REGISTERED NUMBER: 02201006 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025

FOR

COBALT SKY LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms R M Cole

R Khan

L D Khan

SECRETARY:

L D Khan

REGISTERED OFFICE:

Air Malta House

314-316 Upper Richmond Road

London

SW15 6TL

REGISTERED NUMBER:

02201006 (England and Wales)

ACCOUNTANTS:

Liles Morris Limited

80 Coombe Road

New Malden

Surrey

KT3 4QS

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

8,194

18,603

8,194

18,603

CURRENT ASSETS

Debtors

6

600,686

424,661

Cash in hand

447,421

440,041

1,048,107

864,702

CREDITORS

Amounts falling due within one year

7

455,925

317,199

NET CURRENT ASSETS

592,182

547,503

TOTAL ASSETS LESS CURRENT LIABILITIES

600,376

566,106

PROVISIONS FOR LIABILITIES

1,856

3,869

NET ASSETS

598,520

562,237

CAPITAL AND RESERVES

Called up share capital

50

50

Capital redemption reserve

50

50

Retained earnings

598,420

562,137

598,520

562,237

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

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

The directors acknowledge their 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 Board of Directors and authorised for issue on 27 July 2026 and were signed on its behalf by:

R Khan - Director

1.	STATUTORY INFORMATION

Cobalt Sky Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Significant judgements and estimates

The directors have not been required to make any material critical judgements in the process of applying the company's accounting policies.

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 represents sales of computer consultancy and software development and installation services. Where the outcome of a transaction can be estimated reliably turnover is recognised by reference to the stage of completion of the transaction at the end of the reporting period.

Goodwill

Goodwill represents the excess of the cost of acquisition over the fair value of the separable net assets of businesses acquired. It is initially measured at cost. After initial recognition, it is measured at cost less any accumulated amortisation and any accumulated impairment losses.

The goodwill on the acquisition of a business on 31 December 2010 has been amortised through the profit and loss account in equal instalments over its estimated useful life of 5 years

Tangible fixed assets

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

Short leasehold - over the unexpired term of the lease

Fixtures and fittings - 20% on cost

Computer equipment - 25% - 33% on cost

Financial instruments

Financial instruments are recognised when the company becomes party to the contractual provisions of the financial instrument. The company holds only basic financial instruments, which comprise cash at bank, trade and other debtors and trade creditors.

Cash and cash equivalents - these include deposits held with banks.

Trade and other debtors- these are initially recognised at the transaction price and are subsequentlymeasured at amortised cost using the effective interest method, less any provision for impairment. Amounts that are receivable within one year are measured at the undiscounted amount expected to be receivable, net of any impairment.

Trade creditors- these are initially measured at the transaction price and are subsequently measured at amortised cost using the effective interest method. Amounts that are payable within one year are measured at the undiscounted amount expected to be payable.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2024 - 21 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 December 2024

and 30 November 2025

40,000

AMORTISATION

At 1 December 2024

and 30 November 2025

40,000

NET BOOK VALUE

At 30 November 2025

-

At 30 November 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 December 2024

59,717

91,835

151,552

Additions

-

10,257

10,257

At 30 November 2025

59,717

102,092

161,809

DEPRECIATION

At 1 December 2024

55,104

77,845

132,949

Charge for year

4,613

16,053

20,666

At 30 November 2025

59,717

93,898

153,615

NET BOOK VALUE

At 30 November 2025

-

8,194

8,194

At 30 November 2024

4,613

13,990

18,603

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

569,643

392,334

Other debtors

31,043

32,327

600,686

424,661

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

147,659

98,499

Taxation and social security

252,144

163,311

Other creditors

56,122

55,389

455,925

317,199

8.	LEASING AGREEMENTS

Rentals payable under operating leases are charged to profit or loss on a straight line basis over the term of the lease.

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £205,600 (2024 - £109,650) were paid to the directors.

10.	GOING CONCERN

The company has considerable financial resources together with established business relationships with a number of customers across different geographic areas and industries. As a consequence the directorsbelieve that the company is well placed to manage its business risks successfully.

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.