Registered number
09401027
Skyvana Ltd
Unaudited Filleted Accounts
31 March 2024
Skyvana Ltd
Registered number: 09401027
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Current assets
Cash at bank and in hand 206 869
Creditors: amounts falling due within one year 3 - (663)
Net current assets 206 206
Net assets 206 206
Capital and reserves
Called up share capital 1 1
Profit and loss account 205 205
Shareholder's funds 206 206
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Sophie Langdon
Director
Approved by the board on 20 January 2025
The notes on pages 6 - 7 form part of these financial statements.
Skyvana Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Statement of compliance
The accounts have been prepared in accordance with FRS 102, Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Revenue Recognition
Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances.
Revenue from the sale of goods is recognised when goods are delivered and legal title has passed.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss accurs. The amount of any reversal of any write-down of stocks is regognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
Taxation
Taxation represents the sum of tax currently payable and deferred tax.
The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be avaliable to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on the tax rates (and tax laws) that have been enacted by the end of the reporting period.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - 1
3 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs - 588
Other creditors - 75
- 663
4 Other information
Skyvana Ltd is a private company limited by shares and incorporated in England. Its registered office is:
1 Gardiner Close
Chalford
Stroud
Glos
GL6 8NU
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