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REGISTERED NUMBER: 04753004 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Blue Sky Hosting Ltd

Blue Sky Hosting Ltd (Registered number: 04753004)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Blue Sky Hosting Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: K Young
S A Stubbs
M McCloskey





SECRETARY: Mrs D Robinson





REGISTERED OFFICE: 14 Great College Street,
Westminster,
London
SW1P 3RX





REGISTERED NUMBER: 04753004 (England and Wales)






Blue Sky Hosting Ltd (Registered number: 04753004)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,214 3,037

CURRENT ASSETS
Debtors 5 203,026 182,115
Cash at bank 7,486 83,407
210,512 265,522
CREDITORS
Amounts falling due within one year 6 200,442 227,593
NET CURRENT ASSETS 10,070 37,929
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,284

40,966

CREDITORS
Amounts falling due after more than one
year

7

10,000

20,000
NET ASSETS 2,284 20,966

CAPITAL AND RESERVES
Called up share capital 9 205,002 75,002
Retained earnings (202,718 ) (54,036 )
SHAREHOLDERS' FUNDS 2,284 20,966

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Blue Sky Hosting Ltd (Registered number: 04753004)

Balance Sheet - continued
30 June 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 31 January 2025 and were signed on its behalf by:





S A Stubbs - Director


Blue Sky Hosting Ltd (Registered number: 04753004)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Blue Sky Hosting 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
The turnover is the total amount, excluding value added tax, receivable by the company in the ordinary course of business for services provided as a principal.

Revenue consists primarily of recurring monthly fees from hosting services which is recognised as the services are provided. Hosting service contract range from one month to three years. Payments received and billings in advance of providing services are deferred until the services are provided. Unbilled revenues for services are accrued at the end of each period.

Set up fees are non-refundable and are recognised at the time of sale.

Usage based fees are recognised as the service is provided.

Service credits are provided on a case by case basis in accordance with service agreements. These credits are determined and accounted for at the time the service failure became evident.

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 etc - 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.

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.

Blue Sky Hosting Ltd (Registered number: 04753004)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

Financial assets and liabilities
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 254,737
Additions 582
At 30 June 2024 255,319
DEPRECIATION
At 1 July 2023 251,700
Charge for year 1,405
At 30 June 2024 253,105
NET BOOK VALUE
At 30 June 2024 2,214
At 30 June 2023 3,037

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 107,603 166,937
Prepayments 95,423 15,178
203,026 182,115

Blue Sky Hosting Ltd (Registered number: 04753004)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loan and overdraft 10,000 10,000
Trade creditors 27,759 36,764
Taxation and social security 29,940 44,099
Deferred income and accruals 132,743 136,730
200,442 227,593

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loan 10,000 20,000

8. FINANCIAL INSTRUMENTS

During June 2020 the company applied for a loan under the Bounce Back Loan Scheme (BBLS) of £50,000 from Barclays Bank Plc and the funds were received into the company's bank account on 17th June 2020.

The company remains liable for all sums payable under the loan agreement, but the scheme gives the lender a full government-backed guarantee against the outstanding balance of the facility (both capital and interest).The Government made a Business Interruption Payment (BIP) to cover the first 12 months of interest payments.

The length of the loan is six years and after the initial period of twelve months the loan is repayable over five years at a rate of 2.5%.

The balance at the year end was £20,000 (2023-£30,000).

9. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
205,002 Share capital 1 Ordin ary 205,002 75,002

During the year the company issued £130,000 ordinary shares of £1 each at par.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

30.6.24 30.6.23
£    £   
K Young
Balance outstanding at start of year 25,511 886
Amounts advanced 48,471 25,511
Amounts repaid (73,982 ) (886 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 25,511

Blue Sky Hosting Ltd (Registered number: 04753004)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

11. ULTIMATE CONTROLLING PARTY

The controlling party is K Young.