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REGISTERED NUMBER: 05444071 (England and Wales)



















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

SKYMAX LIMITED

SKYMAX LIMITED (REGISTERED NUMBER: 05444071)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SKYMAX LIMITED

COMPANY INFORMATION
for the Year Ended 31 DECEMBER 2024







DIRECTOR: Mr R Hughes





REGISTERED OFFICE: 260 - 270
Butterfield
Great Marlings
Luton
Bedfordshire
LU2 8DL





BUSINESS ADDRESS: Units 51A & B
Hobbs Industrial Estate
Newchapel
Lingfield
Surrey
RH7 6HN





REGISTERED NUMBER: 05444071 (England and Wales)





ACCOUNTANTS: Foxley Kingham
Chartered Accountants
260 - 270 Butterfield
Great Marlings
Luton
Bedfordshire
LU2 8DL

SKYMAX LIMITED (REGISTERED NUMBER: 05444071)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 4,881 6,702

CURRENT ASSETS
Stocks 361,564 437,395
Debtors 5 200,083 108,390
Cash at bank 48,630 60,117
610,277 605,902
CREDITORS
Amounts falling due within one year 6 442,009 435,833
NET CURRENT ASSETS 168,268 170,069
TOTAL ASSETS LESS CURRENT
LIABILITIES

173,149

176,771

CREDITORS
Amounts falling due after more than one
year

7

(6,667

)

(22,667

)

PROVISIONS FOR LIABILITIES (927 ) (1,676 )
NET ASSETS 165,555 152,428

CAPITAL AND RESERVES
Called up share capital 150,000 150,000
Retained earnings 15,555 2,428
SHAREHOLDERS' FUNDS 165,555 152,428

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

SKYMAX LIMITED (REGISTERED NUMBER: 05444071)

BALANCE SHEET - continued
31 DECEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 May 2025 and were signed by:





Mr R Hughes - Director


SKYMAX LIMITED (REGISTERED NUMBER: 05444071)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 DECEMBER 2024

1. STATUTORY INFORMATION

Skymax Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The accounts have been prepared on a going concern basis which is considered appropriate, although the company's ability to continue trading is reliant on the continued support of the director and bank.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on reducing balance

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

The gain or loss arising on disposal of an asset is determined at the difference between the sales proceeds and the carrying value of the asset, and is credited or charged to the profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


SKYMAX LIMITED (REGISTERED NUMBER: 05444071)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2024
and 31 December 2024 16,600 12,084 28,684
DEPRECIATION
At 1 January 2024 11,651 10,331 21,982
Charge for year 1,237 584 1,821
At 31 December 2024 12,888 10,915 23,803
NET BOOK VALUE
At 31 December 2024 3,712 1,169 4,881
At 31 December 2023 4,949 1,753 6,702

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 196,798 106,176
Prepayments 3,285 2,214
200,083 108,390

SKYMAX LIMITED (REGISTERED NUMBER: 05444071)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 DECEMBER 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 66,097 183,048
Trade creditors 157,878 80,859
Corporation tax 6,145 7,222
Taxation and social security 216 144
VAT 69,514 55,807
Other creditors 139,639 102,071
Director's loan account - 4,147
Accrued expenses 2,520 2,535
442,009 435,833

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 6,667 16,000
Bank loans - 2-5 years - 6,667
6,667 22,667

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdraft 50,097 -
Bank loans 22,667 205,715
Other creditors 138,759 103,956
211,523 309,671

Bank overdraft
The bank overdraft facility is repayable on demand.

Bank loans
The bank loans are secured by way of fixed and floating charges against the assets of the company.

Other creditors
Invoice financing included in other creditors is secured by way of a fixed charge on non-vesting debts and a floating charge (which covers all the property or undertakings of the company).