| iSky Unmanned Systems Ltd |
| Registered number: |
08754982 |
| Abbreviated Balance Sheet |
| as at 31 October 2014 |
|
| Notes |
|
|
2014 |
|
| £ |
|
| Fixed assets |
| Intangible assets |
2 |
|
|
640 |
| Tangible assets |
3 |
|
|
5,980 |
|
|
|
|
6,620 |
|
|
| Current assets |
| Debtors |
|
|
784 |
| Cash at bank and in hand |
|
|
(1,673) |
|
|
|
(889) |
|
|
|
| Creditors: amounts falling due within one year |
|
|
(11,328) |
|
| Net current liabilities |
|
|
|
(12,217) |
|
|
| Net liabilities |
|
|
|
(5,597) |
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
4 |
|
|
2 |
| Profit and loss account |
|
|
|
(5,599) |
|
| Shareholders' funds |
|
|
|
(5,597) |
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| Mark Armistead |
| Director |
| Approved by the board on 26 March 2015 |
|
| iSky Unmanned Systems Ltd |
| Notes to the Abbreviated Accounts |
| for the period ended 31 October 2014 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
20% reducing balance |
|
|
Going Concern |
|
As at the balance sheet date the company's liabilities exceeded its assets. The company has received assurances from the director that he will continue to give financial support to the company for twelve months from the date of signing these financial statements. On this basis, the director considers it appropriate to prepare these accounts on a going concern basis. |
|
|
| 2 |
Intangible fixed assets |
£ |
|
|
Cost |
|
Additions |
800 |
|
At 31 October 2014 |
800 |
|
|
|
|
|
|
|
|
Amortisation |
|
Provided during the period |
160 |
|
At 31 October 2014 |
160 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 October 2014 |
640 |
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
£ |
|
|
Cost |
|
Additions |
8,808 |
|
Disposals |
(1,333) |
|
At 31 October 2014 |
7,475 |
|
|
|
|
|
|
|
|
Depreciation |
|
Charge for the period |
1,762 |
|
On disposals |
(267) |
|
At 31 October 2014 |
1,495 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 October 2014 |
5,980 |
|
|
|
|
|
|
|
|
| 4 |
Share capital |
Nominal |
|
2014 |
|
2014 |
|
| value |
Number |
£ |
|
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
2 |
|
2 |
|
|
|
|
|
|
|
|
| Nominal |
Number |
Amount |
| value |
£ |
|
Shares issued during the period: |
|
Ordinary shares |
£1 each |
|
2 |
|
2 |
|
|
|
|
|
|
|
