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REGISTERED NUMBER: 07911974 (England and Wales)












Unaudited Financial Statements for the Year Ended 31 January 2024

for

Blue Sky Operations Limited

Blue Sky Operations Limited (Registered number: 07911974)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Blue Sky Operations Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: J D Raymond
D Hack





REGISTERED OFFICE: Lynnem House
1 Victoria Way
Burgess Hill
West Sussex
RH15 9NF





REGISTERED NUMBER: 07911974 (England and Wales)





ACCOUNTANTS: Price Green & Co
Lynnem House
1 Victoria Way
Burgess Hill
West Sussex
RH15 9NF

Blue Sky Operations Limited (Registered number: 07911974)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,375 8,717

CURRENT ASSETS
Debtors 5 - 10,011
Cash at bank 128,681 3,453
128,681 13,464
CREDITORS
Amounts falling due within one year 6 99,340 12,260
NET CURRENT ASSETS 29,341 1,204
TOTAL ASSETS LESS CURRENT
LIABILITIES

46,716

9,921

PROVISIONS FOR LIABILITIES 4,344 1,656
NET ASSETS 42,372 8,265

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 42,370 8,263
SHAREHOLDERS' FUNDS 42,372 8,265

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

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

Blue Sky Operations Limited (Registered number: 07911974)

Balance Sheet - continued
31 January 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 October 2024 and were signed on its behalf by:





J D Raymond - Director


Blue Sky Operations Limited (Registered number: 07911974)

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

1. STATUTORY INFORMATION

Blue Sky Operations 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 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.
Plant and machinery etc - 33% on cost and 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Blue Sky Operations Limited (Registered number: 07911974)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 17,891
Additions 14,450
At 31 January 2024 32,341
DEPRECIATION
At 1 February 2023 9,174
Charge for year 5,792
At 31 January 2024 14,966
NET BOOK VALUE
At 31 January 2024 17,375
At 31 January 2023 8,717

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other debtors - 10,011

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 195 2,380
Taxation and social security 46,359 6,684
Other creditors 52,786 3,196
99,340 12,260

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £41,795 (2023 - £41,285) were paid to the directors .

Included in other creditors is £1,995 (2023: £1,995) owed to the director, Mr J Raymond, by the company.

Included in other creditors is £26 (2023:£10,011 owed to the company by the director, Mr D Hack.) owed to the director, Mr D Hack by the company.

8. GOING CONCERN

The Covid-19 pandemic has created business uncertainty, but the directors are confident that the company's finances are sufficiently robust, and believe that they will be able to continue trading without material difficulties. As such, they believe that preparing the accounts on a going concern basis is appropriate.