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## Sky Chance Technology ltd

Unaudited micro-entity financial statement
1 Oct 2024 to 30 Sept 2025
Company registration number:13658062
1
Sky Chance Technology ltd
Unaudited micro-entity financial statement
1 Oct 2024 to 30 Sept 2025

## Table of contents

Officers
Directors
Registered office address
Profit and loss
Balance sheet
Authorisation
Signature
Notes to the financial statements
General information
Principal activities of the company
Statement of going concern
Average number of employees
Detailed profit and loss
2
Sky Chance Technology ltd
Unaudited micro-entity financial statement
1 Oct 2024 to 30 Sept 2025

## Officers

Directors:
SHUM, Sui Jack
CHEUK, Wing Tung
Registered office address:
2 Kelly Gardens
Milton Keynes City
Buckinghamshire
MK4 4HY
3
Sky Chance Technology ltd
Unaudited micro-entity financial statement
1 Oct 2024 to 30 Sept 2025

## Balance sheet

1 Oct 2024 to 30 Sept 2025

ACCOUNTS | 01 OCT 2024 to 30 SEP 2025 (£) | 01 OCT 2023 to 30 SEP 2024 (£)
--- | --- | ---
Called-up share capital not paid | 0 | 0
Fixed asset | 0 | 0
Current assets | 868 | 721
Prepayments and accrued income | 0 | 0
Creditors-amounts falling due within one year | (19181) | (14193)
Net current assets (liabilities) | (18314) | (13471)
Total assets less current liabilities | £ (18314) | £ (13471)
Creditors-amounts falling due after more than one year | 0 | 0
Provisions for liabilities | 0 | 0
Accruals and deferred income | 0 | 0
Net assets | £ (18314) | £ (13471)
Capital and reserves | £ (18314) | £ (13471)

For the year ending 30 September 2025 the company was entitled to exemption 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 and delivered in accordance with the provisions applicable to the companies subject to the small companies regime.

These accounts have been prepared in accordance with the micro-entity provisions.

These financial statements were approved by the board of directors and authorised for issue on 30 May 2026, and were signed on behalf of the board by:

Directors,SHUM, Sui Jack
5
Sky Chance Technology ltd
Unaudited micro-entity financial statement
1 Oct 2024 to 30 Sept 2025

## Notes to the financial statements

1 Oct 2024 to 30 Sept 2025

#### General information

1 Accounting policiesBasis of preparation The accounts have been prepared under the historical cost convention and in accordance withFRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (asapplied to small entities by section 1A of the standard). Turnover Turnover is measured at the fair value of the consideration received or receivable, net ofdiscounts. 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. Tangible fixed 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: Fixtures, fittings, tools and equipment over 5 years Stock Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. Short term 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 initiallyrecognised at transaction price including any transaction costs and subsequently measured atamortised cost determined using the effective interest method, less any impairment losses forbad and doubtful debts.Short term 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 transactioncosts and subsequently measured at amortised cost determined using the effective interestmethod. TaxationA 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 timingdifferences 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.

#### Principal activities of the company

The principal activities of a software development and consultancy company typically include: Designing and developing custom software applications Providing IT consultancy and technology advisory service

#### Statement of going concern

It is the directors belief that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks. As such, they have a reasonable expectation that the company has sufficient resources to continue its operational existence for the foreseeable future. The directors will continue to adopt the going concern basis of accounting in preparing the financial statements.

#### Average number of employees

During the financial year the average number of employees was 3.

6