Blessed Skye limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC586566 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2020

FOR

BLESSED SKYE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

M Dawson

REGISTERED OFFICE:

F C Manse Lower Harrapool

Broadford

Isle of Skye

IV49 9AE

REGISTERED NUMBER:

SC586566 (Scotland)

ACCOUNTANTS:

Green & Co

The Coach House

7 Sun Street

Sawbridgeworth

Hertfordshire

CM21 9PU

FIXED ASSETS

Tangible assets

4

645,844

297,967

CURRENT ASSETS

Debtors

5

56,591

-

Cash at bank and in hand

62,987

100

119,578

100

CREDITORS

Amounts falling due within one year

6

769,398

299,124

NET CURRENT LIABILITIES

(649,820

)

(299,024

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(3,976

)

(1,057

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(4,076

)

(1,157

)

SHAREHOLDERS' FUNDS

(3,976

)

(1,057

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 September 2020 and were signed by:

M Dawson - Director

1.	STATUTORY INFORMATION

Blessed Skye limited is a private company, limited by shares , registered in Scotland. The company's registered

number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

15% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the

extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 February 2019

295,969

2,350

298,319

Additions

348,177

-

348,177

At 31 January 2020

644,146

2,350

646,496

DEPRECIATION

At 1 February 2019

-

352

352

Charge for year

-

300

300

At 31 January 2020

-

652

652

NET BOOK VALUE

At 31 January 2020

644,146

1,698

645,844

At 31 January 2019

295,969

1,998

297,967

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.20

31.1.19

£

£

Other debtors

56,591

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.20

31.1.19

£

£

Other creditors

769,398

299,124

7.	RELATED PARTY DISCLOSURES