Acorah Software Products - Accounts Production 16.3.350 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 06603433 Mr Elliott Horn Mr Gary Coppin Mr Paul Swords false iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06603433 2023-12-31 06603433 2024-12-31 06603433 2024-01-01 2024-12-31 06603433 frs-core:CurrentFinancialInstruments 2024-12-31 06603433 frs-core:BetweenOneFiveYears 2024-12-31 06603433 frs-core:FurnitureFittings 2024-12-31 06603433 frs-core:FurnitureFittings 2024-01-01 2024-12-31 06603433 frs-core:FurnitureFittings 2023-12-31 06603433 frs-core:MotorVehicles 2024-12-31 06603433 frs-core:MotorVehicles 2024-01-01 2024-12-31 06603433 frs-core:MotorVehicles 2023-12-31 06603433 frs-core:PlantMachinery 2024-01-01 2024-12-31 06603433 frs-core:WithinOneYear 2024-12-31 06603433 frs-core:ShareCapital 2024-12-31 06603433 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 06603433 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 06603433 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 06603433 frs-bus:SmallEntities 2024-01-01 2024-12-31 06603433 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 06603433 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 06603433 1 2024-01-01 2024-12-31 06603433 frs-bus:Director1 2024-01-01 2024-12-31 06603433 frs-bus:Director2 2024-01-01 2024-12-31 06603433 frs-bus:Director3 2024-01-01 2024-12-31 06603433 frs-countries:EnglandWales 2024-01-01 2024-12-31 06603433 2022-12-31 06603433 2023-12-31 06603433 2023-01-01 2023-12-31 06603433 frs-core:CurrentFinancialInstruments 2023-12-31 06603433 frs-core:BetweenOneFiveYears 2023-12-31 06603433 frs-core:WithinOneYear 2023-12-31 06603433 frs-core:ShareCapital 2023-12-31 06603433 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 06603433
Skye Direct Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Chandler Tuck Limited
Chartered Accountants
1st Floor
30 North Street
Ashford
Kent
TN24 8JR
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06603433
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 76,418 78,103
76,418 78,103
CURRENT ASSETS
Stocks 5 34,037 37,315
Debtors 6 2,074,842 1,992,179
Cash at bank and in hand 1,882,284 2,809,666
3,991,163 4,839,160
Creditors: Amounts Falling Due Within One Year 7 (1,764,760 ) (2,715,468 )
NET CURRENT ASSETS (LIABILITIES) 2,226,403 2,123,692
TOTAL ASSETS LESS CURRENT LIABILITIES 2,302,821 2,201,795
PROVISIONS FOR LIABILITIES
Deferred Taxation (9,209 ) (10,854 )
NET ASSETS 2,293,612 2,190,941
CAPITAL AND RESERVES
Called up share capital 8 110 110
Profit and Loss Account 2,293,502 2,190,831
SHAREHOLDERS' FUNDS 2,293,612 2,190,941
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For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 Elliott Horn
Director
4 June 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Skye Direct Limited Registered number 06603433 is a limited by shares company incorporated in England & Wales. The Registered Office is 16-17 Howley Business Park, Howley Park Road, Morley, Leeds, LS27 0BZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% on cost
Motor Vehicles 20% on cost
Fixtures & Fittings 15% on cost
2.4. 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.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 23 (2023: 24)
23 24
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4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 January 2024 88,797 38,816 127,613
Additions 25,000 - 25,000
As at 31 December 2024 113,797 38,816 152,613
Depreciation
As at 1 January 2024 21,697 27,813 49,510
Provided during the period 22,760 3,925 26,685
As at 31 December 2024 44,457 31,738 76,195
Net Book Value
As at 31 December 2024 69,340 7,078 76,418
As at 1 January 2024 67,100 11,003 78,103
5. Stocks
2024 2023
£ £
Finished goods 34,037 37,315
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 2,063,920 1,981,743
Other debtors 10,922 10,436
2,074,842 1,992,179
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,019,403 1,775,204
Other creditors 222,870 258,036
Taxation and social security 522,487 682,228
1,764,760 2,715,468
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 110 110
The issued share capital is fully paid and consists of 
100 ordinary shares of £1 each 
10 ordinary class shares of £1 each A to J 
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9. Other Commitments
At the end of the period the company had minimum lease payments under non-cancellable leases as follows:
2024 2023
£ £
Not later than one year 28,826 35,643
Later than one year and not later than five years 14,972 48,546
43,798 84,189
10. Dividends
2024 2023
£ £
On equity shares:
Interim dividend paid 1,011,000 832,000
11. Controlling Party
There is no controlling party.
Page 5