Skysim Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05593932 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2014

for

Skysim Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

S Jones

SECRETARY:

Miss L Muddiman

REGISTERED OFFICE:

REGISTERED NUMBER:

05593932 (England and Wales)

ACCOUNTANTS:

Accounts on Time Ltd

Ground Floor Office

22-24 Oxford Road

Bournemouth

Dorset

BH8 8EZ

CURRENT ASSETS

Stocks

2,055

Cash in hand

2,248

4,303

CREDITORS

Amounts falling due within one year

1,961

NET CURRENT ASSETS

2,342

TOTAL ASSETS LESS CURRENT LIABILITIES

2,342

CREDITORS

Amounts falling due after more than one year

36,869

NET LIABILITIES

(34,527

)

CAPITAL AND RESERVES

Called up share capital

2

100

Other reserves

(34,660

)

Profit and loss account

33

SHAREHOLDERS' FUNDS

(34,527

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 28 August 2015 and were signed by:

S Jones - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in

accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

2.	CALLED UP SHARE CAPITAL