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Company Registration No. 12382501 (England and Wales)
Sky Plastics Limited Unaudited accounts for the year ended 31 January 2024
Sky Plastics Limited Unaudited accounts Contents
Page
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Sky Plastics Limited Company Information for the year ended 31 January 2024
Director
Ryan Edward Kramer
Company Number
12382501 (England and Wales)
Registered Office
62 WILBURY WAY HITCHIN SG4 0TP ENGLAND
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Sky Plastics Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
7,505 
9,306 
Tangible assets
23,635 
8,352 
31,140 
17,658 
Current assets
Inventories
243,240 
584,852 
Debtors
1,076,385 
302,247 
Cash at bank and in hand
434 
90,435 
1,320,059 
977,534 
Creditors: amounts falling due within one year
(967,078)
(706,984)
Net current assets
352,981 
270,550 
Total assets less current liabilities
384,121 
288,208 
Creditors: amounts falling due after more than one year
(35,041)
(37,717)
Net assets
349,080 
250,491 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
348,980 
250,391 
Shareholders' funds
349,080 
250,491 
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 October 2024 and were signed on its behalf by
Ryan Edward Kramer Director Company Registration No. 12382501
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Sky Plastics Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Sky Plastics Limited is a private company, limited by shares, registered in England and Wales, registration number 12382501. The registered office is 62 WILBURY WAY, HITCHIN, SG4 0TP, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
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 also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% Reducing Balance
Computer equipment
33% Straight Line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Total 
£ 
Cost
At 1 February 2023
12,013 
At 31 January 2024
12,013 
Amortisation
At 1 February 2023
2,707 
Charge for the year
1,801 
At 31 January 2024
4,508 
Net book value
At 31 January 2024
7,505 
At 31 January 2023
9,306 
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Sky Plastics Limited Notes to the Accounts for the year ended 31 January 2024
5
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 February 2023
12,916 
Additions
20,799 
At 31 January 2024
33,715 
Depreciation
At 1 February 2023
4,564 
Charge for the year
5,516 
At 31 January 2024
10,080 
Net book value
At 31 January 2024
23,635 
At 31 January 2023
8,352 
6
Average number of employees
During the year the average number of employees was 6 (2023: 2).
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