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REGISTERED NUMBER: 12181670 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Skye Global Distribution Ltd

Skye Global Distribution Ltd (Registered number: 12181670)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Skye Global Distribution Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTOR: J J Palmer





REGISTERED OFFICE: Warehouse Crookley Park
Horndean
Waterlooville
Hampshire
PO8 0AD





REGISTERED NUMBER: 12181670 (England and Wales)





ACCOUNTANTS: Ency Associates
Chartered Certified Accountants
Printware Court
Cumberland Business Centre
Northumberland Road
Portsmouth
Hampshire
PO5 1DS

Skye Global Distribution Ltd (Registered number: 12181670)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 43,124 51,749
Tangible assets 5 21,608 11,089
64,732 62,838

CURRENT ASSETS
Stocks 15,074 15,172
Debtors 6 222,411 198,800
Cash at bank and in hand 25,069 25,637
262,554 239,609
CREDITORS
Amounts falling due within one year 7 314,520 278,265
NET CURRENT LIABILITIES (51,966 ) (38,656 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,766

24,182

CREDITORS
Amounts falling due after more than
one year

8

(5,833

)

(15,833

)

PROVISIONS FOR LIABILITIES (4,034 ) (2,021 )
NET ASSETS 2,899 6,328

Skye Global Distribution Ltd (Registered number: 12181670)

Balance Sheet - continued
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,799 6,228
SHAREHOLDERS' FUNDS 2,899 6,328

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 28 July 2025 and were signed by:





J J Palmer - Director


Skye Global Distribution Ltd (Registered number: 12181670)

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

1. STATUTORY INFORMATION

Skye Global Distribution 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten 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.
Short leasehold - 10% on cost
Fixtures & fittings - 25% on reducing balance
Computer equipment - 33% on 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.


Skye Global Distribution Ltd (Registered number: 12181670)

Notes to the Financial Statements - continued
for the Year Ended 31 October 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
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 25 (2023 - 20 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 86,248
AMORTISATION
At 1 November 2023 34,499
Charge for year 8,625
At 31 October 2024 43,124
NET BOOK VALUE
At 31 October 2024 43,124
At 31 October 2023 51,749

Skye Global Distribution Ltd (Registered number: 12181670)

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

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 November 2023 750 36,145 36,895
Additions - 20,603 20,603
At 31 October 2024 750 56,748 57,498
DEPRECIATION
At 1 November 2023 300 25,506 25,806
Charge for year 75 10,009 10,084
At 31 October 2024 375 35,515 35,890
NET BOOK VALUE
At 31 October 2024 375 21,233 21,608
At 31 October 2023 450 10,639 11,089

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 184,446 193,019
Other debtors 37,965 5,781
222,411 198,800

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 83,432 91,329
Taxation and social security 133,243 119,908
Other creditors 87,845 57,028
314,520 278,265

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans 5,833 15,833

Skye Global Distribution Ltd (Registered number: 12181670)

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

9. ULTIMATE CONTROLLING PARTY

The controlling party is J J Palmer.