Skyward Projects Ltd.

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 11264732

		31 March 2025		30 June 2024
	Notes	£	£	£	£
FIXED ASSETS
Investments	6		90,000		90,000

			90,000		90,000
CURRENT ASSETS
Debtors	7	410		713
Cash at bank and in hand		978		3,035

		1,388		3,748
Creditors: Amounts Falling Due Within One Year	8	(43,799 )		(27,709 )

NET CURRENT ASSETS (LIABILITIES)			(42,411 )		(23,961 )

TOTAL ASSETS LESS CURRENT LIABILITIES			47,589		66,039

Creditors: Amounts Falling Due After More Than One Year	9		(3,333 )		(18,333 )

NET ASSETS			44,256		47,706

CAPITAL AND RESERVES
Called up share capital	10		100		100
Profit and Loss Account			44,156		47,606

SHAREHOLDERS' FUNDS			44,256		47,706

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Skyward Projects Ltd.

Balance Sheet (continued)

As At 31 March 2025

For the period ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Andrew Hill

Director

23/09/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Skyward Projects Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 11264732 . The registered office is 164 Burley Road, Bransgore, Christchurch, BH23 8DE.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	25% reducing balance
Computer Equipment	33% reducing balance

2.5. Taxation

The tax expense represents the corporation tax arising on the profit for the year. No provision has been made for deferred tax as this is not cosidered to be material.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

3. Average Number of Employees

Average number of employees, including directors, during the period was: 2 (2024: 2)

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Skyward Projects Ltd.

Notes to the Financial Statements (continued)

For the Period 1 July 2024 to 31 March 2025

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 July 2024	1,992

As at 31 March 2025	1,992

Amortisation
As at 1 July 2024	1,992

As at 31 March 2025	1,992

Net Book Value
As at 31 March 2025	-

As at 1 July 2024	-

5. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 July 2024	1,218	1,513	2,731

As at 31 March 2025	1,218	1,513	2,731

Depreciation
As at 1 July 2024	1,218	1,513	2,731

As at 31 March 2025	1,218	1,513	2,731

Net Book Value
As at 31 March 2025	-	-	-

As at 1 July 2024	-	-	-

6. Investments

	Unlisted
	£
Cost or Valuation
As at 1 July 2024	90,000

As at 31 March 2025	90,000

Provision
As at 1 July 2024	-

As at 31 March 2025	-

Net Book Value
As at 31 March 2025	90,000

As at 1 July 2024	90,000

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Skyward Projects Ltd.

Notes to the Financial Statements (continued)

For the Period 1 July 2024 to 31 March 2025

7. Debtors

	31 March 2025	30 June 2024
	£	£
Due within one year
Other debtors (1)	110	110
VAT	50	603

	160	713
Due after more than one year
Trade debtors	250	-

	410	713

8. Creditors: Amounts Falling Due Within One Year

	31 March 2025	30 June 2024
	£	£
Trade creditors	1	1
Bank loans and overdrafts	20,000	20,000
Director's loan account	23,798	7,708

	43,799	27,709

9. Creditors: Amounts Falling Due After More Than One Year

	31 March 2025	30 June 2024
	£	£
Bank loans	3,333	18,333

10. Share Capital

	31 March 2025	30 June 2024
	£	£
Allotted, Called up and fully paid	100	100

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