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REGISTERED NUMBER: 03485777 (England and Wales)















Blue Sky Enterprises Limited
Trading as
Screentec

Unaudited Financial Statements

for the Year Ended 31 December 2024






Blue Sky Enterprises Limited (Registered number: 03485777)
Trading as Screentec






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Blue Sky Enterprises Limited
Trading as Screentec

Company Information
for the Year Ended 31 December 2024







DIRECTORS: R T Adams
T J Dean
S C Davies





REGISTERED OFFICE: Units 8-9
Maerdy Road Industrial Estate
Ferndale
Mid Glamorgan
CF43 4AB





REGISTERED NUMBER: 03485777 (England and Wales)





ACCOUNTANTS: Xeinadin South Wales & West Limited
Accountants & Business Advisors
Suite 2d,
Building 1 Eastern Business Park
St Mellons
Cardiff
CF3 5EA

Blue Sky Enterprises Limited (Registered number: 03485777)
Trading as Screentec

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 105,794 158,691
Tangible assets 5 132,414 150,095
Investments 6 202 202
238,410 308,988

CURRENT ASSETS
Stocks 74,795 50,646
Debtors 7 216,541 215,682
Cash at bank and in hand 260,820 367,505
552,156 633,833
CREDITORS
Amounts falling due within one year 8 459,374 546,154
NET CURRENT ASSETS 92,782 87,679
TOTAL ASSETS LESS CURRENT
LIABILITIES

331,192

396,667

CREDITORS
Amounts falling due after more than one year 9 (30,556 ) (113,781 )

PROVISIONS FOR LIABILITIES (34,710 ) (28,517 )
NET ASSETS 265,926 254,369

CAPITAL AND RESERVES
Called up share capital 1,870 1,870
Capital redemption reserve 503 503
Retained earnings 263,553 251,996
265,926 254,369

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.

Blue Sky Enterprises Limited (Registered number: 03485777)
Trading as Screentec

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.

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 29 July 2025 and were signed on its behalf by:





R T Adams - Director


Blue Sky Enterprises Limited (Registered number: 03485777)
Trading as Screentec

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

1. STATUTORY INFORMATION

Blue Sky Enterprises 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about Blue Sky Enterprises Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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 2023, is being amortised evenly over its estimated useful life of three years.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.


Blue Sky Enterprises Limited (Registered number: 03485777)
Trading as Screentec

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

2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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 22 (2023 - 21 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 280,600
AMORTISATION
At 1 January 2024 121,909
Charge for year 52,897
At 31 December 2024 174,806
NET BOOK VALUE
At 31 December 2024 105,794
At 31 December 2023 158,691

Blue Sky Enterprises Limited (Registered number: 03485777)
Trading as Screentec

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

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2024 618,886 81,093 21,121 721,100
Additions 24,895 - - 24,895
At 31 December 2024 643,781 81,093 21,121 745,995
DEPRECIATION
At 1 January 2024 487,354 74,355 9,296 571,005
Charge for year 37,935 1,685 2,956 42,576
At 31 December 2024 525,289 76,040 12,252 613,581
NET BOOK VALUE
At 31 December 2024 118,492 5,053 8,869 132,414
At 31 December 2023 131,532 6,738 11,825 150,095

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2024
and 31 December 2024 208,891 21,121 230,012
DEPRECIATION
At 1 January 2024 122,767 9,983 132,750
Charge for year 21,531 2,784 24,315
At 31 December 2024 144,298 12,767 157,065
NET BOOK VALUE
At 31 December 2024 64,593 8,354 72,947
At 31 December 2023 86,124 11,138 97,262

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST OR VALUATION
At 1 January 2024
and 31 December 2024 202
NET BOOK VALUE
At 31 December 2024 202
At 31 December 2023 202

Blue Sky Enterprises Limited (Registered number: 03485777)
Trading as Screentec

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

6. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 December 2024 is represented by:

Shares in
group
undertakings
£   
Cost 202

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 202,222 203,564
Other debtors 14,319 12,118
216,541 215,682

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 31,560 30,935
Hire purchase contracts 51,398 49,546
Trade creditors 161,364 126,234
Amounts owed to group undertakings - 7,861
Taxation and social security 61,097 67,314
Other creditors 153,955 264,264
459,374 546,154

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans 15,844 47,404
Hire purchase contracts 14,712 66,377
30,556 113,781

10. SECURED DEBTS

The following secured debts are included within creditors:

31.12.24 31.12.23
£    £   
Bank loans 47,404 78,339
Hire purchase contracts 66,110 115,923
113,514 194,262

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The Directors have provided personal guarantees in relation to the Development Bank of Wales Loan that has been drawn.

12. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Blue Sky Enterprises Limited (Registered number: 03485777)
Trading as Screentec

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

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr D James and Mr D Dean by way of shareholding.