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Company Registration No. 04362840 (England and Wales)
Skywire Limited Unaudited accounts for the year ended 30 September 2025
Skywire Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Skywire Limited Company Information for the year ended 30 September 2025
Directors
A Judd E Hoff
Company Number
04362840 (England and Wales)
Registered Office
152-154 Coles Green Road London NW2 7HD
Accountants
Jacobs & Company 152 Coles Green Road London NW2 7HD
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Skywire Limited Statement of financial position as at 30 September 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
5
5,019
8,552
Current assets
Debtors
6
243,992
235,502
Cash at bank and in hand
247,123
249,581
491,115
485,083
Creditors: amounts falling due within one year
7
(521,075)
(544,161)
Net current liabilities
(29,960)
(59,078)
Total assets less current liabilities
(24,941)
(50,526)
Provisions for liabilities
Deferred tax
(1,254)
(3,129)
Net liabilities
(26,195)
(53,655)
Capital and reserves
Called up share capital
8
2
2
Profit and loss account
(26,197)
(53,657)
Shareholders' funds
(26,195)
(53,655)
For the year ending 30 September 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 June 2026 and were signed on its behalf by
A Judd Director Company Registration No. 04362840
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Skywire Limited Notes to the Accounts for the year ended 30 September 2025
1
Statutory information
Skywire Limited is a private company, limited by shares, registered in England and Wales, registration number 04362840. The registered office is 152-154 Coles Green Road, London, NW2 7HD.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 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 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:
Land & buildings
Over the period of the lease
Plant & machinery
25% on reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation, and are amprtised over their expected useful lives.
Investments
Investments in shares are included at fair value.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Skywire Limited Notes to the Accounts for the year ended 30 September 2025
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Intangible fixed assets
Other
£
Cost
At 1 October 2024
24,000
At 30 September 2025
24,000
Amortisation
At 1 October 2024
24,000
At 30 September 2025
24,000
Net book value
At 30 September 2025
-
5
Tangible fixed assets
Plant & machinery
£
Cost or valuation
At cost
At 1 October 2024
95,038
Additions
1,998
At 30 September 2025
97,036
Depreciation
At 1 October 2024
86,486
Charge for the year
5,531
At 30 September 2025
92,017
Net book value
At 30 September 2025
5,019
At 30 September 2024
8,552
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
208,076
153,508
Accrued income and prepayments
18,122
-
Other debtors
17,794
81,994
243,992
235,502
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Skywire Limited Notes to the Accounts for the year ended 30 September 2025
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
4,857
11,189
VAT
49,984
39,283
Trade creditors
15,178
3,755
Taxes and social security
424,768
367,468
Other creditors
3,038
3,862
Accruals
23,250
118,604
521,075
544,161
8
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
9
Loans to directors
Brought Forward
Advance/ credit
Repaid
Carried Forward
£
£
£
£
A Judd
28,521
9,257
31,858
5,920
E Hoff
28,521
9,257
31,858
5,920
57,042
18,514
63,716
11,840
These amounts represent loans advanced to directors with no fixed repayment date. Interest has been charged at rates between 2.50% and 3.75%. The loans were unsecured. On 20 June 2025, the Board resolved to write off the balances of £28,521 owed by each of Mr Judd and Ms Hoff at 30 September 2024. The total amount written off was £57,042. This write-off has been recognised in the profit & loss account for the financial year ended 30 September 2025. The loan was repaid in full after the year end.
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Skywire Limited Notes to the Accounts for the year ended 30 September 2025
10
Transactions with related parties
Skywire Ltd, Skywire Growth Ltd, Skywire Tech Ltd and Skywire Creative Ltd are related parties by virtue of common control. Skywire Tech Ltd and Skywire Creative Ltd were incorporated during the year and therefore no comparative balances or transactions exist in respect of these entities for the prior period. During the year, the company entered into the following transactions with related parties: Sale of services to: Skywire Growth Ltd: £81,624 (2024: £51,560) Skywire Technology Ltd: £112,667 (2024: £nil) Skywire Creative Ltd: £3,562 (2024: £nil) Purchase of services from: Skywire Creative Ltd: £119,047 (2024: £nil) At 30 September 2025, the following balances were outstanding: Amounts due from: Skywire Growth Ltd: £8,857 (2024: £nil) Skywire Technolgy Ltd: £42,695 (2024: £nil) Amounts due to: Skywire Creative Ltd: £14,038 (2024: £nil) All transactions were undertaken on normal commercial terms and no guarantees have been given or received. Related party matter – Skywire Partners LLP During a prior accounting period, Skywire Partners LLP ("SP") entered into a licence agreement with Skywire Limited ("SL"). SP and SL are related parties by virtue of common control: Mr Alexander Judd and Ms Eva Hoff are directors and shareholders of SL and designated members of SP. The licence arrangement was terminated on 31 March 2023. Following an HMRC enquiry into the substance of this arrangement, the historical transactions between SL and SP were reviewed and reversed. As a result, the previous receivable due from SP of £309,451 was written off in a prior period. SL has undertaken to settle any tax liabilities arising as a result of the reversal, including any liabilities which may arise on SP. A provision was recognised in prior periods representing the Company’s best estimate of the settlement with HMRC. The directors remain satisfied that this provision is adequate and that no further financial exposure exists in relation to this matter. At 30 September 2025, the balance due from SP was £nil (2024: £nil).
11
Average number of employees
During the year the average number of employees was 15 (2024: 15).
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