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Company Registration No. 08742819 (England and Wales)
Skyfly Technologies Limited Unaudited accounts for the year ended 31 October 2024
Skyfly Technologies Limited Unaudited accounts Contents
Page
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Skyfly Technologies Limited Company Information for the year ended 31 October 2024
Directors
MJ Thompson WG Brooks RF Tuthill
Company Number
08742819 (England and Wales)
Registered Office
Mount Offham Teston Road Offham Kent ME19 5PG
Accountants
Times Accountancy Services Limited Alcala Rectory Lane Woodmansterne Surrey SM7 3NY
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Skyfly Technologies Limited Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
163,949 
33,982 
Tangible assets
112,059 
143,072 
276,008 
177,054 
Current assets
Debtors
15,498 
219,106 
Cash at bank and in hand
149,988 
322,002 
165,486 
541,108 
Creditors: amounts falling due within one year
(165,234)
(204,773)
Net current assets
252 
336,335 
Net assets
276,260 
513,389 
Capital and reserves
Called up share capital
175 
171 
Share premium
1,358,238 
974,894 
Profit and loss account
(1,082,153)
(461,676)
Shareholders' funds
276,260 
513,389 
For the year ending 31 October 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 3 July 2025 and were signed on its behalf by
MJ Thompson Director Company Registration No. 08742819
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Skyfly Technologies Limited Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
Skyfly Technologies Limited is a private company, limited by shares, registered in England and Wales, registration number 08742819. The registered office is Mount Offham, Teston Road, Offham, Kent, ME19 5PG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Research and development
Research expenditure is written off in the year it is incurred. Development expenditure is either written off in the year in which it is incurred or capitalised and amortised over the useful life of the asset.
Intangible fixed assets
Intangible fixed assets are included at cost less accumulated amortisation and are amortised over a ten year period.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 November 2023
37,758 
Additions
148,604 
At 31 October 2024
186,362 
Amortisation
At 1 November 2023
3,776 
Charge for the year
18,637 
At 31 October 2024
22,413 
Net book value
At 31 October 2024
163,949 
At 31 October 2023
33,982 
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Skyfly Technologies Limited Notes to the Accounts for the year ended 31 October 2024
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 November 2023
184,747 
2,000 
5,550 
192,297 
Additions
- 
- 
6,339 
6,339 
At 31 October 2024
184,747 
2,000 
11,889 
198,636 
Depreciation
At 1 November 2023
47,338 
500 
1,387 
49,225 
Charge for the year
34,352 
375 
2,625 
37,352 
At 31 October 2024
81,690 
875 
4,012 
86,577 
Net book value
At 31 October 2024
103,057 
1,125 
7,877 
112,059 
At 31 October 2023
137,409 
1,500 
4,163 
143,072 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
20,833 
Trade debtors
- 
184,150 
Other debtors
15,498 
14,123 
15,498 
219,106 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
1,058 
- 
Trade creditors
2,722 
4,730 
Taxes and social security
5,535 
2,143 
Other creditors
904 
44,473 
Accruals
5,015 
3,427 
Deferred income
150,000 
150,000 
165,234 
204,773 
8
Average number of employees
During the year the average number of employees was 4 (2023: 2).
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