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REGISTERED NUMBER: 08910379 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

SKY BLUE AVIATION LTD

SKY BLUE AVIATION LTD (REGISTERED NUMBER: 08910379)






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


SKY BLUE AVIATION LTD

COMPANY INFORMATION
for the Year Ended 29 February 2024







DIRECTORS: A M Williams
Mrs T Williams





REGISTERED OFFICE: Rissington House
11a Woodgate
Rothley
Leicester
LE7 7LL





REGISTERED NUMBER: 08910379 (England and Wales)





ACCOUNTANTS: BP & Co Chartered Accountants
Enterprise House
2 Pass Street
Oldham
Lancashire
OL9 6HZ

SKY BLUE AVIATION LTD (REGISTERED NUMBER: 08910379)

BALANCE SHEET
29 February 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 252,435 252,864
Investments 5 106,441 106,441
358,876 359,305

CURRENT ASSETS
Debtors 6 - 187
Cash at bank and in hand 5,717 946
5,717 1,133
CREDITORS
Amounts falling due within one year 7 (188,409 ) (181,230 )
NET CURRENT LIABILITIES (182,692 ) (180,097 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

176,184

179,208

CAPITAL AND RESERVES
Called up share capital 8 202 202
Retained earnings 175,982 179,006
SHAREHOLDERS' FUNDS 176,184 179,208

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.

SKY BLUE AVIATION LTD (REGISTERED NUMBER: 08910379)

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 28 November 2024 and were signed on its behalf by:





A M Williams - Director


SKY BLUE AVIATION LTD (REGISTERED NUMBER: 08910379)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Sky Blue Aviation 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. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% 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 NIL (2023 - NIL).

SKY BLUE AVIATION LTD (REGISTERED NUMBER: 08910379)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST
At 1 March 2023
and 29 February 2024 250,000 6,455 256,455
DEPRECIATION
At 1 March 2023 - 3,591 3,591
Charge for year - 429 429
At 29 February 2024 - 4,020 4,020
NET BOOK VALUE
At 29 February 2024 250,000 2,435 252,435
At 28 February 2023 250,000 2,864 252,864

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 March 2023
and 29 February 2024 106,441
NET BOOK VALUE
At 29 February 2024 106,441
At 28 February 2023 106,441

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 187

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 36,746 40,186
Taxation and social security - (2,491 )
Other creditors 151,663 143,535
188,409 181,230

SKY BLUE AVIATION LTD (REGISTERED NUMBER: 08910379)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 February 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
200 Ordinary £1 200 200
1 Preference £1 1 1
1 Preference £1 1 1
202 202