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REGISTERED NUMBER: SC587691 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2022

FOR

SWANZY ENGINEERING LIMITED

SWANZY ENGINEERING LIMITED (REGISTERED NUMBER: SC587691)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SWANZY ENGINEERING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2022







DIRECTOR: D J Sives





REGISTERED OFFICE: Auchenzeoch Steading
Fordoun
Laurencekirk
AB30 1SA





REGISTERED NUMBER: SC587691 (Scotland)





ACCOUNTANTS: Fyfe Moir & Associates
1st Floor, 5 Abercrombie Crt
Prospect Road,
Westhill
Aberdeenshire
Grampian
AB32 6FE

SWANZY ENGINEERING LIMITED (REGISTERED NUMBER: SC587691)

BALANCE SHEET
28 FEBRUARY 2022

28.2.22 28.2.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,113 20,283

CURRENT ASSETS
Debtors 5 30,591 29,805
Cash at bank 272,205 190,304
302,796 220,109
CREDITORS
Amounts falling due within one year 6 39,383 33,212
NET CURRENT ASSETS 263,413 186,897
TOTAL ASSETS LESS CURRENT
LIABILITIES

274,526

207,180

PROVISIONS FOR LIABILITIES 7 2,111 3,854
NET ASSETS 272,415 203,326

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 272,315 203,226
SHAREHOLDERS' FUNDS 272,415 203,326

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2022 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.

SWANZY ENGINEERING LIMITED (REGISTERED NUMBER: SC587691)

BALANCE SHEET - continued
28 FEBRUARY 2022


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 31 August 2022 and were signed by:





D J Sives - Director


SWANZY ENGINEERING LIMITED (REGISTERED NUMBER: SC587691)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2022

1. STATUTORY INFORMATION

Swanzy Engineering 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.

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.
Motor vehicles - 25% on cost
Computer equipment - 15% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

SWANZY ENGINEERING LIMITED (REGISTERED NUMBER: SC587691)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2022

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 March 2021
and 28 February 2022 34,826 3,057 37,883
DEPRECIATION
At 1 March 2021 16,818 782 17,600
Charge for year 8,707 463 9,170
At 28 February 2022 25,525 1,245 26,770
NET BOOK VALUE
At 28 February 2022 9,301 1,812 11,113
At 28 February 2021 18,008 2,275 20,283

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.22 28.2.21
£    £   
Trade debtors 15,741 16,380
Prepayments and accrued income 14,850 13,425
30,591 29,805

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.22 28.2.21
£    £   
Trade creditors 732 292
Tax 28,123 24,672
Social security and other taxes 957 -
VAT 6,418 5,428
Directors' current accounts 3,153 2,820
39,383 33,212

7. PROVISIONS FOR LIABILITIES
28.2.22 28.2.21
£    £   
Deferred tax 2,111 3,854

SWANZY ENGINEERING LIMITED (REGISTERED NUMBER: SC587691)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2022

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 March 2021 3,854
Movement during the year (1,743 )
Balance at 28 February 2022 2,111