Skybridge Albion Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07628991 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2018

for

Skybridge Albion Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

V Michailovsky

A Stark

O Barannik

O Barannik

REGISTERED OFFICE:

119 The Hub

300 Kensal Road

London

W10 5BE

REGISTERED NUMBER:

07628991 (England and Wales)

ACCOUNTANT:

Hilton Consulting Limited

119 The Hub

300 Kensal Road

London

W10 5BE

FIXED ASSETS

Tangible assets

4

101,286

67,758

CURRENT ASSETS

Debtors

57,434

41,445

Cash at bank and in hand

71,485

38,296

128,919

79,741

CREDITORS

Amounts falling due within one year

42,723

42,609

NET CURRENT ASSETS

86,196

37,132

TOTAL ASSETS LESS CURRENT LIABILITIES

187,482

104,890

CREDITORS

Amounts falling due after more than one year

1,282,726

820,221

NET LIABILITIES

(1,095,244

)

(715,331

)

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

(1,096,244

)

(716,331

)

SHAREHOLDERS' FUNDS

(1,095,244

)

(715,331

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 May 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors on 28 January 2019 and were signed on its behalf by:

V Michailovsky - Director

1.	STATUTORY INFORMATION

Skybridge Albion Limited is a private company, limited by shares , registered in England and Wales. 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The accounts have been prepared on a going concern basis as the company has been given the continued

support of its directors and shareholders. On this basis, the directors consider it appropriate to prepare the

financial statements on a going concern basis. The financial statements do not include any adjustments that

would result from a withdrawal of the directors and shareholders support.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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

-

50% on cost and 25% on cost

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2017 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 June 2017

137,186

Additions

92,351

At 31 May 2018

229,537

DEPRECIATION

At 1 June 2017

69,428

Charge for year

58,823

At 31 May 2018

128,251

NET BOOK VALUE

At 31 May 2018

101,286

At 31 May 2017

67,758