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REGISTERED NUMBER: 05295669 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2024

for

Skywide Design Ltd

Skywide Design Ltd (Registered number: 05295669)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Skywide Design Ltd

Company Information
for the Year Ended 30 November 2024







DIRECTORS: Mrs R Kelly
A Kelly





REGISTERED OFFICE: Second Floor
2 Walsworth Road
Hitchin
Hertfordshire
SG4 9SP





REGISTERED NUMBER: 05295669 (England and Wales)





ACCOUNTANTS: D and E Accountancy Ltd
Tax Advisors and Accountants
2nd Floor, 2 Walsworth Road
Hitchin
Hertfordshire
SG4 9SP

Skywide Design Ltd (Registered number: 05295669)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,471 12,428

CURRENT ASSETS
Stocks 14,650 16,505
Debtors 5 108,968 91,831
Cash at bank 26,847 19,293
150,465 127,629
CREDITORS
Amounts falling due within one year 6 123,664 95,260
NET CURRENT ASSETS 26,801 32,369
TOTAL ASSETS LESS CURRENT
LIABILITIES

47,272

44,797

CREDITORS
Amounts falling due after more than
one year

7

(16,825

)

(24,484

)

PROVISIONS FOR LIABILITIES 8 (5,424 ) (2,361 )
NET ASSETS 25,023 17,952

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 10 25,021 17,950
SHAREHOLDERS' FUNDS 25,023 17,952

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Skywide Design Ltd (Registered number: 05295669)

Balance Sheet - continued
30 November 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 8 August 2025 and were signed on its behalf by:





A Kelly - Director


Skywide Design Ltd (Registered number: 05295669)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Skywide Design 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Skywide Design Ltd (Registered number: 05295669)

Notes to the Financial Statements - continued
for the Year Ended 30 November 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 4 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 December 2023 43,945
Additions 8,448
At 30 November 2024 52,393
DEPRECIATION
At 1 December 2023 26,034
Charge for year 5,888
At 30 November 2024 31,922
NET BOOK VALUE
At 30 November 2024 20,471
At 30 November 2023 17,911

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 44,054 49,423
Other debtors 64,914 42,408
108,968 91,831

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans and overdrafts 9,672 7,783
Taxation and social security 47,743 46,011
Other creditors 66,249 41,466
123,664 95,260

Skywide Design Ltd (Registered number: 05295669)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans 16,825 24,484

8. PROVISIONS FOR LIABILITIES
30.11.24 30.11.23
£    £   
Deferred tax 5,424 2,361

Deferred
tax
£   
Balance at 1 December 2023 2,361
Charge to Income Statement during year 3,063
Balance at 30 November 2024 5,424

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.24 30.11.23
value: £    £   
2 Ordinary £1 2 2

10. RESERVES
Retained
earnings
£   

At 1 December 2023 17,950
Profit for the year 135,271
Dividends (128,200 )
At 30 November 2024 25,021

Skywide Design Ltd (Registered number: 05295669)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2024 and 30 November 2023:

30.11.24 30.11.23
£    £   
A Kelly
Balance outstanding at start of year 42,400 -
Amounts advanced 65,000 42,400
Amounts repaid (42,400 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 65,000 42,400

The Director repaid his temporary borrowing of £65,000 shortly after the year end.

12. ULTIMATE CONTROLLING PARTY

The company is under the joint control of the directors.