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SKYSPROUTS LIMITED

Registered Number
11129930
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2025

SKYSPROUTS LIMITED
Company Information
for the year from 1 April 2024 to 31 March 2025

Director

KELLETT, Ellisha Floretta

Registered Address

Boo Down Landscove
Ashburton
Newton Abbot
TQ13 7LZ

Registered Number

11129930 (England and Wales)
SKYSPROUTS LIMITED
Balance Sheet as at
31 March 2025

Notes

2025

2024

£

£

£

£

Fixed assets
Intangible assets310,561153,095
Tangible assets487,107102,197
97,668255,292
Current assets
Debtors5320,269319,771
Cash at bank and on hand110,09550,401
430,364370,172
Creditors amounts falling due within one year6(205,893)(215,761)
Net current assets (liabilities)224,471154,411
Total assets less current liabilities322,139409,703
Creditors amounts falling due after one year7(60,876)(110,877)
Provisions for liabilities8(17,975)(20,844)
Net assets243,288277,982
Capital and reserves
Called up share capital101101
Profit and loss account243,187277,881
Shareholders' funds243,288277,982
The financial statements were approved and authorised for issue by the Director on 8 August 2025, and are signed on its behalf by:
KELLETT, Ellisha Floretta
Director
Registered Company No. 11129930
SKYSPROUTS LIMITED
Notes to the Financial Statements
for the year ended 31 March 2025

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, was being amortised evenly over its estimated useful life of ten years. During the year this assertion was reviewed and believed to be inappropriate, resulting in an increased charge in the current year.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
Stocks and work in progress
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
2.Average number of employees

20252024
Average number of employees during the year1214
3.Intangible assets

Goodwill

Other

Total

£££
Cost or valuation
At 01 April 24382,738-382,738
Additions-10,65010,650
At 31 March 25382,73810,650393,388
Amortisation and impairment
At 01 April 24229,643-229,643
Charge for year153,09589153,184
At 31 March 25382,73889382,827
Net book value
At 31 March 25-10,56110,561
At 31 March 24153,095-153,095
4.Tangible fixed assets

Land & buildings

Plant & machinery

Vehicles

Office Equipment

Total

£££££
Cost or valuation
At 01 April 2437,334116,43918,57910,748183,100
Additions-690-1,4542,144
At 31 March 2537,334117,12918,57912,202185,244
Depreciation and impairment
At 01 April 2410,18052,58911,0687,06680,903
Charge for year3,7349,6251,8781,99717,234
At 31 March 2513,91462,21412,9469,06398,137
Net book value
At 31 March 2523,42054,9155,6333,13987,107
At 31 March 2427,15463,8507,5113,682102,197
5.Debtors: amounts due within one year

2025

2024

££
Trade debtors / trade receivables175,233172,870
Other debtors139,911144,567
Prepayments and accrued income5,1252,334
Total320,269319,771
6.Creditors: amounts due within one year

2025

2024

££
Trade creditors / trade payables31,99461,142
Bank borrowings and overdrafts50,00050,000
Taxation and social security84,72463,937
Other creditors582545
Accrued liabilities and deferred income38,59340,137
Total205,893215,761
7.Creditors: amounts due after one year

2025

2024

££
Bank borrowings and overdrafts60,876110,877
Total60,876110,877
8.Provisions for liabilities

2025

2024

££
Net deferred tax liability (asset)17,97520,844
Total17,97520,844