Accounts Submission
Accounts Submission
SKYFLAME COMMUNICATIONS LTD.
Company Registration Number:
02596886
(England and Wales)
Unaudited statutory accounts for the year ended 31 July 2019
Period of accounts
Start date: 01 August 2018
End date: 31 July 2019
SKYFLAME COMMUNICATIONS LTD.
Contents of the Financial Statements
for the Period Ended 31 July 2019
Company Information - 3 | |
Balance sheet - 4 | |
Additional notes - 6 | |
Balance sheet notes - 7 |
SKYFLAME COMMUNICATIONS LTD.
Company Information
for the Period Ended 31 July 2019
Director: |
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Secretary: |
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Registered office: |
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Company Registration Number: |
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SKYFLAME COMMUNICATIONS LTD.
Balance sheet
As at
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2019 £ |
2018 £ |
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Fixed assets | |||
Tangible assets: | 2 |
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Total fixed assets: |
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Current assets | |||
Stocks: |
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Debtors: | 3 |
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Cash at bank and in hand: |
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Total current assets: |
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Creditors: amounts falling due within one year: | 4 |
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Net current assets (liabilities): |
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Total assets less current liabilities: |
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Provision for liabilities: |
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Total net assets (liabilities): |
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The notes form part of these financial statements
SKYFLAME COMMUNICATIONS LTD.
Balance sheet continued
As at 31 July 2019
Notes |
2019 £ |
2018 £ |
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Capital and reserves | |||
Called up share capital: |
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Profit and loss account: |
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Shareholders funds: |
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This report was approved by the board of directors on
And Signed On Behalf Of The Board By:
Name:
Status: Director
The notes form part of these financial statements
SKYFLAME COMMUNICATIONS LTD.
Notes to the Financial Statements
for the Period Ended 31 July 2019
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1. Accounting policies
Basis of measurement and preparation
These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102 Turnover policy
Turnover comprises in the invoiced value of goods and services supplied by the company, net of Valued Added Tax and trade discounts. Tangible fixed assets depreciation policy
Tangible fixed assets are stated at cost less depreciation.
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:-
Motor vehicles 25% on reducing basis
Office equipment 20% on reducing basisOther accounting policies
Leasing and hire purchase Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets and depreciated over the shorter of the lease term and their expected useful lives. Finance leases those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period. Operating leases Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred. Stocks and work in progress Stock and work in progress are valued at the lower cost and net realisable value after making due allowance for obsolete and slow moving stocks. Deferred taxation Provision is made for taxation deferred as a result of all material timing differences between the incidence of income and expenditure for taxation and accounts purposes using a liability method, only to the extent that, in the opinion of the directors, there is a reasonable probability that a liability or assets will crystallise in the near future. Pensions The company does not operate a defined contribution pension scheme.
SKYFLAME COMMUNICATIONS LTD.
Notes to the Financial Statements
for the Period Ended 31 July 2019
2. Tangible assets
Office equipment | Motor vehicles | Total | |
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Cost | £ | £ | £ |
At 01 August 2018 |
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Additions | - | - | - |
Disposals | - | - | - |
Revaluations | - | - | - |
Transfers | - | - | - |
At 31 July 2019 |
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Depreciation | |||
At 01 August 2018 |
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Charge for year |
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On disposals | - | - | - |
Other adjustments | - | - | - |
At 31 July 2019 |
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Net book value | |||
At 31 July 2019 |
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At 31 July 2018 |
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SKYFLAME COMMUNICATIONS LTD.
Notes to the Financial Statements
for the Period Ended 31 July 2019
3. Debtors
2019 £ |
2018 £ |
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Trade debtors |
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Prepayments and accrued income |
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Other debtors |
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Total |
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SKYFLAME COMMUNICATIONS LTD.
Notes to the Financial Statements
for the Period Ended 31 July 2019
4.Creditors: amounts falling due within one year note
2019 £ |
2018 £ |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Total |
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