Company No: 16362016 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025
		£
Fixed assets
Tangible assets	3	133,718
		133,718
Current assets
Stocks	4	691
Debtors	5	313,562
Cash at bank and in hand		13,121
		327,374
Creditors: amounts falling due within one year	6	( 1,154,368)
Net current liabilities		(826,994)
Total assets less current liabilities		(693,276)
Net liabilities		( 693,276)
Capital and reserves
Called-up share capital	7	1
Profit and loss account		( 693,277 )
Total shareholder's deficit		( 693,276)

For the financial period ending 31 December 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial period 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 financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Skyford Logistics Ltd (registered number: 16362016) were approved and authorised for issue by the Director on 18 September 2026. They were signed on its behalf by:

V Olenchenko Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Skyford Logistics Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 73 Cornhill, London, EC3V 3QQ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption in section 399 of the Companies Act 2006 not to prepare consolidated accounts, because the group it heads qualifies as small. The financial statements present information about the Company as an individual entity only.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Revenue from services is recognised as they are delivered.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line and reducing balance basis over its expected useful life, as follows:

Plant and machinery	5 years straight line
Vehicles	25 % reducing balance
Office equipment	4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

	2025
	Number
Monthly average number of persons employed by the Company during the period, including the director	5

3. Tangible assets

	Plant and machinery		Vehicles		Office equipment		Total
	£		£		£		£
Cost
At 01 January 2025	0		0		0		0
Additions	95,669		46,936		5,812		148,417
At 31 December 2025	95,669		46,936		5,812		148,417
Accumulated depreciation
At 01 January 2025	0		0		0		0
Charge for the financial period	12,328		1,956		415		14,699
At 31 December 2025	12,328		1,956		415		14,699
Net book value
At 31 December 2025	83,341		44,980		5,397		133,718

4. Stocks

	2025
	£
Stocks	691

5. Debtors

	2025
	£
Trade debtors	25,379
Other debtors	288,183
	313,562

6. Creditors: amounts falling due within one year

	2025
	£
Trade creditors	470,501
Amounts owed to Group undertakings	675,135
Accruals	4,000
Other taxation and social security	4,296
Other creditors	436
	1,154,368

7. Called-up share capital

	2025
	£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 0.01 each	1

During the period, 100 Ordinary shares were issued at £0.01 per share.

8. Related party transactions

Other related party transactions

The Company has taken advantage of the the exemption provided from disclosing transactions with its parent on the grounds that it is a wholly owned subsidiary.

At the year end the company owed £11,723 to an entity under common control. This loan is interest free and repayable on demand.

9. Ultimate controlling party

Parent Company:

Skyford Group Ltd

73 Cornhill London EC3V 3QQ United Kingdom