Company Registration No. 04092174 (England and Wales)
Skypath Limited
Unaudited accounts
for the year ended 31 March 2025
Skypath Limited
Unaudited accounts
Contents
Skypath Limited
Company Information
for the year ended 31 March 2025
Directors
Keyvan Nasehi
Khatereh Nasehi
Company Number
04092174 (England and Wales)
Registered Office
C/O Power Accountax Limited,
Mailbox 3, Solent Business Centre,
343 Millbrook Road West,
Southampton
SO15 0HW
United Kingdom
Accountants
Caprica Online Limited
C/O Power Accountax Limited,
Mailbox 3, Solent Business Centre,
343 Millbrook Road West,
Southampton
SO15 0HW
Skypath Limited
Statement of financial position
as at 31 March 2025
Tangible assets
2,766
5,070
Cash at bank and in hand
381,670
459,615
Creditors: amounts falling due within one year
230,860
149,785
Net current assets
729,537
728,284
Net assets
732,303
733,354
Called up share capital
2
2
Profit and loss account
732,301
733,352
Shareholders' funds
732,303
733,354
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. 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 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 of Directors and authorised for issue on 25 November 2025 and were signed on its behalf by
Khatereh Nasehi
Director
Company Registration No. 04092174
Skypath Limited
Notes to the Accounts
for the year ended 31 March 2025
Skypath Limited is a private company, limited by shares, registered in England and Wales, registration number 04092174. The registered office is C/O Power Accountax Limited,, Mailbox 3, Solent Business Centre,, 343 Millbrook Road West,, Southampton, SO15 0HW, United Kingdom.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
3 years
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Skypath Limited
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
14,905
5,370
31,838
52,113
At 31 March 2025
14,905
5,370
31,838
52,113
At 1 April 2024
14,715
3,285
29,043
47,043
Charge for the year
38
1,020
1,246
2,304
At 31 March 2025
14,753
4,305
30,289
49,347
At 31 March 2025
152
1,065
1,549
2,766
At 31 March 2024
190
2,085
2,795
5,070
Amounts falling due within one year
Trade debtors
18,717
25,823
Accrued income and prepayments
-
1,746
Other debtors
98,290
91,315
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
48,176
49,860
Loans from directors
(301,636)
(226,588)
Allotted, called up and fully paid:
2 2 Ordinary shares of £1 each of £1 each
2
2
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors loan
226,588
75,048
-
301,636
Skypath Limited
Notes to the Accounts
for the year ended 31 March 2025
9
Average number of employees
During the year the average number of employees was 3 (2024: 4).