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REGISTERED NUMBER: 04874823 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2024

FOR

SKYBLU LIMITED

SKYBLU LIMITED (REGISTERED NUMBER: 04874823)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SKYBLU LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2024







DIRECTORS: Mrs C Barker
D Barker





SECRETARY: Miss C E Jacques





REGISTERED OFFICE: Grove Barn
11 Silica Court
Kirk Sandall
Doncaster
South Yorkshire
DN3 1EG





REGISTERED NUMBER: 04874823 (England and Wales)





AUDITORS: Leesing Marrison Lee & Co
Chartered Certified Accountants
Register Auditor
46 Main Street
Mexborough
South Yorkshire
S64 9DU

SKYBLU LIMITED (REGISTERED NUMBER: 04874823)

BALANCE SHEET
30TH SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 12,145 17,525
12,145 17,525

CURRENT ASSETS
Stocks - 154,084
Debtors 6 276,076 115,100
Cash at bank 278,758 92,628
554,834 361,812
CREDITORS
Amounts falling due within one year 7 221,164 139,390
NET CURRENT ASSETS 333,670 222,422
TOTAL ASSETS LESS CURRENT
LIABILITIES

345,815

239,947

CREDITORS
Amounts falling due after more than one
year

8

(8,214

)

(18,271

)

PROVISIONS FOR LIABILITIES (3,036 ) (4,381 )
NET ASSETS 334,565 217,295

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 334,465 217,195
SHAREHOLDERS' FUNDS 334,565 217,295

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 2nd May 2025 and were signed on its behalf by:





D Barker - Director


SKYBLU LIMITED (REGISTERED NUMBER: 04874823)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

1. STATUTORY INFORMATION

Skyblu 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.

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 assumes the continued financial support of the directors.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, has been amortised evenly over its estimated useful life of 2 years. It is fully amortised.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

SKYBLU LIMITED (REGISTERED NUMBER: 04874823)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st October 2023 5,000
Disposals (5,000 )
At 30th September 2024 -
AMORTISATION
At 1st October 2023 5,000
Eliminated on disposal (5,000 )
At 30th September 2024 -
NET BOOK VALUE
At 30th September 2024 -
At 30th September 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1st October 2023 31,119 27,622 9,356 68,097
Additions - - 2,678 2,678
Disposals (24,140 ) - (1,500 ) (25,640 )
At 30th September 2024 6,979 27,622 10,534 45,135
DEPRECIATION
At 1st October 2023 26,839 18,720 5,013 50,572
Charge for year 204 1,780 2,172 4,156
Eliminated on disposal (20,677 ) - (1,061 ) (21,738 )
At 30th September 2024 6,366 20,500 6,124 32,990
NET BOOK VALUE
At 30th September 2024 613 7,122 4,410 12,145
At 30th September 2023 4,280 8,902 4,343 17,525

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 50,142 -
Amounts owed by group undertakings 225,803 104,100
Other debtors 131 11,000
276,076 115,100

SKYBLU LIMITED (REGISTERED NUMBER: 04874823)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 3,874 6,439
Amounts owed to group undertakings 75,000 -
Taxation and social security 123,442 112,755
Other creditors 8,848 10,196
221,164 139,390

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans 8,214 18,271

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Robert Tippett (Senior Statutory Auditor)
for and on behalf of Leesing Marrison Lee & Co

10. RELATED PARTY DISCLOSURES

The directors are interested as directors in Albemarle Homes Limited and Albemarle Portfolio Limited.

There is a balance due to Albemarle Homes Limited at the balance sheet date of £132,589 (2023: £829). During the year, the client paid for management services from Albemarle Homes Limited of £169,367 (2023: £NIL). During the year, the client made no purchases from Albemarle Homes Limited (2023: £50,483).

There is a balance due to Albermarle Portfolio Limited at the balance sheet date of £93,214 (2023: £103,271). During the year, the company charged interest to Albemarle Portfolio Limited on the outstanding loan balance of £592 (2023: £840).

11. ULTIMATE CONTROLLING PARTY

The controlling party is Albemarle Holdings Limited.

The directors owning the entire issued share capital of the controlling party exercised control over the company.