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Company Registration No. 12469039 (England and Wales)
SKY SAIL LIMITED Unaudited accounts for the year ended 28 February 2025
SKY SAIL LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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SKY SAIL LIMITED Company Information for the year ended 28 February 2025
Director
Dushan Kandasamy
Company Number
12469039 (England and Wales)
Registered Office
FLAT 4 HITHER GREEN LANE LITTLEBOURNE LONDON SE13 6TP ENGLAND
Accountants
Omar Ahmed Aqua Accounting Ltd 5 Whittington Grove Newcastle upon Tyne NE5 2QP
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SKY SAIL LIMITED Statement of financial position as at 28 February 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
45,137 
45,271 
Current assets
Cash at bank and in hand
2,069 
19,147 
Creditors: amounts falling due within one year
5
(17,531)
(12,905)
Net current (liabilities)/assets
(15,462)
6,242 
Total assets less current liabilities
29,675 
51,513 
Creditors: amounts falling due after more than one year
6
(103,227)
(108,857)
Net liabilities
(73,552)
(57,344)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(73,553)
(57,345)
Shareholders' funds
(73,552)
(57,344)
For the year ending 28 February 2025 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 November 2025 and were signed on its behalf by
Dushan Kandasamy Director Company Registration No. 12469039
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SKY SAIL LIMITED Notes to the Accounts for the year ended 28 February 2025
1
Statutory information
SKY SAIL LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12469039. The registered office is FLAT 4 HITHER GREEN LANE, LITTLEBOURNE, LONDON, SE13 6TP, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortization. Intangible fixed assets are being amortized on straight line basis over a useful life of 10 years.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 March 2024
60,933 
Additions
6,622 
At 28 February 2025
67,555 
Amortisation
At 1 March 2024
15,662 
Charge for the year
6,756 
At 28 February 2025
22,418 
Net book value
At 28 February 2025
45,137 
At 29 February 2024
45,271 
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SKY SAIL LIMITED Notes to the Accounts for the year ended 28 February 2025
5
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Bank loans and overdrafts
6,638 
7,893 
Loans from directors
10,293 
3,662 
Accruals
600 
1,350 
17,531 
12,905 
6
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
33,227 
38,857 
Other creditors
70,000 
70,000 
103,227 
108,857 
7
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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