Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-292023-02-27truefalseconsultancy services1falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 14690188 2023-02-26 14690188 2023-02-27 2024-02-29 14690188 2022-02-27 2023-02-26 14690188 2024-02-29 14690188 c:Director1 2023-02-27 2024-02-29 14690188 d:CurrentFinancialInstruments 2024-02-29 14690188 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 14690188 d:ShareCapital 2024-02-29 14690188 d:RetainedEarningsAccumulatedLosses 2024-02-29 14690188 c:FRS102 2023-02-27 2024-02-29 14690188 c:AuditExempt-NoAccountantsReport 2023-02-27 2024-02-29 14690188 c:FullAccounts 2023-02-27 2024-02-29 14690188 c:PrivateLimitedCompanyLtd 2023-02-27 2024-02-29 14690188 e:PoundSterling 2023-02-27 2024-02-29 iso4217:GBP xbrli:pure

Registered number:  14690188














SKYTECH CONSULTANTS LTD
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 FEBRUARY 2024


 
SKYTECH CONSULTANTS LTD
REGISTERED NUMBER: 14690188

BALANCE SHEET
AS AT 29 FEBRUARY 2024

2024
Note
£

  

Current assets
  

Stocks
  
3,640

Debtors: amounts falling due within one year
 4 
10,000

Cash at bank and in hand
 5 
1,776

  
15,416

Creditors: amounts falling due within one year
 6 
(5,556)

Net current assets
  
 
 
9,860

Total assets less current liabilities
  
9,860

  

Net assets
  
9,860


Capital and reserves
  

Called up share capital 
  
100

Profit and loss account
  
9,760

  
9,860


Page 1

 
SKYTECH CONSULTANTS LTD
REGISTERED NUMBER: 14690188
    
BALANCE SHEET (CONTINUED)
AS AT 29 FEBRUARY 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 22 November 2024.




M Brackley
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
SKYTECH CONSULTANTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 FEBRUARY 2024

1.


General information

The company is a private company limited by shares, which is incorporated under the Companies Act
2006 and registered in England and Wales (no.14690188). The address of the registered office is The
Plaza, 100 Old Hall Street, Liverpool, L3 9QJ.
These financial statements present information about the company as an individual undertaking; it is not
a member of a group of companies. The principal activity of the company is that of consultancy. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


Page 3

 
SKYTECH CONSULTANTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees




The average monthly number of employees, including directors, during the period was 1.


4.


Debtors

2024
£


Other debtors
10,000

10,000


Page 4

 
SKYTECH CONSULTANTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 FEBRUARY 2024

5.


Cash and cash equivalents

2024
£

Cash at bank and in hand
1,776

1,776



6.


Creditors: Amounts falling due within one year

2024
£

Corporation tax
4,756

Accruals and deferred income
800

5,556



7.


Related party transactions

Included in other debtors is an amount of £10,000 owed from the director. The loan is
repayable on demand and no interest has been charged.


8.


Controlling party

The company is under the control of the director.

 
Page 5