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
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
Skyfly Technologies Limited
Statement of financial position
as at 31 October 2024
Intangible assets
163,949
33,982
Tangible assets
112,059
143,072
Cash at bank and in hand
149,988
322,002
Creditors: amounts falling due within one year
(165,234)
(204,773)
Net current assets
252
336,335
Net assets
276,260
513,389
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
Skyfly Technologies Limited
Notes to the Accounts
for the year ended 31 October 2024
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.
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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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 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 are included at cost less accumulated amortisation and are amortised over a ten year period.
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Intangible fixed assets
Other
At 31 October 2024
186,362
Charge for the year
18,637
At 31 October 2024
163,949
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
At 31 October 2024
184,747
2,000
11,889
198,636
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
At 31 October 2024
103,057
1,125
7,877
112,059
At 31 October 2023
137,409
1,500
4,163
143,072
Amounts falling due within one year
Other debtors
15,498
14,123
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Creditors: amounts falling due within one year
2024
2023
Trade creditors
2,722
4,730
Taxes and social security
5,535
2,143
Other creditors
904
44,473
Deferred income
150,000
150,000
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Average number of employees
During the year the average number of employees was 4 (2023: 2).