Caseware UK (AP4) 2024.0.164 2024.0.164 2024-07-312024-07-31truefalse2023-08-01No description of principal activity2The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2truefalse 14211326 2023-07-31 14211326 2023-08-01 2024-07-31 14211326 2022-07-04 2023-07-31 14211326 2024-07-31 14211326 c:Director1 2023-08-01 2024-07-31 14211326 d:OfficeEquipment 2023-08-01 2024-07-31 14211326 d:OfficeEquipment 2024-07-31 14211326 d:OfficeEquipment 2023-07-31 14211326 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 14211326 d:CurrentFinancialInstruments 2024-07-31 14211326 d:CurrentFinancialInstruments 2023-07-31 14211326 c:OrdinaryShareClass1 2023-08-01 2024-07-31 14211326 c:OrdinaryShareClass1 2024-07-31 14211326 c:OrdinaryShareClass1 2023-07-31 14211326 c:OrdinaryShareClass2 2023-08-01 2024-07-31 14211326 c:OrdinaryShareClass2 2024-07-31 14211326 c:OrdinaryShareClass2 2023-07-31 14211326 c:FRS102 2023-08-01 2024-07-31 14211326 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 14211326 c:FullAccounts 2023-08-01 2024-07-31 14211326 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 14211326 e:PoundSterling 2023-08-01 2024-07-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14211326









SKY EDGE TECHNOLOGIES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2024

 
SKY EDGE TECHNOLOGIES LIMITED
REGISTERED NUMBER: 14211326

BALANCE SHEET
AS AT 31 JULY 2024

2024
2023
£
£


Fixed assets
1,840
927

Current assets
112,415
64,844

Creditors: amounts falling due within one year
(55,853)
(62,010)

Net current assets
 
 
56,562
 
 
2,834

Total assets less current liabilities
58,402
3,761


Net assets
58,402
3,761



Capital and reserves
58,402
3,761


Page 1

 
SKY EDGE TECHNOLOGIES LIMITED
REGISTERED NUMBER: 14211326
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2024

The director considers 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 director acknowledges his 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 statement of income and retained earnings 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 on 23 April 2025.




M S Mandair
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
SKY EDGE TECHNOLOGIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

The Company is a private company, limited by shares, incorporated and domiciled in England within the United Kingdom, registration number 14211326.  The Company's registered office is Sterling House, 71 Francis Road, Edgabston, Birmingham, B16 8SP.
The company was incorporated on 4 July 2022 and the comparative figures cover the period from incorporation to 31 July 2023.  These accounts cover the year ended 31 July 2024.
The financial statements are presented in sterling which is the functional currency of the company and the financial statements are rounded to the nearest £1.

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

These directors have been prepared the accounts on a going concern basis. 

 
2.3

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 Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


Page 3

 
SKY EDGE TECHNOLOGIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
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.

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:

Office equipment
-
25%

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

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

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

Page 4

 
SKY EDGE TECHNOLOGIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 August 2023
1,236


Additions
1,629



At 31 July 2024

2,865



Depreciation


At 1 August 2023
309


Charge for the year on owned assets
716



At 31 July 2024

1,025



Net book value



At 31 July 2024
1,840



At 31 July 2023
927


5.


Debtors

2024
2023
£
£


Trade debtors
7,992
12,672

Other debtors
77,000
-

84,992
12,672


Page 5

 
SKY EDGE TECHNOLOGIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
198
198

Corporation tax
22,048
12,640

Other taxation and social security
5,374
5,672

Other creditors
26,873
42,240

Accruals and deferred income
1,360
1,260

55,853
62,010



7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



75 (2023 - 75) Ordinary shares of £1.00 each
75
75
25 (2023 - 25) Ordinary 'A' shares of £1.00 each
25
25

100

100



8.


Related party transactions

During the period the company received a loan from the director or shareholders.  The balance outstanding and due to the director and shareholders at 31 July 2024 was £26,740 (2023 - £42,240).
During the year the company made loans to a company under common control of the directors.  The amount outstanding and included within other debtors at 31 July 2024 was £77,000 (2023 - £Nil).
Loans are interest free and repayable on demand.

 
Page 6