ACCOUNTS - Final Accounts

Analysis of the maturity of loans is given below:

Registered number: 8760563

SKYBLUE RESOURCES LTD

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2024

SKYBLUE RESOURCES LTD

REGISTERED NUMBER: 8760563

BALANCE SHEET

AS AT 30 NOVEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Tangible assets	5		165		220
			165		220
Current assets
Debtors: amounts falling due within one year	6	10,499		30,429
Cash at bank and in hand	7	12		3,011
		10,511		33,440
Creditors: amounts falling due within one year	8	(2,401)		(9,958)
Net current assets			8,110		23,482
Total assets less current liabilities			8,275		23,702
Creditors: amounts falling due after more than one year	9		(46,705)		(47,255)

Net liabilities			(38,430)		(23,553)

Capital and reserves
Called up share capital	2	2
Profit and loss account	(38,432)	(23,555)
	(38,430)	(23,553)

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 November 2025.

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SKYBLUE RESOURCES LTD

REGISTERED NUMBER: 8760563

BALANCE SHEET (CONTINUED)

AS AT 30 NOVEMBER 2024

Shamim Raja

Director

The notes on pages 3 to 6 form part of these financial statements.

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SKYBLUE RESOURCES LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

1.	General information

The company is limited by shares and incorporated in England. The address of the registerd office is
given in the company information page of these financial statements. The company's principal activity is
that of provision of recruitment services and provision of staff to care homes.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

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SKYBLUE RESOURCES LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)

2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings

25%

on a reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Dividends

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SKYBLUE RESOURCES LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

5.	Tangible fixed assets

		Fixtures and fittings
		£
	Cost or valuation
	At 1 December 2023	695
	At 30 November 2024	695
	Depreciation
	At 1 December 2023	475
	Charge for the year on owned assets	55
	At 30 November 2024	530
	Net book value
	At 30 November 2024	165
	At 30 November 2023	220

Debtors

					2024	2023
					£	£


Trade debtors	-	12,269
Other debtors	10,499	18,160
	10,499	30,429

7.	Cash and cash equivalents
		2024	2023
		£	£

Cash at bank and in hand	12	3,011
	12	3,011

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SKYBLUE RESOURCES LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

8.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Bank loans	1,200	1,200
Trade creditors	-	2,723
Other taxation and social security	-	4,636
Accruals and deferred income	1,201	1,399
	2,401	9,958

9.	Creditors: Amounts falling due after more than one year
		2024	2023
		£	£

Bank loans	46,705	47,255
	46,705	47,255

Amounts falling due within one year
Bank loans	1,200	1,200
	1,200	1,200

Amounts falling due 2-5 years
Bank loans	46,705	47,255
	46,705	47,255

	47,905	48,455

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