Skyminers Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 08928636 (England and Wales)

SKYMINERS LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

5

Chartered Accountants' Report

6

DIRECTOR:

Mr R S Curtis

REGISTERED OFFICE:

The Gables

Bishop Meadow Road

Loughborough

Leicestershire

LE11 5RE

BUSINESS ADDRESS:

10 Rushcliffe Grove

East Leake

Loughborough

Leicestershire

LE12 6JN

REGISTERED NUMBER:

08928636 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

The Gables

Bishop Meadow Road

Loughborough

Leicestershire

LE11 5RE

FIXED ASSETS

Tangible assets

2

16,875

18,567

CURRENT ASSETS

Debtors

37,873

28,869

Cash at bank

57,541

25,028

95,414

53,897

CREDITORS

Amounts falling due within one year

3

94,807

56,717

NET CURRENT ASSETS/(LIABILITIES)

607

(2,820

)

TOTAL ASSETS LESS CURRENT LIABILITIES

17,482

15,747

CREDITORS

Amounts falling due after more than one
year

3

(2,652

)

(7,317

)

PROVISIONS FOR LIABILITIES

(3,375

)

(3,713

)

NET ASSETS

11,455

4,717

CAPITAL AND RESERVES

Called up share capital

4

10

Profit and loss account

11,445

4,707

SHAREHOLDERS' FUNDS

11,455

4,717

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 30 December 2016 and were signed by:

Mr R S Curtis - 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 January 2015).

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery 25% Reducing balance basis

Motor Vehicles 25% Reducing balance basis

Deferred tax

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

balance sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and

depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are

included in creditors net of the finance charge allocated to future periods. The finance element of the rental

payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the

net obligation outstanding in each period.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

24,757

Additions

3,934

At 31 March 2016

28,691

DEPRECIATION

At 1 April 2015

6,190

Charge for year

5,626

At 31 March 2016

11,816

NET BOOK VALUE

At 31 March 2016

16,875

At 31 March 2015

18,567

3.

CREDITORS

Creditors include an amount of £ 7,317 (2015 - £ 11,982 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

10

Ordinary

£1

10

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five) have

been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Skyminers Limited for the year ended 31 March 2016 which comprise the Profit and Loss

Account, the Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Skyminers Limited in accordance with the terms of our engagement letter dated 3 December 2015. Our work has been undertaken solely to prepare for your approval the financial statements of Skyminers Limited and state those matters that we have agreed to state to the director of Skyminers Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Skyminers Limited director for our work or for this report.

It is your duty to ensure that Skyminers Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Skyminers Limited. You consider that Skyminers Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Skyminers Limited. 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 statutory financial statements.

Duncan & Toplis Limited

The Gables

Bishop Meadow Road

Loughborough

Leicestershire

LE11 5RE

30 December 2016