Skyborne Resourcing Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 13390352 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

SKYBORNE RESOURCING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr L J Woodward

Mr M Bettelli

REGISTERED OFFICE:

Skypark Flight Centre

Gloucestershire Airport

Staverton

Cheltenham

GL51 6SR

REGISTERED NUMBER:

13390352 (England and Wales)

SENIOR STATUTORY AUDITOR:

Mr Mark Nicholas Winks FCCA

AUDITORS:

Bronsens

Chartered Certified Accountants

Statutory Auditors

Eden House

Two Rivers Business Park

Witney

Oxfordshire

OX28 4BL

CURRENT ASSETS

Debtors

4

60

2,430

Cash at bank

26,699

37,175

26,759

39,605

CREDITORS

Amounts falling due within one year

5

25,690

43,161

NET CURRENT ASSETS/(LIABILITIES)

1,069

(3,556

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,069

(3,556

)

CAPITAL AND RESERVES

Called up share capital

6

1

Retained earnings

1,068

(3,557

)

SHAREHOLDERS' FUNDS

1,069

(3,556

)

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 15 September 2025 and were signed on its behalf by:

Mr L J Woodward - Director

1.	STATUTORY INFORMATION

Skyborne Resourcing 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 principal activity of the Company throughout the period was that of providing payroll services. The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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.

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.

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.

Going concern

Skyborne Aviation Group Ltd, the parent company, and its subsidiaries have indicated that they will provide support to the company and will continue to do so for the foreseeable future.

The directors, having considered the above and made due enquiries, continue to adopt the going concern basis in preparing the financial statements which assumes that the company will continue in operation for the foreseeable future.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade debtors

-

2,370

Amounts owed by group undertakings

1

Prepayments and accrued income

59

60

2,430

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade creditors

11,048

11,191

Tax

251

-

Social security and other taxes

-

1,455

VAT

-

5,919

Other creditors

-

500

Pension Fund

-

441

Net wages

-

9,264

Accrued expenses

14,391

25,690

43,161

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

100

Ordinary

1p

1

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr Mark Nicholas Winks FCCA (Senior Statutory Auditor)

for and on behalf of Bronsens

8.	PENSION COMMITMENTS

The company operates a defined contribution pensions scheme for its employees and directors. During the year contributions of £1,494 (2023 - £1,897) were made to the scheme.

As at 31 December 2024 the sum of £Nil (2023 - £441) was outstanding and is included in other creditors.

9.	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.

10.	CONTROLLING PARTY

The company is a wholly owned subsidiary of Skyborne Aviation Group Ltd, a company registered in England.

Accounts for the Group can be obtained form the company's registered office at Skypark Flight Centre, Gloucestershire Airport, Staverton, Cheltenham, GL51 6SR.