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COMPANY REGISTRATION NUMBER: 02786084

SKY ELECTRONIC SYSTEMS LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 March 2025

SKY ELECTRONIC SYSTEMS LIMITED

STATEMENT OF FINANCIAL POSITION

31 March 2025

| 2025 | 2024
Note | £ | £ | £ | £

FIXED ASSETS

Tangible assets | 5 |  | 1,640 |  | 1,929

CURRENT ASSETS

Stocks | 2,256 |  | 2,104 |
Debtors | 6 | 1,382 |  | 1,877 |
Cash at bank and in hand | 16,549 |  | 17,067 |
| -------- |  | -------- |
| 20,187 |  | 21,048 |

CREDITORS: amounts falling due within one year | 7 | 5,538 |  | 4,308 |
| -------- |  | -------- |
NET CURRENT ASSETS |  | 14,649 |  | 16,740
|  | -------- |  | --------
TOTAL ASSETS LESS CURRENT LIABILITIES |  | 16,289 |  | 18,669
|  | -------- |  | --------
NET ASSETS |  | 16,289 |  | 18,669
|  | -------- |  | --------

CAPITAL AND RESERVES

Called up share capital fully paid |  | 2,372 |  | 2,372
Profit and loss account |  | 13,917 |  | 16,297
|  | -------- |  | --------
SHAREHOLDERS FUNDS |  | 16,289 |  | 18,669
|  | -------- |  | --------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

SKY ELECTRONIC SYSTEMS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2025
These financial statements were approved by the board of directors and authorised for issue on 5 November 2025 , and are signed on behalf of the board by:
Mr I J Coe Director
Company registration number: 02786084

SKY ELECTRONIC SYSTEMS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 149 Dunkirk Avenue, Desborough, Northamptonshire, NN14 2PP.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Plant and Machinery | - | 15% reducing balance
| Furniture and Equipment | - | 15% reducing balance

Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).
5. TANGIBLE ASSETS

| Plant and machinery | Furniture and equipment | Total
| £ | £ | £
Cost |  |  |
At 1 April 2024 and 31 March 2025 | 58,555 | 10,227 | 68,782
| -------- | -------- | --------
Depreciation |  |  |
At 1 April 2024 | 57,187 | 9,666 | 66,853
Charge for the year | 205 | 84 | 289
| -------- | -------- | --------
At 31 March 2025 | 57,392 | 9,750 | 67,142
| -------- | -------- | --------
Carrying amount |  |  |
At 31 March 2025 | 1,163 | 477 | 1,640
| -------- | -------- | --------
At 31 March 2024 | 1,368 | 561 | 1,929
| -------- | -------- | --------

6. DEBTORS

| 2025 | 2024
| £ | £
Trade debtors | 1,382 | 645
Other debtors | – | 1,232
| ------- | -------
| 1,382 | 1,877
| ------- | -------

7. CREDITORS: amounts falling due within one year

| 2025 | 2024
| £ | £
Trade creditors | 306 | 29
Social security and other taxes | 1,140 | –
Other creditors | 4,092 | 4,279
| ------- | -------
| 5,538 | 4,308
| ------- | -------

8. RELATED PARTY TRANSACTIONS
During the year the company undertook the following transactions with related parties: The director has advanced monies to the company. At 31 March 2025 the amount due from the company was £ 1,479 (2024 - £ 2,659 ). This loan is unsecured and interest free.