Sky Parlour Limited

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

Registered number: 07009362

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		138,328		187,377

			138,328		187,377
CURRENT ASSETS
Debtors	5	290,463		336,653
Cash at bank and in hand		517,532		898,890

		807,995		1,235,543
Creditors: Amounts Falling Due Within One Year	6	(365,010 )		(244,470 )

NET CURRENT ASSETS (LIABILITIES)			442,985		991,073

TOTAL ASSETS LESS CURRENT LIABILITIES			581,313		1,178,450

Creditors: Amounts Falling Due After More Than One Year	7		(58,613 )		(128,693 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	9		(34,582 )		(46,844 )

NET ASSETS			488,118		1,002,913

CAPITAL AND RESERVES
Called up share capital	10		100		100
Profit and Loss Account			488,018		1,002,813

SHAREHOLDERS' FUNDS			488,118		1,002,913

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Sky Parlour Limited

Balance Sheet (continued)

As At 31 December 2024

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 directors acknowledge their 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

Ms Angela Yore

Director

7th October 2025

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

1. General Information

Sky Parlour Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07009362 . The registered office is Linley House , Dickinson Street , Manchester , M1 4LF.

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.

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. 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:

Motor Vehicles	25% Reducing Balance
Computer Equipment	33% on Cost & 20% on Reducing Balance

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

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 year 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.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

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Sky Parlour Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.6. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 21 (2023: 24)

4. Tangible Assets

	Motor Vehicles	Computer Equipment	Total
	£	£	£
Cost
As at 1 January 2024	209,819	31,297	241,116
Additions	-	3,618	3,618
Disposals	-	(11,632 )	(11,632 )

As at 31 December 2024	209,819	23,283	233,102

Depreciation
As at 1 January 2024	32,839	20,900	53,739
Provided during the period	44,245	5,127	49,372
Disposals	-	(8,337 )	(8,337 )

As at 31 December 2024	77,084	17,690	94,774

Net Book Value
As at 31 December 2024	132,735	5,593	138,328

As at 1 January 2024	176,980	10,397	187,377

5. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	228,288	228,613
Prepayments and accrued income	46,903	43,450
Other debtors	-	3,265
Corporation tax recoverable assets	15,272	15,272
Directors' loan accounts	-	46,053

	290,463	336,653

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	77,718	14,268
Trade creditors	41,582	19,174
Corporation tax	90,853	111,876
Other taxes and social security	17,256	24,763
VAT	50,507	41,924
Other creditors	34,224	20,485
Accruals and deferred income	29,582	11,980
Directors' loan accounts	23,288	-

	365,010	244,470

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Sky Parlour Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

Hire Purchase Loan

During the year, payments under a hire purchase agreement ceased in May 2024 following an incident involving the vehicle. The lessor continues to expect repayment under the original terms. As a result, the outstanding balance of £69,664.67 has been reclassified from non-current to current liabilities as at 31 December 2024, due to the likelihood of repayment being required within 12 months.

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

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	58,613	128,693

8. Obligations Under Finance Leases and Hire Purchase

	2024	2023
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	77,718	14,268
Later than one year and not later than five years	58,613	128,693

	136,331	142,961

	136,331	142,961

9. Deferred Taxation

The provision for deferred tax is made up as follows:

	2024	2023
	£	£
Other timing differences	34,582	46,844

10. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

11. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2024	2023
	£	£
Not later than one year	8,336	9,253
Later than one year and not later than five years	6,434	9,164

	14,770	18,417

12. Related Party Transactions

During the year, the company entered into transactions with Started PR Ltd., a company controlled by former director, Kimberley Lourenco Marques, arising from a demerger. A balance of £26,387 was outstanding as of 31 December 2024. This balance is included within the Other Creditors account. The transactions were conducted at arm’s length.

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