Company Registration No. 12359273 (England and Wales)
SKYNAS LIMITED
Unaudited accounts
for the year ended 31 December 2024
SKYNAS LIMITED
Unaudited accounts
Contents
SKYNAS LIMITED
Company Information
for the year ended 31 December 2024
Directors
Mr Ahmed Morshdi Mohamed ABDELMAKSOUD
Mr Alaaeldin Ismail Mohamed Mohamed ABOUNEIMA
Company Number
12359273 (England and Wales)
Registered Office
25 North Parade
Aberystwyth
Dyfed
SY23 2JN
Wales
Accountants
Fabaci Financial Ltd
30 Ebbett Court
Victoria Road
London
W3 6BW
SKYNAS LIMITED
Statement of financial position
as at 31 December 2024
Intangible assets
32,814
-
Cash at bank and in hand
5,008
11,382
Creditors: amounts falling due within one year
(138,180)
(85,126)
Net current liabilities
(120,337)
(65,416)
Total assets less current liabilities
(80,736)
(65,416)
Creditors: amounts falling due after more than one year
(186,000)
(186,000)
Net liabilities
(266,736)
(251,416)
Called up share capital
100
100
Profit and loss account
(266,836)
(251,516)
Shareholders' funds
(266,736)
(251,416)
For the year ending 31 December 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 24 July 2025 and were signed on its behalf by
Mr Alaaeldin Ismail Mohamed Mohamed ABOUNEIMA
Director
Company Registration No. 12359273
SKYNAS LIMITED
Notes to the Accounts
for the year ended 31 December 2024
SKYNAS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12359273. The registered office is 25 North Parade, Aberystwyth, Dyfed, SY23 2JN, Wales.
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.
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 GBP sterling.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
20% Straight Line
Motor vehicles
20% Straight Line
Intangible fixed assets are included at cost less accumulated amortisation.
SKYNAS LIMITED
Notes to the Accounts
for the year ended 31 December 2024
4
Intangible fixed assets
Other
At 31 December 2024
33,800
At 31 December 2024
32,814
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
Additions
2,220
4,890
7,110
At 31 December 2024
2,220
4,890
7,110
Charge for the year
74
249
323
At 31 December 2024
74
249
323
At 31 December 2024
2,146
4,641
6,787
Amounts falling due within one year
Accrued income and prepayments
4,980
4,980
7
Creditors: amounts falling due within one year
2024
2023
Other creditors
29,700
29,000
Loans from directors
107,882
55,126
SKYNAS LIMITED
Notes to the Accounts
for the year ended 31 December 2024
8
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
186,000
186,000
9
Average number of employees
During the year the average number of employees was 3 (2023: 3).