Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-30false2023-10-01No description of principal activity54falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12184632 2023-10-01 2024-09-30 12184632 2022-10-01 2023-09-30 12184632 2024-09-30 12184632 2023-09-30 12184632 2022-10-01 12184632 c:Director1 2023-10-01 2024-09-30 12184632 c:Director2 2023-10-01 2024-09-30 12184632 d:MotorVehicles 2023-10-01 2024-09-30 12184632 d:MotorVehicles 2024-09-30 12184632 d:MotorVehicles 2023-09-30 12184632 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 12184632 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-10-01 2024-09-30 12184632 d:FurnitureFittings 2023-10-01 2024-09-30 12184632 d:FurnitureFittings 2024-09-30 12184632 d:FurnitureFittings 2023-09-30 12184632 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 12184632 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2023-10-01 2024-09-30 12184632 d:OfficeEquipment 2023-10-01 2024-09-30 12184632 d:OfficeEquipment 2024-09-30 12184632 d:OfficeEquipment 2023-09-30 12184632 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 12184632 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2023-10-01 2024-09-30 12184632 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 12184632 d:LeasedAssetsHeldAsLessee 2023-10-01 2024-09-30 12184632 d:CurrentFinancialInstruments 2024-09-30 12184632 d:CurrentFinancialInstruments 2023-09-30 12184632 d:Non-currentFinancialInstruments 2024-09-30 12184632 d:Non-currentFinancialInstruments 2023-09-30 12184632 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 12184632 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 12184632 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 12184632 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 12184632 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-09-30 12184632 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-09-30 12184632 d:ShareCapital 2023-10-01 2024-09-30 12184632 d:ShareCapital 2024-09-30 12184632 d:ShareCapital 2022-10-01 2023-09-30 12184632 d:ShareCapital 2023-09-30 12184632 d:ShareCapital 2022-10-01 12184632 d:RetainedEarningsAccumulatedLosses 2023-10-01 2024-09-30 12184632 d:RetainedEarningsAccumulatedLosses 2024-09-30 12184632 d:RetainedEarningsAccumulatedLosses 2022-10-01 2023-09-30 12184632 d:RetainedEarningsAccumulatedLosses 2023-09-30 12184632 d:RetainedEarningsAccumulatedLosses 2022-10-01 12184632 c:FRS102 2023-10-01 2024-09-30 12184632 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 12184632 c:FullAccounts 2023-10-01 2024-09-30 12184632 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 12184632 d:HirePurchaseContracts d:WithinOneYear 2024-09-30 12184632 d:HirePurchaseContracts d:WithinOneYear 2023-09-30 12184632 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-09-30 12184632 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-09-30 12184632 d:HirePurchaseContracts d:MoreThanFiveYears 2024-09-30 12184632 d:HirePurchaseContracts d:MoreThanFiveYears 2023-09-30 12184632 2 2023-10-01 2024-09-30 12184632 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure

Registered number: 12184632









URBAN SKIES LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
URBAN SKIES LTD
REGISTERED NUMBER: 12184632

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
30,921
4,512

  
30,921
4,512

Current assets
  

Stocks
  
64,136
53,855

Debtors: amounts falling due within one year
 5 
75,250
67,350

Cash at bank and in hand
 6 
83,163
135,080

  
222,549
256,285

Creditors: amounts falling due within one year
 7 
(152,623)
(152,453)

Net current assets
  
 
 
69,926
 
 
103,832

Total assets less current liabilities
  
100,847
108,344

Creditors: amounts falling due after more than one year
 8 
(30,821)
(17,500)

  

Net assets
  
70,026
90,844


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
69,026
89,844

  
70,026
90,844


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 statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

Page 1

 
URBAN SKIES LTD
REGISTERED NUMBER: 12184632
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




T M Swain
S F Lyon
Director
Director


Date: 24 April 2025

The notes on pages 5 to 11 form part of these financial statements.

Page 2

 
URBAN SKIES LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2024


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 October 2023
1,000
89,844
90,844


Comprehensive income for the year

Profit for the year

-
84,182
84,182


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
84,182
84,182


Contributions by and distributions to owners

Dividends: Equity capital
-
(105,000)
(105,000)


Total transactions with owners
-
(105,000)
(105,000)


At 30 September 2024
1,000
69,026
70,026


The notes on pages 5 to 11 form part of these financial statements.

Page 3

 
URBAN SKIES LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2023


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 October 2022
1,000
48,170
49,170


Comprehensive income for the year

Profit for the year

-
103,674
103,674


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
103,674
103,674


Contributions by and distributions to owners

Dividends: Equity capital
-
(62,000)
(62,000)


Total transactions with owners
-
(62,000)
(62,000)


At 30 September 2023
1,000
89,844
90,844


The notes on pages 5 to 11 form part of these financial statements.

Page 4

 
URBAN SKIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Urban Skies Ltd is a company limited by shares incorporated in England and Wales within the United Kingdom. The address of the registered office is C/O Hillier Hopkins Llp, 249 Silbury Boulevard, Milton Keynes, Bucks, United Kingdom, MK9 1NA.
The Company's principal activity is that of specialised design activities.
The financial statements are presented in sterling which is the functional currency of the Company and rounded to the nearest £1.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 5

 
URBAN SKIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue 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. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

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.

Page 6

 
URBAN SKIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.8

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.


 
2.9

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:

Motor vehicles
-
25%
straight line
Fixtures and fittings
-
15%
reducing balance
Office equipment
-
33%
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.

 
2.10

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 first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet 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.

 
2.11

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.

Page 7

 
URBAN SKIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.12

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.

 
2.13

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.

 
2.14

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

2024
2023
£
£

Wages and salaries
124,807
87,262

Social security costs
2,905
2,611

Cost of defined contribution scheme
1,346
997

129,058
90,870


The average monthly number of employees, including directors, during the year was 5 (2023 - 4).

Page 8

 
URBAN SKIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 October 2023
-
681
7,892
8,573


Additions
32,700
-
-
32,700


Disposals
-
-
(378)
(378)



At 30 September 2024

32,700
681
7,514
40,895



Depreciation


At 1 October 2023
-
191
3,870
4,061


Charge for the year on owned assets
-
74
1,876
1,950


Charge for the year on financed assets
4,088
-
-
4,088


Disposals
-
-
(125)
(125)



At 30 September 2024

4,088
265
5,621
9,974



Net book value



At 30 September 2024
28,612
416
1,893
30,921



At 30 September 2023
-
490
4,022
4,512


5.


Debtors

2024
2023
£
£


Trade debtors
65,901
64,000

Other debtors
9,349
3,350

75,250
67,350


Page 9

 
URBAN SKIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
83,163
135,080



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
5,000
-

Trade creditors
99,653
92,382

Corporation tax
17,050
27,991

Other taxation and social security
18,446
27,405

Obligations under finance lease and hire purchase contracts
6,489
-

Other creditors
4,735
4,175

Accruals and deferred income
1,250
500

152,623
152,453



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
7,622
17,500

Net obligations under finance leases and hire purchase contracts
23,199
-


Page 10

 
URBAN SKIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
5,000
-


5,000
-


Amounts falling due 2-5 years

Bank loans
7,622
17,500


7,622
17,500


12,622
17,500



10.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
6,489
-

Between 1-5 years
12,978
-

Over 5 years
10,221
-

29,688
-

 
Page 11