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Registered number: 11582259
Sky Blue Hospitality Ltd
Unaudited Financial Statements
For The Year Ended 30 December 2024
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Company Information
Directors Miss Chelsey Ballard
Mr Shaun Hayter
Company Number 11582259
Registered Office The Cyder House Peper Harow Lane
Shackleford
Godalming
GU8 6AN
Accountants FMS LLP
16, Harrow Road
Fleet
Hampshire
GU51 1JD
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Page 2
Balance Sheet
Registered number: 11582259
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 27,674 27,679
27,674 27,679
CURRENT ASSETS
Stocks 5 4,795 2,208
Debtors 6 105,801 20,076
Cash at bank and in hand 22,584 13,512
133,180 35,796
Creditors: Amounts Falling Due Within One Year 7 (173,102 ) (70,566 )
NET CURRENT ASSETS (LIABILITIES) (39,922 ) (34,770 )
TOTAL ASSETS LESS CURRENT LIABILITIES (12,248 ) (7,091 )
Creditors: Amounts Falling Due After More Than One Year 8 (6,162 ) (15,916 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (5,743 ) -
NET LIABILITIES (24,153 ) (23,007 )
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account (24,155 ) (23,009 )
SHAREHOLDERS' FUNDS (24,153) (23,007)
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Page 3
For the year ending 30 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
Mr Shaun Hayter
Director
15th December 2025
The notes on pages 4 to 6 form part of these financial statements.
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Page 4
Notes to the Financial Statements
1. General Information
Sky Blue Hospitality Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11582259 . The registered office is The Cyder House Peper Harow Lane, Shackleford, Godalming, GU8 6AN.
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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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:
Plant & Machinery 20% Reducing Balance
Fixtures & Fittings 20% Reducing Balance
Computer Equipment 20% Reducing Balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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 years 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 assets reflect 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 15 (2023: 15)
15 15
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 31 December 2023 5,981 37,760 2,160 45,901
Additions 1,050 5,528 213 6,791
As at 30 December 2024 7,031 43,288 2,373 52,692
Depreciation
As at 31 December 2023 1,956 14,970 1,296 18,222
Provided during the period 893 5,428 475 6,796
As at 30 December 2024 2,849 20,398 1,771 25,018
Net Book Value
As at 30 December 2024 4,182 22,890 602 27,674
As at 31 December 2023 4,025 22,790 864 27,679
5. Stocks
2024 2023
£ £
Stock 4,795 2,208
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 2,393 10,802
Other debtors 77,410 7,380
79,803 18,182
Due after more than one year
Other debtors 25,998 1,894
105,801 20,076
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 4,334 5,664
Bank loans and overdrafts 10,361 10,648
Other loans 55,207 25,706
Other creditors 6,297 -
Taxation and social security 96,903 28,548
173,102 70,566
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 6,162 15,916
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 31 December 2023 Amounts advanced Amounts repaid Amounts written off As at 30 December 2024
£ £ £ £ £
Miss Chelsey Ballard 2,806 34,292 - - 37,098
Mr Shaun Hayter 2,806 37,128 - - 39,934
The above loans are  unsecured, interest free and repayable on demand.
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