Sky Recruitment Solutions Limited

Registered number

08874719

Filleted Accounts

28 February 2026

Sky Recruitment Solutions Limited
Registered number:		08874719
Balance Sheet
as at 28 February 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		14,563			11,995

Current assets
Debtors	4	1,413,062			1,447,348
Cash at bank and in hand		88,404			96,921
		1,501,466			1,544,269

Creditors: amounts falling due within one year	5	(988,426)			(1,237,303)

Net current assets			513,040			306,966

Total assets less current liabilities			527,603			318,961

Creditors: amounts falling due after more than one year	6		-			(2,494)

Provisions for liabilities			(1,812)			(3,299)


Net assets			525,791			313,168

Capital and reserves
Called up share capital			100			100
Profit and loss account			525,691			313,068

Shareholder's funds			525,791			313,168

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr David Torrington
Director
Approved by the board on 21 May 2026

Sky Recruitment Solutions Limited
Notes to the Accounts
for the year ended 28 February 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Office Equipment			25% on reducing balance basis
	Computer equipment			25% straight line
	Leasehold improvement			25% straight line

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2026		2025
Number							Number

	Average number of persons employed by the company					23		26


3	Tangible fixed assets
		Leasehold Improve-ment		Office Equipment		Computer Equipment		Total
£			£		£		£
	Cost
	At 1 March 2025	-		16,945		26,141		43,086
	Additions	7,789		-		-		7,789
	At 28 February 2026	7,789		16,945		26,141		50,875

	Depreciation
	At 1 March 2025	-		11,024		20,067		31,091
	Charge for the year	476		1,506		3,239		5,221
	At 28 February 2026	476		12,530		23,306		36,312

	Net book value
	At 28 February 2026	7,313		4,415		2,835		14,563
	At 28 February 2025	-		5,921		6,074		11,995


4	Debtors					2026		2025
£							£

	Trade debtors					1,187,822		1,224,538
	Amounts owed by group undertakings and undertakings in which the company has a participating interest					224		224
	Other debtors					225,016		222,586
						1,413,062		1,447,348

	Included in Trade debtors are debts subject to invoice discounting of £1,187,822
	(2025: £1,224,538).

5	Creditors: amounts falling due within one year					2026		2025
£							£

	Bank loans and overdrafts					3,135		10,000
	Trade creditors					37,019		367,340
	Amounts owed to group undertakings and undertakings in which the company has a participating interest					10,638		10,740
	Taxation and social security costs					210,785		106,964
	Other creditors					726,849		742,259
						988,426		1,237,303


6	Creditors: amounts falling due after one year					2026		2025
£							£

	Bank loans					-		2,494


7	Loans					2026		2025
£							£
	Creditors include:

	Other creditors					555,213		555,537

	The above balance is secured by fixed and floating charge over the assets of the company.


8	Other financial commitments					2026		2025
£							£

	Total future minimum payments under non-cancellable operating leases					116,461		148,651


9	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	Mr David Torrington
	Loan	33,494		42,334		(33,495)		42,333

		33,494		42,334		(33,495)		42,333


10	Controlling party

	The immediate parent company is Capella Capital (Parent Company) Limited. The ultimate controlling party are Mr D and Mrs E Torrington.


11	Other information

	Sky Recruitment Solutions Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Suite 1, Unicorn House,
	Wellington Street
	Ripley
	DE5 3EH