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Registered number: 13319292
Skygate Holdings Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Smith Hannah Limited
Chartered Certified Accountants
50 Woodgate
Leicester
LE3 5GF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3
Page 1
Balance Sheet
Registered number: 13319292
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Stocks 3,765,823 3,744,172
Debtors 4 774 7,410
Cash at bank and in hand 946 259
3,767,543 3,751,841
Creditors: Amounts Falling Due Within One Year 5 (2,781 ) (9,668 )
NET CURRENT ASSETS (LIABILITIES) 3,764,762 3,742,173
TOTAL ASSETS LESS CURRENT LIABILITIES 3,764,762 3,742,173
Creditors: Amounts Falling Due After More Than One Year 6 (3,773,535 ) (3,747,035 )
NET LIABILITIES (8,773 ) (4,862 )
CAPITAL AND RESERVES
Called up share capital 2 2
Profit and Loss Account (8,775 ) (4,864 )
SHAREHOLDERS' FUNDS (8,773) (4,862)
Page 1
Page 2
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Tariq Fazal
Director
5th March 2025
The notes on page 3 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Skygate Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13319292 . The registered office is 50 Woodgate, Leicester, LE3 5GH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Debtors
2024 2023
£ £
Due within one year
Other taxes and social security 774 7,410
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 20 7,567
Other creditors 2,761 2,101
2,781 9,668
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 3,773,535 3,747,035
Page 3