-06-3004383850ns5:FurnitureFittings2023-06-3004383850ns5:MotorVehicles2023-06-3004383850ns5:CostValuation2023-06-3004383850ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3004383850ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-30
REGISTERED NUMBER: 04383850 (England and Wales)















Financial Statements for the Year Ended 30 June 2024

for

Sky Fly Connections Ltd

Sky Fly Connections Ltd (Registered number: 04383850)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sky Fly Connections Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTOR: Mr M H Butt





REGISTERED OFFICE: Airlines House
Lumb Lane
Bradford
West Yorkshire
BD8 7QZ





REGISTERED NUMBER: 04383850 (England and Wales)





ACCOUNTANTS: Abraham Accountants
Sher House
46 Houghton Place
Bradford
West Yorkshire
BD1 3RG

Sky Fly Connections Ltd (Registered number: 04383850)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,065 8,087
Investments 5 405,000 405,000
411,065 413,087

CURRENT ASSETS
Debtors 6 1,369 1,014
Cash at bank and in hand 374,545 177,226
375,914 178,240
CREDITORS
Amounts falling due within one year 7 79,874 10,080
NET CURRENT ASSETS 296,040 168,160
TOTAL ASSETS LESS CURRENT
LIABILITIES

707,105

581,247

CREDITORS
Amounts falling due after more than
one year

8

(19,935

)

(29,926

)

PROVISIONS FOR LIABILITIES (85,000 ) -
NET ASSETS 602,170 551,321

Sky Fly Connections Ltd (Registered number: 04383850)

Balance Sheet - continued
30 June 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 39,999 39,999
Retained earnings 562,071 511,222
SHAREHOLDERS' FUNDS 602,170 551,321

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 19 September 2024 and were signed by:





Mr M H Butt - Director


Sky Fly Connections Ltd (Registered number: 04383850)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Sky Fly Connections Ltd 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 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.
FF & equipment - 25% on reducing balance
Motor vehicles - 25% on cost

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 Fly Connections Ltd (Registered number: 04383850)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
FF & Motor
equipment vehicles Totals
£    £    £   
COST
At 1 July 2023
and 30 June 2024 65,338 14,700 80,038
DEPRECIATION
At 1 July 2023 57,741 14,210 71,951
Charge for year 1,899 123 2,022
At 30 June 2024 59,640 14,333 73,973
NET BOOK VALUE
At 30 June 2024 5,698 367 6,065
At 30 June 2023 7,597 490 8,087

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 July 2023
and 30 June 2024 405,000
NET BOOK VALUE
At 30 June 2024 405,000
At 30 June 2023 405,000

Sky Fly Connections Ltd (Registered number: 04383850)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2024 2023
£    £   
Other debtors 1,369 1,014

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2024 2023
£    £   
Trade creditors 44,717 -
Taxation and social security 20,648 10,080
Other creditors 14,509 -
79,874 10,080

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
2024 2023
£    £   
Bank loans 19,935 29,926

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 19,935 29,926

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

All directors Advances are payable on demand.