Skye Communications Limited
Skye Communications Limited
Registered number: 08934321
Reports and Unaudited Financial Statements
For The Year Ended 31 August 2016
Chandler Tuck Limited
Chartered Accountants
1st Floor
30 North Street
Ashford
Kent
TN24 8JR
Skye Communications Limited
Unaudited Accounts
For The Year Ended 31 August 2016
Unaudited Accounts
| Contents | |
| Page | |
|---|---|
| Company Information | 1 |
| Director's Report | 2 |
| Accountant's Report | 3 |
| Profit and Loss Account | 4 |
| Balance Sheet | 5 |
| The following pages do not form part of the statutory accounts: | |
| Detailed Profit and Loss Account | 6 |
Skye Communications Limited
Company Information
For The Year Ended 31 August 2016
Company Information
| Director |
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| Company Number |
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| Registered Office | Unit 15 & 16 Pullan Way |
| Morley | |
| Leeds | |
| Yorkshire | |
| LS27 0BZ | |
| Accountants |
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| Chartered Accountants | |
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| 30 North Street | |
| Ashford | |
| Kent | |
| TN24 8JR | |
Page 1
Skye Communications Limited
Company No. 08934321
Director's Report For The Year Ended 31 August 2016
Director's Report
The director presents his report and the financial statements for the year ended 31 August 2016 .
Statement of Director's Responsibilities
The director is responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the director is required to:
- select suitable accounting policies and then apply them consistently;
- make judgments and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
Principal Activity
The company's principal activity continues to be that of telecommunications consultants.
Directors
The directors who held office during the year were as follows:
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Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
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Page 2
Skye Communications Limited
Accountant's Report
For The Year Ended 31 August 2016
Accountant's Report
In accordance with the engagement letter dated 24 August 2015, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.
This report is made to the Company's Board of Directors, as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the Company's Board of Directors that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's Board of Directors, as a body, for our work or for this report.
We have carried out this engagement in accordance with technical guidance issued by the Institute of Chartered Accountants in England and Wales and have complied with the ethical guidance laid down by the Institute relating to members undertaking the compilation of financial statements.
You have acknowledged on the balance sheet as at year ended 31 August 2016 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements
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Chartered Accountants
1st Floor
30 North Street
Ashford
Kent
TN24 8JR
Page 3
Skye Communications Limited
Profit and Loss Account
For The Year Ended 31 August 2016
Profit and Loss Account
| 31 August 2016 | Period to 31 August 2015 | |||
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| £ | £ | |||
| TURNOVER |
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| Other income |
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| Cost of raw materials and consumables |
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| Staff costs |
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| Other charges |
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| PROFIT/(LOSS) BEFORE TAXATION |
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| Tax |
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| NET PROFIT/(LOSS) |
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Page 4
Skye Communications Limited
Balance Sheet
As at
31 August 2016
Balance Sheet
| 31 August 2016 | Period to 31 August 2015 | ||
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| £ | £ | ||
| Current assets |
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| Creditors: Amounts Falling Due Within One Year |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| Accruals and deferred income |
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| NET ASSETS |
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| CAPITAL AND RESERVES |
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Notes
2.
General Information
Skye Communications Limited Registered number 08934321 is a limited by shares company incorporated in England & Wales. The Registered Office is Unit 15 & 16 Pullan Way, Morley, Leeds, Yorkshire, LS27 0BZ.
Director's responsibilities
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The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These accounts have been prepared in accordance with the micro-entity provisions in the Companies Act 2006, Pt. 15 and FRS 105 the Financial Reporting Standard applicable to the Micro-entities Regime.
On behalf of the board
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Page 5
Skye Communications Limited
Detailed Profit and Loss Account
For The Year Ended 31 August 2016
Detailed Profit and Loss Account
| 31 August 2016 | Period to 31 August 2015 | |||
|---|---|---|---|---|
| £ | £ | £ | £ | |
| TURNOVER | ||||
| Commission | 13,195 | 6,222 | ||
| OTHER INCOME | ||||
| Other operating income | 18,000 | - | ||
| COST OF RAW MATERIALS AND CONSUMABLES | ||||
| Purchases | - | 300 | ||
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| STAFF COSTS | ||||
| Cost of sales: | ||||
| Commissions payable | 728 | 105 | ||
| Administration: | ||||
| Directors' salaries | - | 5,200 | ||
| Travel expenses | 2,625 | - | ||
| 2,625 | 5,200 | |||
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| OTHER CHARGES | ||||
| Computer and IT consumables | 149 | - | ||
| Advertising and marketing costs | 150 | - | ||
| Accountancy fees | 278 | 240 | ||
| Management fees | 30,666 | - | ||
| Bank charges | 100 | 31 | ||
| Entertaining | 100 | - | ||
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| PROFIT/(LOSS) BEFORE TAXATION |
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| TAX | ||||
| Corporation tax charge |
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| NET PROFIT/(LOSS) |
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Page 6