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REGISTERED NUMBER: 08152050 (England and Wales)
















SKYLINE ENGINEERING (SOUTH EAST) LIMITED

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024






SKYLINE ENGINEERING (SOUTH EAST) LIMITED (REGISTERED NUMBER: 08152050)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










Page

Company Information 1

Report of the Directors 2

Balance Sheet 3

Notes to the Financial Statements 5


SKYLINE ENGINEERING (SOUTH EAST) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: A M Wilkins
D I Wilkins
S T Beavan





REGISTERED OFFICE: Unit 2 Lakeview Stables
Lower St Clere
Kemsing
Sevenoaks
Kent
TN15 6NL





REGISTERED NUMBER: 08152050 (England and Wales)





ACCOUNTANTS: Lakeview Southern Limited
Chartered Accountants
2 Lakeview Stables
Lower St. Clere
Kemsing
Sevenoaks
Kent
TN15 6NL

SKYLINE ENGINEERING (SOUTH EAST) LIMITED (REGISTERED NUMBER: 08152050)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 AUGUST 2024


The directors present their report with the financial statements of the company for the year ended 31 August 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of engineering.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 September 2023 to the date of this report.

A M Wilkins
D I Wilkins
S T Beavan

POLITICAL DONATIONS AND EXPENDITURE
During the year the company made charitable donations totalling £3,210.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





S T Beavan - Director


22 January 2025

SKYLINE ENGINEERING (SOUTH EAST) LIMITED (REGISTERED NUMBER: 08152050)

BALANCE SHEET
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,060 17,412

CURRENT ASSETS
Stocks 345,000 210,000
Debtors 5 487,382 446,996
Cash at bank 277,677 179,254
1,110,059 836,250
CREDITORS
Amounts falling due within one year 6 434,860 288,646
NET CURRENT ASSETS 675,199 547,604
TOTAL ASSETS LESS CURRENT
LIABILITIES

688,259

565,016

CREDITORS
Amounts falling due after more than one year 7 (138,422 ) (6,220 )

PROVISIONS FOR LIABILITIES (3,265 ) (4,353 )
NET ASSETS 546,572 554,443

CAPITAL AND RESERVES
Called up share capital 59 75
Retained earnings 546,513 554,368
SHAREHOLDERS' FUNDS 546,572 554,443

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

SKYLINE ENGINEERING (SOUTH EAST) LIMITED (REGISTERED NUMBER: 08152050)

BALANCE SHEET - continued
31 AUGUST 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 22 January 2025 and were signed on its behalf by:





A M Wilkins - Director


SKYLINE ENGINEERING (SOUTH EAST) LIMITED (REGISTERED NUMBER: 08152050)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024


1. STATUTORY INFORMATION

Skyline Engineering (South East) 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.

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.

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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 25% on reducing balance

Stocks and amounts recoverable on contracts
Work in progress is valued at the lower of cost and net realisable value.

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.

Amounts recoverable on long term contracts, which are included in debtors, are stated at the net sales value of the work done after provision for contingencies and anticipated future losses on contracts, less amounts received as progress payments on account. Excess progress payments are included in creditors as payments on account.

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.


SKYLINE ENGINEERING (SOUTH EAST) LIMITED (REGISTERED NUMBER: 08152050)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


2. ACCOUNTING POLICIES - continued
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 12 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Office
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2023
and 31 August 2024 28,194 34,800 6,703 69,697
DEPRECIATION
At 1 September 2023 23,573 22,427 6,285 52,285
Charge for year 1,155 3,093 104 4,352
At 31 August 2024 24,728 25,520 6,389 56,637
NET BOOK VALUE
At 31 August 2024 3,466 9,280 314 13,060
At 31 August 2023 4,621 12,373 418 17,412

SKYLINE ENGINEERING (SOUTH EAST) LIMITED (REGISTERED NUMBER: 08152050)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 215,000 221,000
Other debtors 272,382 225,996
487,382 446,996

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Hire purchase contracts 5,359 5,360
Trade creditors 238,325 208,542
Taxation and social security 117,739 57,023
Other creditors 73,437 17,721
434,860 288,646

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Hire purchase contracts 860 6,220
Other creditors 137,562 -
138,422 6,220

8. ULTIMATE CONTROLLING PARTY

The company is under the control of the directors as they own 100% of the share capital.