Skyforge Electrical Solutions Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 10809183

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		15,575		19,510

			15,575		19,510
CURRENT ASSETS
Stocks	5	4,797		5,000
Debtors	6	90,514		90,019
Cash at bank and in hand		52,863		57,127

		148,174		152,146
Creditors: Amounts Falling Due Within One Year	7	(98,700 )		(134,238 )

NET CURRENT ASSETS (LIABILITIES)			49,474		17,908

TOTAL ASSETS LESS CURRENT LIABILITIES			65,049		37,418

PROVISIONS FOR LIABILITIES
Deferred Taxation	8		(3,894 )		(9,535 )

NET ASSETS			61,155		27,883

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			61,055		27,783

SHAREHOLDERS' FUNDS			61,155		27,883

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Skyforge Electrical Solutions Ltd

Balance Sheet (continued)

As At 30 June 2026

For the year ending 30 June 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr David Murray

Director

5 October 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Skyforge Electrical Solutions Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10809183 . The registered office is 24 Picton House Hussar Court, Waterlooville, Hampshire, PO7 7SQ.

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

Accounts are rounded to the nearest pound.

The accounts represent the company as an individual entity.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Significant judgements and estimations

In preparing the financial statements in accordance with FRS 102, management is required to make judgements,

estimates, and assumptions that affect the application of accounting policies and the reported amounts of assets,

liabilities, income, and expenses. Actual results may differ from these estimates.

Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are

recognised in the period in which the estimate is revised if the revision affects only that period or in the period of

the revision and future periods if the revision affects both current and future periods.

2.3. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

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.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% straight line
Motor Vehicles	25% reducing balance
Fixtures & Fittings	10% straight line
Computer Equipment	20% straight line

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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Skyforge Electrical Solutions Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2026

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.7. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees during the year was: 7 (2025: 8)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 July 2025	2,932	34,468	1,349	6,182	44,931
Additions	-	-	146	1,809	1,955
Disposals	-	(3,500 )	-	(183 )	(3,683 )

As at 30 June 2026	2,932	30,968	1,495	7,808	43,203

Depreciation
As at 1 July 2025	2,490	17,433	261	5,237	25,421
Provided during the period	442	4,259	140	426	5,267
Disposals	-	(2,877 )	-	(183 )	(3,060 )

As at 30 June 2026	2,932	18,815	401	5,480	27,628

Net Book Value
As at 30 June 2026	-	12,153	1,094	2,328	15,575

As at 1 July 2025	442	17,035	1,088	945	19,510

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Skyforge Electrical Solutions Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2026

5. Stocks

	2026	2025
	£	£
Stock	2,200	-
Work in progress	2,597	5,000

	4,797	5,000

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	84,850	83,171
Other debtors	5,664	6,848

	90,514	90,019

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	27,412	33,982
Other creditors	5,256	37,340
Taxation and social security	66,032	62,916

	98,700	134,238

8. Deferred Taxation

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.

	2026	2025
	£	£
Other timing differences	3,894	9,535

9. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	100	100

10. Directors Advances, Credits and Guarantees

Included within Creditors are the following loans from directors:

	As at 1 July 2025	Amounts advanced	Amounts repaid	Amounts written off	As at 30 June 2026
	£	£	£	£	£
Mr David Murray	(660 )	77,444	77,793	-	(1,010 )

The above loan is unsecured, interest free and repayable on demand.

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