Caseware UK (AP4) 2023.0.135 2023.0.135 2024-12-312024-12-31true2024-01-01falseNo description of principal activity22falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05577076 2024-01-01 2024-12-31 05577076 2023-01-01 2023-12-31 05577076 2024-12-31 05577076 2023-12-31 05577076 c:Director1 2024-01-01 2024-12-31 05577076 c:Director2 2024-01-01 2024-12-31 05577076 c:RegisteredOffice 2024-01-01 2024-12-31 05577076 d:PlantMachinery 2024-01-01 2024-12-31 05577076 d:PlantMachinery 2024-12-31 05577076 d:PlantMachinery 2023-12-31 05577076 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 05577076 d:ComputerEquipment 2024-01-01 2024-12-31 05577076 d:ComputerEquipment 2024-12-31 05577076 d:ComputerEquipment 2023-12-31 05577076 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 05577076 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 05577076 d:CurrentFinancialInstruments 2024-12-31 05577076 d:CurrentFinancialInstruments 2023-12-31 05577076 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 05577076 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 05577076 d:ShareCapital 2024-12-31 05577076 d:ShareCapital 2023-12-31 05577076 d:RetainedEarningsAccumulatedLosses 2024-12-31 05577076 d:RetainedEarningsAccumulatedLosses 2023-12-31 05577076 c:FRS102 2024-01-01 2024-12-31 05577076 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 05577076 c:FullAccounts 2024-01-01 2024-12-31 05577076 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 05577076 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure
Company registration number: 05577076







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2024


SKYCOOLER LIMITED






































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SKYCOOLER LIMITED
 


 
COMPANY INFORMATION


Directors
J Veslov 
K J Veslov 




Registered number
05577076



Registered office
Magna House
18-32 London Road

Staines-Upon-Thames

TW18 4BP




Accountants
Menzies LLP
Chartered Accountants

Magna House

18-32 London Road

Staines-Upon-Thames

TW18 4BP





 


SKYCOOLER LIMITED
 



CONTENTS



Page
Statement of financial position
1
Notes to the financial statements
2 - 4


 


SKYCOOLER LIMITED
REGISTERED NUMBER:05577076



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
79,214
115,790

  
79,214
115,790

Current assets
  

Stocks
  
22,662
13,843

Debtors: amounts falling due within one year
 5 
44,091
36,807

Cash at bank and in hand
  
42,986
40,894

  
109,739
91,544

Creditors: amounts falling due within one year
 6 
(31,523)
(34,508)

Net current assets
  
 
 
78,216
 
 
57,036

Total assets less current liabilities
  
157,430
172,826

  

Net assets
  
157,430
172,826


Capital and reserves
  

Called up share capital 
  
238,794
238,794

Profit and loss account
  
(81,364)
(65,968)

  
157,430
172,826


The directors consider 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 year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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 profit and loss account 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 by: 

J Veslov
Director
Date: 31 January 2025

The notes on pages 2 to 4 form part of these financial statements.
Page 1

 


SKYCOOLER LIMITED
 


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

1.


General information

Skycooler Limited is a private company limited by shares and incorporated in England and Wales. The address of the registered office is given in the company information page of these financial statements.  

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

Going concern

The financial statements have been prepared on a going concern basis. There are no significant judgements or estimates used by management in assessing the appropriateness of going concern.

 
2.3

Turnover

Turnover 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. Turnover is generated by renting and leasing of freight air transport equipment and is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.4

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the company in independently administered funds.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 2

 


SKYCOOLER LIMITED
 


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

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
Straight line
Computer equipment
-
20%
Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

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 weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting 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.

 
2.7

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 3

 


SKYCOOLER LIMITED
 


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

4.


Tangible fixed assets





Plant and machinery
Computer equipment
Total

£
£
£



Cost or valuation


At 1 January 2024
177,936
4,927
182,863



At 31 December 2024

177,936
4,927
182,863



Depreciation


At 1 January 2024
64,840
2,233
67,073


Charge for the year on owned assets
35,588
988
36,576



At 31 December 2024

100,428
3,221
103,649



Net book value



At 31 December 2024
77,508
1,706
79,214



At 31 December 2023
113,096
2,694
115,790


5.


Debtors

2024
2023
£
£


Trade debtors
41,965
27,307

Prepayments and accrued income
2,126
9,500

44,091
36,807



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
295
655

Other taxation and social security
12,608
13,211

Other creditors
-
2,017

Accruals and deferred income
18,620
18,625

31,523
34,508


 
Page 4