Skyline Logistics Limited - Filleted accounts

Registered number

04304760

Skyline Logistics Limited

Filleted Accounts

31 March 2026

Skyline Logistics Limited
Registered number:		04304760
Balance Sheet
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	4		193,154			159,049

Current assets
Debtors	5	271,451			286,229
Cash at bank and in hand		424,694			409,984
		696,145			696,213

Creditors: amounts falling due within one year	6	(112,169)			(132,756)

#NAME?			583,976			563,457

Total assets less current liabilities			777,130			722,506

Creditors: amounts falling due after more than one year	7		(61,600)			(10,084)

Provisions for liabilities			(38,925)			(29,800)


#NAME?			676,605			682,622

Capital and reserves
Called up share capital			2			2
Profit and loss account			676,603			682,620

Shareholders' funds			676,605			682,622

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 members have 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 P Cockette
Director
Approved by the board on 30 June 2026

Skyline Logistics Limited
Notes to the Accounts
for the year ended 31 March 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:

	Plant and machinery	15-25% reducing balance
	Motor vehicles	25% reducing balance

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Stocks
	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.

	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. 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. 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. Current and deferred tax 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. 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			16		17


3	Intangible fixed assets					£
	Goodwill:

	Cost
	At 1 April 2025					16,200
	At 31 March 2026					16,200

	Amortisation
	At 1 April 2025					16,200
	At 31 March 2026					16,200

	Net book value
	At 31 March 2026					-

	Goodwill has been written off in equal annual instalments over its estimated economic life of 10 years.


4	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 April 2025	57,620		377,231		434,851
	Additions	1,670		84,071		85,741
	Disposals	-		(44,197)		(44,197)
	At 31 March 2026	59,290		417,105		476,395

	Depreciation
	At 1 April 2025	40,008		235,794		275,802
	Charge for the year	4,055		43,523		47,578
	On disposals	-		(40,139)		(40,139)
	At 31 March 2026	44,063		239,178		283,241

	Net book value
	At 31 March 2026	15,227		177,927		193,154
	At 31 March 2025	17,612		141,437		159,049


5	Debtors			2026		2025
£					£

	Trade debtors			226,242		244,644
	Other debtors			45,209		41,585
				271,451		286,229


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

	Trade creditors			48,124		35,487
	Taxation and social security costs			45,298		77,087
	Other creditors			18,747		20,182
				112,169		132,756


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

	Other creditors			61,600		10,084


8	Other financial commitments			2026		2025
£					£

	Total future minimum payments under non-cancellable operating leases			6,625		33,125


9	Controlling party

	The company is under joint control of Paul Cockette and Alison Cockette who own all of the issued share capital.


10	Other information

	Skyline Logistics Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Unit 40, Walkers Road
	North Moons Moat
	Redditch
	Worcestershire
	B98 9HD