IRIS Accounts Production v24.2.0.383 08679088 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh086790882022-12-31086790882023-12-31086790882023-01-012023-12-31086790882021-12-31086790882022-01-012022-12-31086790882022-12-3108679088ns15:EnglandWales2023-01-012023-12-3108679088ns14:PoundSterling2023-01-012023-12-3108679088ns10:Director12023-01-012023-12-3108679088ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3108679088ns10:SmallEntities2023-01-012023-12-3108679088ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3108679088ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3108679088ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3108679088ns10:FullAccounts2023-01-012023-12-3108679088ns10:Director22023-01-012023-12-3108679088ns10:CompanySecretary12023-01-012023-12-3108679088ns10:RegisteredOffice2023-01-012023-12-3108679088ns5:CurrentFinancialInstruments2023-12-3108679088ns5:CurrentFinancialInstruments2022-12-3108679088ns5:Non-currentFinancialInstruments2023-12-3108679088ns5:Non-currentFinancialInstruments2022-12-3108679088ns5:ShareCapital2023-12-3108679088ns5:ShareCapital2022-12-3108679088ns5:RetainedEarningsAccumulatedLosses2023-12-3108679088ns5:RetainedEarningsAccumulatedLosses2022-12-3108679088ns5:PlantMachinery2023-01-012023-12-3108679088ns5:PlantMachinery2022-12-3108679088ns5:PlantMachinery2023-12-3108679088ns5:PlantMachinery2022-12-3108679088ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3108679088ns5:WithinOneYearns5:CurrentFinancialInstruments2022-12-31
REGISTERED NUMBER: 08679088 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

SAPPHIRE SKY LONDON LTD

SAPPHIRE SKY LONDON LTD (REGISTERED NUMBER: 08679088)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SAPPHIRE SKY LONDON LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr A H Chakartash
Mrs B Chakartash





SECRETARY: Mrs B Chakartash





REGISTERED OFFICE: 4 Stradbroke Drive
Chigwell
Essex
IG7 5QX





REGISTERED NUMBER: 08679088 (England and Wales)





ACCOUNTANTS: Bayar Hughes & Co
Chartered Certified Accountants
4 Green Lane Business Park
238 Green lane
New Eltham
London
SE9 3TL

SAPPHIRE SKY LONDON LTD (REGISTERED NUMBER: 08679088)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 409 546

CURRENT ASSETS
Stocks 7,479 5,350
Debtors 5 2,428 2,752
Cash at bank 8,222 17,195
18,129 25,297
CREDITORS
Amounts falling due within one year 6 51,028 47,546
NET CURRENT LIABILITIES (32,899 ) (22,249 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(32,490

)

(21,703

)

CREDITORS
Amounts falling due after more than one year 7 66,360 69,992
NET LIABILITIES (98,850 ) (91,695 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (98,950 ) (91,795 )
SHAREHOLDERS' FUNDS (98,850 ) (91,695 )

SAPPHIRE SKY LONDON LTD (REGISTERED NUMBER: 08679088)

BALANCE SHEET - continued
31 DECEMBER 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 September 2024 and were signed on its behalf by:





Mr A H Chakartash - Director


SAPPHIRE SKY LONDON LTD (REGISTERED NUMBER: 08679088)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Sapphire Sky London 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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 3,500
DEPRECIATION
At 1 January 2023 2,954
Charge for year 137
At 31 December 2023 3,091
NET BOOK VALUE
At 31 December 2023 409
At 31 December 2022 546

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 2,428 2,752

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 8) 3,944 4,256
Trade creditors 725 1,504
Taxation and social security - 924
Other creditors 46,359 40,862
51,028 47,546

SAPPHIRE SKY LONDON LTD (REGISTERED NUMBER: 08679088)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans (see note 8) 6,360 9,992
Other creditors 60,000 60,000
66,360 69,992

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 6,360 9,992

8. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 3,944 4,256

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 6,360 9,992

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in other creditors falling due after more than one year is an amount owed to the directors of £60,000.00.