SKYLON CONSTRUCTION LIMITED - Filleted accounts

Registered number

09720017

SKYLON CONSTRUCTION LIMITED

Filleted Accounts

31 August 2024

SKYLON CONSTRUCTION LIMITED
Registered number:		09720017
Balance Sheet
as at 31 August 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	4		42,477			60,400

Current assets
Stocks		407,275			275,444
Debtors	5	94,170			86,364
Cash at bank and in hand		288,217			11,922
		789,662			373,730

Creditors: amounts falling due within one year	6	(552,589)			(223,104)

Net current assets			237,073			150,626

Total assets less current liabilities			279,550			211,026

Creditors: amounts falling due after more than one year	7		(151,897)			(173,681)
Provisions for liabilities			(10,619)			(12,684)

Net assets			117,034			24,661

Capital and reserves
Called up share capital			100			100
Profit and loss account			116,934			24,561

Shareholders' funds			117,034			24,661

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr P Tarasek
Director
Approved by the board on 29 September 2025

SKYLON CONSTRUCTION LIMITED
Notes to the Accounts
for the year ended 31 August 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Taxation					2024		2023
£							£

	UK corporation tax on profits of the period					62,525		6,530
	Deferred taxation					(2,065)		8,340
	Prior year adjustments					-		-
						60,460		14,870


3	Employees					2024		2023
Number							Number

	Average number of persons employed by the company					6		6


4	Tangible fixed assets
				Plant and machinery etc		Motor vehicles		Total
£					£		£
	Cost
	At 1 September 2023			96,195		22,876		119,071
	Additions			3,608		-		3,608
	Disposals			-		(22,876)		(22,876)
	At 31 August 2024			99,803		-		99,803

	Depreciation
	At 1 September 2023			41,134		17,537		58,671
	Charge for the year			16,192		-		16,192
	On disposals			-		(17,537)		(17,537)
	At 31 August 2024			57,326		-		57,326

	Net book value
	At 31 August 2024			42,477		-		42,477
	At 31 August 2023			55,061		5,339		60,400




5	Debtors					2024		2023
£							£

	Trade debtors					20,384		44,905
	Director's account					30,680		34,693
	Other debtors					43,106		6,766
						94,170		86,364


6	Creditors: amounts falling due within one year					2024		2023
£							£

	Bank loans and overdrafts					43,684		70,326
	Obligations under finance lease and hire purchase contracts					-		4,456
	Trade creditors					306,045		109,031
	Corporation tax					67,329		14,093
	Other taxes and social security costs					(22,715)		(40,212)
	Other creditors					158,246		65,410
						552,589		223,104


7	Creditors: amounts falling due after one year					2024		2023
£							£

	Bank loans					151,897		172,980
	Obligations under finance lease and hire purchase contracts					-		701
						151,897		173,681


8	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	Mr P Tarasek
	Director's overdrawn account	34,693		30,680		(34,693)		30,680

		34,693		30,680		(34,693)		30,680

	The director's overdrawn balance was repaid within nine months from balance sheet date.


9	Other information

	SKYLON CONSTRUCTION LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	31 Roe Hill Close
	Hatfield
	Hertfordshire
	AL10 9JE