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REGISTERED NUMBER: 03485777 (England and Wales)















Blue Sky Enterprises Limited
Trading as
Screentec

Unaudited Financial Statements

for the Year Ended 31 December 2023






Blue Sky Enterprises Limited (Registered number: 03485777)
Trading as Screentec






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


Blue Sky Enterprises Limited
Trading as Screentec

Company Information
for the Year Ended 31 December 2023







DIRECTORS: R T Adams
T J Dean
D O Dean
D N James
S C Davies





SECRETARY: D N James





REGISTERED OFFICE: Units 8-9
Maerdy Road Industrial Estate
Ferndale
Mid Glamorgan
CF43 4AB





REGISTERED NUMBER: 03485777 (England and Wales)





ACCOUNTANTS: O'Brien and Partners
Accountants & Business Advisors
Highdale House
7 Centre Court
Treforest Industrial Estate
Pontypridd
Rhondda Cynon Taff
CF37 5YR

Blue Sky Enterprises Limited (Registered number: 03485777)
Trading as Screentec

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 158,691 -
Tangible assets 5 150,095 157,983
Investments 6 202 100
308,988 158,083

CURRENT ASSETS
Stocks 50,646 42,498
Debtors 7 215,682 198,823
Cash at bank and in hand 367,505 507,794
633,833 749,115
CREDITORS
Amounts falling due within one year 8 546,154 362,057
NET CURRENT ASSETS 87,679 387,058
TOTAL ASSETS LESS CURRENT LIABILITIES 396,667 545,141

CREDITORS
Amounts falling due after more than one year 9 (113,781 ) (194,262 )

PROVISIONS FOR LIABILITIES (28,517 ) (30,016 )
NET ASSETS 254,369 320,863

CAPITAL AND RESERVES
Called up share capital 1,870 1,870
Capital redemption reserve 503 503
Retained earnings 251,996 318,490
254,369 320,863

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.

Blue Sky Enterprises Limited (Registered number: 03485777)
Trading as Screentec

Balance Sheet - continued
31 December 2023


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 11 November 2024 and were signed on its behalf by:





D N James - Director


Blue Sky Enterprises Limited (Registered number: 03485777)
Trading as Screentec

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Blue Sky Enterprises 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about Blue Sky Enterprises Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of three years.

Goodwill was acquired in 2023 and will be amortised evenly over its estimated useful life of three years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.


Blue Sky Enterprises Limited (Registered number: 03485777)
Trading as Screentec

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2022 - 21 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023 121,909
Reclassification/transfer 158,691
At 31 December 2023 280,600
AMORTISATION
At 1 January 2023
and 31 December 2023 121,909
NET BOOK VALUE
At 31 December 2023 158,691
At 31 December 2022 -

Blue Sky Enterprises Limited (Registered number: 03485777)
Trading as Screentec

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2023 584,970 81,093 21,121 687,184
Additions 33,916 - - 33,916
At 31 December 2023 618,886 81,093 21,121 721,100
DEPRECIATION
At 1 January 2023 451,721 72,126 5,354 529,201
Charge for year 35,633 2,229 3,942 41,804
At 31 December 2023 487,354 74,355 9,296 571,005
NET BOOK VALUE
At 31 December 2023 131,532 6,738 11,825 150,095
At 31 December 2022 133,249 8,967 15,767 157,983

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST OR VALUATION
At 1 January 2023 100
Additions 295,000
Revaluations (136,207 )
Reclassification/transfer (158,691 )
At 31 December 2023 202
NET BOOK VALUE
At 31 December 2023 202
At 31 December 2022 100

Cost or valuation at 31 December 2023 is represented by:

Shares in
group
undertakings
£   
Cost 202

Blue Sky Enterprises Limited (Registered number: 03485777)
Trading as Screentec

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 203,564 186,036
Other debtors 12,118 12,787
215,682 198,823

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 30,935 47,073
Hire purchase contracts 49,546 47,588
Trade creditors 126,234 113,226
Amounts owed to group undertakings 7,861 -
Taxation and social security 67,314 84,722
Other creditors 264,264 69,448
546,154 362,057

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 47,404 78,340
Hire purchase contracts 66,377 115,922
113,781 194,262

10. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank loans 78,339 125,413
Hire purchase contracts 115,923 163,510
194,262 288,923

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The Directors have provided personal guarantees in relation to the Development bank of Wales Loan that has been drawn.

12. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr D James and Mr D Dean by way of shareholding.