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REGISTERED NUMBER: 03177212 (England and Wales)
















Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Skyline Promotions Ltd

Skyline Promotions Ltd (Registered number: 03177212)

Contents of the Financial Statements
for the Year Ended 31 December 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Skyline Promotions Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTORS: D Carolan
S Dillon
S Wilkinson





SECRETARY: D Carolan





REGISTERED OFFICE: 22 Wessex Park
Bancombe Business Estate
Somerton
Somerset
TA11 6SB





REGISTERED NUMBER: 03177212 (England and Wales)





ACCOUNTANTS: Somerset Accountancy Services Ltd
22 Wessex Park
Bancombe Business Estate
Somerton
Somerset
TA11 6SB

Skyline Promotions Ltd (Registered number: 03177212)

Abridged Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 51,100 76,650
Tangible assets 5 44,544 41,173
95,644 117,823

CURRENT ASSETS
Stocks - 12,490
Debtors 124,373 89,450
Cash at bank and in hand 462,338 422,924
586,711 524,864
CREDITORS
Amounts falling due within one year 632,730 581,185
NET CURRENT LIABILITIES (46,019 ) (56,321 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

49,625

61,502

CREDITORS
Amounts falling due after more than one
year

6

(26,653

)

(32,165

)

PROVISIONS FOR LIABILITIES (9,907 ) (8,274 )
NET ASSETS 13,065 21,063

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 13,063 21,061
SHAREHOLDERS' FUNDS 13,065 21,063

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 directors acknowledge their 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.

Skyline Promotions Ltd (Registered number: 03177212)

Abridged 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 21 May 2025 and were signed on its behalf by:





D Carolan - Director


Skyline Promotions Ltd (Registered number: 03177212)

Notes to the Financial Statements
for the Year Ended 31 December 2024


1. STATUTORY INFORMATION

Skyline Promotions Ltd 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.

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

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.
Plant and machinery etc - 25% on reducing balance and 10% on reducing balance

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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Skyline Promotions Ltd (Registered number: 03177212)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2024
and 31 December 2024 127,750
AMORTISATION
At 1 January 2024 51,100
Amortisation for year 25,550
At 31 December 2024 76,650
NET BOOK VALUE

At 31 December 2024 51,100
At 31 December 2023 76,650

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2024 217,405
Additions 12,490
At 31 December 2024 229,895
DEPRECIATION
At 1 January 2024 176,232
Charge for year 9,119
At 31 December 2024 185,351
NET BOOK VALUE
At 31 December 2024 44,544
At 31 December 2023 41,173

Skyline Promotions Ltd (Registered number: 03177212)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
31.12.24 31.12.23
£    £   
Repayable by instalments
BBL > 5 yrs 4,595 10,109

7. RELATED PARTY DISCLOSURES

As at the balance sheet date the net amount due to a fellow subsidiary Skyline Tour Operations Limited was £69,092 (2023: £69,029)

During the period the company made and received various payments from/to Skyline Events Limited, the group holding company. As at the balance sheet date the net amount due to Skyline Events Limited was £16,681 (2023: £16,681).

The company has provided a loan of £25,000 to Ronin Ventures Ltd, a company controlled by a director. During the period, Ronin Ventures Ltd repaid £13,600 of the £25,000 due. At the balance sheet date, the net amount due from Ronin Ventures Ltd was £11,400 (2023: £25,000).

The controlling party is Skyline Events Ltd.