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REGISTERED NUMBER: 12459867 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

SKYE PROJECTS LTD

SKYE PROJECTS LTD (REGISTERED NUMBER: 12459867)






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


SKYE PROJECTS LTD

Company Information
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTOR: Mr A J Gee





SECRETARY: Ms H Gee





REGISTERED OFFICE: Ground Floor Marlborough House
298 Regents Park Road
London
N3 2SZ





REGISTERED NUMBER: 12459867 (England and Wales)






SKYE PROJECTS LTD (REGISTERED NUMBER: 12459867)

Balance Sheet
29 FEBRUARY 2024

29.2.24 28.2.23
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 105 175

CURRENT ASSETS
Debtors 5 44,097 55,120
Cash at bank 9,207 10,009
53,304 65,129
CREDITORS
Amounts falling due within one year 6 45,344 46,262
NET CURRENT ASSETS 7,960 18,867
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,065

19,042

CREDITORS
Amounts falling due after more than one year 7 7,756 18,661
NET ASSETS 309 381

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 307 379
309 381

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 director acknowledges his 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.

SKYE PROJECTS LTD (REGISTERED NUMBER: 12459867)

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 director and authorised for issue on 1 February 2025 and were signed by:





Mr A J Gee - Director


SKYE PROJECTS LTD (REGISTERED NUMBER: 12459867)

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

1. STATUTORY INFORMATION

Skye Projects 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.

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.
Office Equipment - 25% on cost

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 1 (2023 - 1 ) .

SKYE PROJECTS LTD (REGISTERED NUMBER: 12459867)

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

4. TANGIBLE FIXED ASSETS
Office
Equipment
£
COST
At 1 March 2023
and 29 February 2024 280
DEPRECIATION
At 1 March 2023 105
Charge for year 70
At 29 February 2024 175
NET BOOK VALUE
At 29 February 2024 105
At 28 February 2023 175

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£ £
Other debtors 21,324 22,299
Director's current account 22,773 32,821
44,097 55,120

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£ £
Bank loans and overdrafts 5,452 -
Trade creditors 3,172 1,590
Corporation tax 33,233 29,949
Value added tax 3,131 14,723
Other creditors 356 -
45,344 46,262

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£ £
Bank loans - 1-2 years 7,756 -
Bank loans - 2-5 years - 18,661
7,756 18,661

SKYE PROJECTS LTD (REGISTERED NUMBER: 12459867)

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

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

29.2.24 28.2.23
£ £
Mr A J Gee
Balance outstanding at start of year 32,821 (7,207 )
Amounts advanced - 40,028
Amounts repaid (10,048 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 22,773 32,821