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Company Registration No. 08545220 (England and Wales)
SKY POTENTIAL LIMITED Unaudited accounts for the year ended 31 December 2024
SKY POTENTIAL LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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SKY POTENTIAL LIMITED Company Information for the year ended 31 December 2024
Director
Zubair Khan Awan
Company Number
08545220 (England and Wales)
Registered Office
20 DOLPHIN ROAD SLOUGH SL1 1TD ENGLAND
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SKY POTENTIAL LIMITED Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Debtors
5
- 
(1,312)
Creditors: amounts falling due within one year
6
(125,892)
(124,580)
Net current liabilities
(125,892)
(125,892)
Net liabilities
(125,892)
(125,892)
Capital and reserves
Called up share capital
50,000 
50,000 
Profit and loss account
(175,892)
(175,892)
Shareholders' funds
(125,892)
(125,892)
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 director acknowledges his 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 and authorised for issue on 20 September 2025 and were signed on its behalf by
Zubair Khan Awan Director Company Registration No. 08545220
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SKY POTENTIAL LIMITED Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
SKY POTENTIAL LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08545220. The registered office is 20 DOLPHIN ROAD, SLOUGH, SL1 1TD, ENGLAND.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant & machinery
10%
Fixtures & fittings
10
Bank Statement
The accounts produced are not based on the bank statements (due to unavailability of the bank statements by the bank) and are based on director's best of knowledge. Director is of the view that as soon bank statements will be in possession, revised accounts will be produced and subsequently submitted.
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2024
16,930 
5,790 
22,720 
At 31 December 2024
16,930 
5,790 
22,720 
Depreciation
At 1 January 2024
16,930 
5,790 
22,720 
At 31 December 2024
16,930 
5,790 
22,720 
Net book value
At 31 December 2024
- 
- 
- 
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SKY POTENTIAL LIMITED Notes to the Accounts for the year ended 31 December 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due after more than one year
Other debtors
- 
(1,312)
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Loans from directors
125,892 
124,580 
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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