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REGISTERED NUMBER: 09440658 (England and Wales)














Unaudited Financial Statements

for the Year Ended 29 February 2024

for

SKYHAWK GLOBAL LTD

SKYHAWK GLOBAL LTD (REGISTERED NUMBER: 09440658)






Contents of the Financial Statements
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 8

SKYHAWK GLOBAL LTD

Company Information
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: A A East
J Kellerstrass





REGISTERED OFFICE: Fairway House
Links Business Park
St.Mellons
Cardiff
South Glamorgan
CF3 0LT





REGISTERED NUMBER: 09440658 (England and Wales)





ACCOUNTANTS: Hayvenhursts
Fairway House
Links Business Park
St Mellons
Cardiff
CF3 0LT

SKYHAWK GLOBAL LTD (REGISTERED NUMBER: 09440658)

Balance Sheet
29 FEBRUARY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 1,397 30

CURRENT ASSETS
Stocks 24,361 36,037
Debtors 6 196,739 146,004
Cash at bank and in hand 297 80
221,397 182,121
CREDITORS
Amounts falling due within one year 7 (245,538 ) (391,950 )
NET CURRENT LIABILITIES (24,141 ) (209,829 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(22,744

)

(209,799

)

CREDITORS
Amounts falling due after more than
one year

8

(3,394

)

(5,191

)
NET LIABILITIES (26,138 ) (214,990 )

CAPITAL AND RESERVES
Called up share capital 10 200 200
Share premium 11 71,044 71,044
Retained earnings 11 (97,382 ) (286,234 )
SHAREHOLDERS' FUNDS (26,138 ) (214,990 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

SKYHAWK GLOBAL LTD (REGISTERED NUMBER: 09440658)

Balance Sheet - continued
29 FEBRUARY 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 25 November 2024 and were signed on its behalf by:





A A East - Director


SKYHAWK GLOBAL LTD (REGISTERED NUMBER: 09440658)

Notes to the Financial Statements
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Skyhawk Global 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on a going concern basis based upon the continued support of the directors

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.
Computer equipment - 33% on cost

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

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.

SKYHAWK GLOBAL LTD (REGISTERED NUMBER: 09440658)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 2 ).

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 March 2023 6,510
Additions 2,084
At 29 February 2024 8,594
DEPRECIATION
At 1 March 2023 6,480
Charge for year 717
At 29 February 2024 7,197
NET BOOK VALUE
At 29 February 2024 1,397
At 28 February 2023 30

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 196,339 145,470
Prepayments 400 534
196,739 146,004

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9)
1,800

4,272
Other loans (see note 9) 77,622 77,622
Trade creditors 44,417 151,373
Social security and other taxes 9,377 10,364
Directors' current accounts 109,098 145,919
Accrued expenses 3,224 2,400
245,538 391,950

SKYHAWK GLOBAL LTD (REGISTERED NUMBER: 09440658)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans (see note 9) 3,394 5,191

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts - 2,522
Bank loans 1,800 1,750
Other loans 77,622 77,622
79,422 81,894

Amounts falling due between one and two years:
Bank loans - 1-2 years 1,850 1,800

Amounts falling due between two and five years:
Bank loans - 2-5 years 1,544 3,391

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
200 Ordinary 1 200 200

11. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 March 2023 (286,234 ) 71,044 (215,190 )
Profit for the year 188,852 188,852
At 29 February 2024 (97,382 ) 71,044 (26,338 )

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors loan account of £109,098 (2023 £145,919) is interest free and payable upon demand.

SKYHAWK GLOBAL LTD (REGISTERED NUMBER: 09440658)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

13. ULTIMATE CONTROLLING PARTY

The controlling party is A A East.

SKYHAWK GLOBAL LTD

Report of the Accountants to the Directors of
Skyhawk Global Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 29 February 2024 set out on pages three to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Hayvenhursts
Fairway House
Links Business Park
St Mellons
Cardiff
CF3 0LT


25 November 2024