REGISTERED NUMBER: SC728610 (Scotland)

Skye Cabs Ltd

Financial Statements For The Year Ended 30 April 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs W Y King

REGISTERED OFFICE:

6 Brinuth Place

Elgin

Moray

IV30 6YW

REGISTERED NUMBER:

SC728610 (Scotland)

ACCOUNTANTS:

The Long Partnership

4 North Guildry Street

Elgin

Moray

IV30 1JR

BANKERS:

Bank of Scotland

Elgin High Street Branch

PO Box 17235

Edinburgh

EH11 1YH

FIXED ASSETS

Tangible assets

4

8,323

5,055

CURRENT ASSETS

Debtors

5

3,514

6,506

Cash at bank and in hand

147

158

3,661

6,664

CREDITORS

Amounts falling due within one year

6

13,971

7,731

NET CURRENT LIABILITIES

(10,310

)

(1,067

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,987

)

3,988

CAPITAL AND RESERVES

Called up share capital

7

1

1

Retained earnings

8

(1,988

)

3,987

SHAREHOLDERS' FUNDS

(1,987

)

3,988

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 April 2026 and were signed by:

Mrs W Y King - Director

1.	STATUTORY INFORMATION

Skye Cabs Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Going concern

The balance sheet shows that liabilities exceed assets by £1,987 including a liability to the director of the company of £7,135. The director of the company has confirmed that they will maintain financial support for the foreseeable future to enable the company to continue normal trading operations. The financial statements are therefore drawn up on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 May 2024

6,600

150

6,750

Additions

8,750

-

8,750

Disposals

(3,567

)

-

(3,567

)

At 30 April 2025

11,783

150

11,933

DEPRECIATION

At 1 May 2024

1,650

45

1,695

Charge for year

2,757

50

2,807

Eliminated on disposal

(892

)

-

(892

)

At 30 April 2025

3,515

95

3,610

NET BOOK VALUE

At 30 April 2025

8,268

55

8,323

At 30 April 2024

4,950

105

5,055

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Trade debtors

3,514

6,506

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Trade creditors

834

-

Taxation and social security

4,354

5,923

Other creditors

8,783

1,808

13,971

7,731

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.25

30.4.24

value:

£

£

1

Ordinary

1

1

1

8.

RESERVES

Retained

earnings

£

At 1 May 2024

3,987

Deficit for the year

(5,975

)

At 30 April 2025

(1,988

)

9.	RELATED PARTY DISCLOSURES

As at 30 April 2024 the company owed the director £8. During the year the company met expenses on behalf of the director totalling £17,588 and the director met expenses on behalf of the company totalling £24,715. At 30 April 2025 the company owed the director £7,135. This loan is interest free and has no fixed terms of repayment.