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Company Registration No. 12928805 (England and Wales)
Skyverse Ltd Unaudited accounts for the year ended 31 July 2025
Skyverse Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Skyverse Ltd Company Information for the year ended 31 July 2025
Directors
M A Bramworth R I Cooke A Long P J Long J H Newberry
Company Number
12928805 (England and Wales)
Registered Office
20-22 Wenlock Road London N1 7GU UK
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Skyverse Ltd Statement of financial position as at 31 July 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
4,530
5,433
Current assets
Debtors
5
123,677
72,161
Cash at bank and in hand
246,263
134,872
369,940
207,033
Creditors: amounts falling due within one year
6
(7,149)
(10,631)
Net current assets
362,791
196,402
Net assets
367,321
201,835
Capital and reserves
Called up share capital
7
153
143
Share premium
869,916
495,538
Profit and loss account
(502,748)
(293,846)
Shareholders' funds
367,321
201,835
For the year ending 31 July 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 5 January 2026 and were signed on its behalf by
M A Bramworth Director Company Registration No. 12928805
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Skyverse Ltd Notes to the Accounts for the year ended 31 July 2025
1
Statutory information
Skyverse Ltd is a private company, limited by shares, registered in England and Wales, registration number 12928805. The registered office is 20-22 Wenlock Road, London, N1 7GU, UK.
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.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
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
4 years straight line
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 or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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Skyverse Ltd Notes to the Accounts for the year ended 31 July 2025
Judgements in applying accounting policies and key sources of estimation uncertainty
The preparation of financial statements in compliance with FRS 102 Section 1A requires the use of certain critical accounting estimates. it also requires management to exercise judgement in applying the company's accounting polices. In preparing these financial statements, the directors have made the following judgements: Determine whether there are indicators of impairment of the company's tangible fixed assets. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and where it is a component of a larger cash-generating unit, the viability and expected future performance of that unit. Other key sources of estimation uncertainty: Tangible fixed assets (note 4) Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values.
4
Tangible fixed assets
Computer equipment
£
Cost or valuation
At cost
At 1 August 2024
10,624
Additions
2,157
At 31 July 2025
12,781
Depreciation
At 1 August 2024
5,191
Charge for the year
3,060
At 31 July 2025
8,251
Net book value
At 31 July 2025
4,530
At 31 July 2024
5,433
5
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
3,165
1,932
Other debtors
120,512
70,229
123,677
72,161
6
Creditors: amounts falling due within one year
2025
2024
£
£
Taxes and social security
4,559
9,297
Other creditors
2,590
1,334
7,149
10,631
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Skyverse Ltd Notes to the Accounts for the year ended 31 July 2025
7
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
1,526,221 Ordinary shares of £0.0001 each
152.62
142.48
5,000 B Ordinary shares of £0.0001 each
0.50
0.50
153.12
142.98
Shares issued during the period:
101,341 Ordinary shares of £0.0001 each
10
8
Average number of employees
During the year the average number of employees was 7 (2024: 8).
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