1 November 2024 false No description of principal activity Taxfiler 2024.6 08742819 business:PrivateLimitedCompanyLtd 2024-11-01 2025-10-31 08742819 2024-10-31 08742819 2024-11-01 2025-10-31 08742819 business:AuditExemptWithAccountantsReport 2024-11-01 2025-10-31 08742819 business:FilletedAccounts 2024-11-01 2025-10-31 08742819 2025-10-31 08742819 business:Director1 2024-11-01 2025-10-31 08742819 business:Director2 2024-11-01 2025-10-31 08742819 business:Director4 2024-11-01 2025-10-31 08742819 business:RegisteredOffice 2024-11-01 2025-10-31 08742819 2024-10-31 08742819 core:WithinOneYear 2025-10-31 08742819 core:WithinOneYear 2024-10-31 08742819 core:ShareCapital core:PreviouslyStatedAmount 2025-10-31 08742819 core:ShareCapital core:PreviouslyStatedAmount 2024-10-31 08742819 core:SharePremium core:PreviouslyStatedAmount 2025-10-31 08742819 core:SharePremium core:PreviouslyStatedAmount 2024-10-31 08742819 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-10-31 08742819 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-10-31 08742819 core:PreviouslyStatedAmount 2025-10-31 08742819 core:PreviouslyStatedAmount 2024-10-31 08742819 business:SmallEntities 2024-11-01 2025-10-31 08742819 countries:EnglandWales 2024-11-01 2025-10-31 08742819 core:PlantMachinery 2024-11-01 2025-10-31 08742819 core:MotorVehicles 2024-11-01 2025-10-31 08742819 core:FurnitureFittings 2024-11-01 2025-10-31 08742819 core:IntangibleAssetsOtherThanGoodwill 2024-10-31 08742819 core:IntangibleAssetsOtherThanGoodwill 2024-11-01 2025-10-31 08742819 core:IntangibleAssetsOtherThanGoodwill 2025-10-31 08742819 core:PlantMachinery 2024-10-31 08742819 core:MotorVehicles 2024-10-31 08742819 core:FurnitureFittings 2024-10-31 08742819 core:PlantMachinery 2025-10-31 08742819 core:MotorVehicles 2025-10-31 08742819 core:FurnitureFittings 2025-10-31 08742819 core:WithinOneYear 2024-11-01 2025-10-31 08742819 2023-11-01 2024-10-31 iso4217:GBP xbrli:pure
Company Registration No. 08742819 (England and Wales)
Skyfly Technologies Limited Unaudited accounts for the year ended 31 October 2025
Skyfly Technologies Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Skyfly Technologies Limited Company Information for the year ended 31 October 2025
Directors
MJ Thompson WG Brooks RF Tuthill
Company Number
08742819 (England and Wales)
Registered Office
Mount Offham Teston Road Offham Kent ME19 5PG
Accountants
Times Accountancy Services Limited Alcala, Rectory Lane Woodmansterne Surrey SM7 3NY
- 3 -
Skyfly Technologies Limited Statement of financial position as at 31 October 2025
2025
2024
Notes
£
£
Fixed assets
Intangible assets
4
295,820
163,949
Tangible assets
5
190,119
112,059
485,939
276,008
Current assets
Debtors
6
75,492
15,498
Cash at bank and in hand
760,018
149,988
835,510
165,486
Creditors: amounts falling due within one year
7
(1,032,171)
(165,234)
Net current (liabilities)/assets
(196,661)
252
Net assets
289,278
276,260
Capital and reserves
Called up share capital
179
175
Share premium
2,112,333
1,358,238
Profit and loss account
(1,823,234)
(1,082,153)
Shareholders' funds
289,278
276,260
For the year ending 31 October 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 10 April 2026 and were signed on its behalf by
MJ Thompson Director Company Registration No. 08742819
- 4 -
Skyfly Technologies Limited Notes to the Accounts for the year ended 31 October 2025
1
Statutory information
Skyfly Technologies Limited is a private company, limited by shares, registered in England and Wales, registration number 08742819. The registered office is Mount Offham, Teston Road, Offham, Kent, ME19 5PG.
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.
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:
Plant & machinery
33% straight line
Motor vehicles
33% straight line
Fixtures & fittings
33% straight line
Research and development
Research expenditure is written off in the year it is incurred. Development expenditure is either written off in the year in which it is incurred or capitalised and amortised over the useful life of the asset.
Intangible fixed assets
Intangible fixed assets are included at cost less accumulated amortisation and are amortised over a ten year period.
4
Intangible fixed assets
Other
£
Cost
At 1 November 2024
186,362
Additions
144,762
At 31 October 2025
331,124
Amortisation
At 1 November 2024
22,413
Charge for the year
12,891
At 31 October 2025
35,304
Net book value
At 31 October 2025
295,820
At 31 October 2024
163,949
- 5 -
Skyfly Technologies Limited Notes to the Accounts for the year ended 31 October 2025
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 November 2024
184,747
2,000
11,889
198,636
Additions
35,475
-
120,094
155,569
At 31 October 2025
220,222
2,000
131,983
354,205
Depreciation
At 1 November 2024
81,690
875
4,012
86,577
Charge for the year
72,384
569
4,556
77,509
At 31 October 2025
154,074
1,444
8,568
164,086
Net book value
At 31 October 2025
66,148
556
123,415
190,119
At 31 October 2024
103,057
1,125
7,877
112,059
6
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
51,281
-
Accrued income and prepayments
5,833
-
Other debtors
18,378
15,498
75,492
15,498
7
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
-
1,058
Trade creditors
109,718
2,722
Taxes and social security
11,365
5,535
Other creditors
703,025
904
Accruals
28,063
5,015
Deferred income
180,000
150,000
1,032,171
165,234
At 31 October 2025 the Company had acquired £200,000 further investment from an investor by way of an advance subscription of shares within the terms of a deed dated 20 October 2025 and £500,000 further investment by way of a convertible loan note instrument created by a resolution dated 26 September 2025.
8
Average number of employees
During the year the average number of employees was 4 (2024: 4).
- 6 -