Skytax Accounting Limited

Skytax Accounting Limited
Statement of Financial Position
As at 31 March 2026

	Notes	2026 £	2025 £
Fixed assets
Tangible fixed assets	4	1,300	0
		1,300	0
Current assets
Debtors	5	6,850	114,703
Cash at bank and in hand		26,985	15,127
		33,835	129,830
Creditors: amount falling due within one year	6	(67,656)	(71,646)
Net current assets		(33,821)	58,184

Total assets less current liabilities		(32,521)	58,184
Creditors: amount falling due after more than one year	7	(37,750)	(59,668)
Net assets		(70,271)	(1,484)

Capital and reserves
Called up share capital		100	100
Profit and loss account		(70,371)	(1,584)
Shareholders' funds		(70,271)	(1,484)

For the year ended 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 to the Registrar of Companies.

The financial statements were approved by the director on 11 September 2026 and were signed by:

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Mr Muhammad Altaf Urrehman
Director

Skytax Accounting Limited
Notes to the Financial Statements
For the year ended 31 March 2026

General Information

Skytax Accounting Limited is a private company, limited by shares, registered in England and Wales, registration number 06894709, registration address Skytax Accounting Fora 7th Floor Canada Square, Canary Wharf, London, England, E14 5AA.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Intangible assets

Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Computer Equipment

30% Straight Line

Assets on finance lease and hire purchase

Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.

2.	Average number of employees Average number of employees during the year was 4 (2025 : 5).

Intangible fixed assets

Cost	Other	Total
	£	£
At 01 April 2025	24,244	24,244
Additions	-	-
Disposals	-	-
At 31 March 2026	24,244	24,244
Amortisation
At 01 April 2025	24,244	24,244
Charge for year	-	-
On disposals	-	-
At 31 March 2026	24,244	24,244
Net book values
At 31 March 2026	-	-
At 31 March 2025	-	-

Tangible fixed assets

Cost or valuation	Computer Equipment	Total
	£	£
At 01 April 2025	-	-
Additions	1,834	1,834
Disposals	-	-
At 31 March 2026	1,834	1,834
Depreciation
At 01 April 2025	-	-
Charge for year	534	534
On disposals	-	-
At 31 March 2026	534	534
Net book values
Closing balance as at 31 March 2026	1,300	1,300
Opening balance as at 01 April 2025	-	-

Debtors: amounts falling due within one year

	2026 £	2025 £
Accounts Receivable	(180)	0
Director Current Accounts	0	56,653
	(180)	56,653

Debtors: amounts falling due after one year

	2026 £		2025 £
Other Debtors	7,030		58,050
	7,030		58,050

Creditors: amount falling due within one year

	2026 £	2025 £
PAYE & Social Security	9,123	0
Wages & Salaries Control Account	33,483	38,236
Directors' Current Accounts	13,205	0
VAT Control Account	11,845	33,410
	67,656	71,646

Creditors: amount falling due after more than one year

	2026 £	2025 £
Funding Circle Loan	37,750	44,876
Iwoca Loan	0	3,881
Fleximize Loan	0	10,911
	37,750	59,668

8.	Impairment Loss During the year, a director was declared bankrupt. As the directors current account balance and certain other debtor balances were considered irrecoverable, an impairment loss of £114,703 has been recognised in the profit and loss account.

Registered Number: 06894709
England and Wales
SKYTAX ACCOUNTING LIMITED

Unaudited Financial Statements

Period of accounts Start date: 01 April 2025 End date: 31 March 2026