Skyfarm Leeds Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04707479

SKYFARM LEEDS LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED

30 November 2023

SKYFARM LEEDS LIMITED

STATEMENT OF FINANCIAL POSITION

30 November 2023

	30 Nov 23		30 Jul 22
Note	£	£	£	£

FIXED ASSETS

Intangible assets	5	–	15,000
Tangible assets	6	–	58,259
		----	--------
		–	73,259

CURRENT ASSETS

Stocks		–	26,250
Debtors	7	26,315	66,062
Cash at bank and in hand		633,200	103,075
		---------	---------
		659,515	195,387

CREDITORS: amounts falling due within one year	8	( 89,576)		( 122,602)
		---------		---------
NET CURRENT ASSETS			569,939		72,785
			---------		---------
TOTAL ASSETS LESS CURRENT LIABILITIES			569,939		146,044

CREDITORS: amounts falling due after more than one year	9		–		( 29,752)

PROVISIONS

Taxation including deferred tax	–	( 977)
	---------	---------
NET ASSETS	569,939	115,315
	---------	---------

CAPITAL AND RESERVES

Called up share capital	100	100
Profit and loss account	569,839	115,215
	---------	---------
SHAREHOLDERS FUNDS	569,939	115,315
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

SKYFARM LEEDS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

30 November 2023

For the period ending 30 November 2023 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 financial statements for the period in question in accordance with section 476 ;

- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 26 November 2025 , and are signed on behalf of the board by:

A Mason
Director

Company registration number: 04707479

SKYFARM LEEDS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

PERIOD FROM 31 JULY 2022 TO 30 NOVEMBER 2023

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 20-22 Bridge End, Leeds, West Yorkshire, LS1 4DJ.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover comprises revenue recognised by the company in respect of goods and services supplied, exclusive of Value Added Tax.

Income tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	5% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Property Improvements	-	5% reducing balance
Fixtures and Fittings	-	25% reducing balance
Computer Equipment	-	33% straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the period amounted to 11 (2022: 12 ).

5. INTANGIBLE ASSETS

	Goodwill
	£
Cost
At 31 July 2022	300,000
Additions	–
Disposals	( 300,000)
	---------
At 30 November 2023	–
	---------
Amortisation
At 31 July 2022	285,000
Charge for the period	15,000
Disposals	( 300,000)
	---------
At 30 November 2023	–
	---------
Carrying amount
At 30 November 2023	–
	---------
At 30 July 2022	15,000
	---------

6. TANGIBLE ASSETS

	Land and buildings	Fixtures and fittings	Equipment	Total
	£	£	£	£
Cost
At 31 July 2022	64,630	66,622	8,655	139,907
Disposals	( 64,630)	( 66,622)	( 8,655)	( 139,907)
	--------	--------	-------	---------
At 30 November 2023	–	–	–	–
	--------	--------	-------	---------
Depreciation
At 31 July 2022	12,877	60,782	7,989	81,648
Charge for the period	1,352	156	18	1,526
Disposals	( 14,229)	( 60,938)	( 8,007)	( 83,174)
	--------	--------	-------	---------
At 30 November 2023	–	–	–	–
	--------	--------	-------	---------
Carrying amount
At 30 November 2023	–	–	–	–
	--------	--------	-------	---------
At 30 July 2022	51,753	5,840	666	58,259
	--------	--------	-------	---------

7. DEBTORS

	30 Nov 23	30 Jul 22
	£	£
Trade debtors	–	50,892
Other debtors	26,315	15,170
	--------	--------
	26,315	66,062
	--------	--------

8. CREDITORS: amounts falling due within one year

	30 Nov 23	30 Jul 22
	£	£
Bank loans and overdrafts	27,192	10,648
Trade creditors	9,235	59,188
Corporation tax	19,452	35,878
Social security and other taxes	2,098	–
Other creditors - DLA	26,795	8,281
Other creditors	4,804	8,607
	--------	---------
	89,576	122,602
	--------	---------

9. CREDITORS: amounts falling due after more than one year

	30 Nov 23	30 Jul 22
	£	£
Bank loans and overdrafts	–	29,752
	----	--------