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REGISTERED NUMBER: 01339651 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 1 February 2023

for

J & M Swindley Limited

J & M Swindley Limited (Registered number: 01339651)






Contents of the Financial Statements
for the Year Ended 1 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J & M Swindley Limited

Company Information
for the Year Ended 1 February 2023







DIRECTORS: Mrs M L Swindley
J R Swindley





SECRETARY: Mrs M L Swindley





REGISTERED OFFICE: White House Hotel
Wellington Road
Muxton
Telford
Shropshire
TF2 8NG





REGISTERED NUMBER: 01339651 (England and Wales)





ACCOUNTANTS: Tranter Lowe (Oakengates) Limited
Chartered Accountants
International House
6 Market Street
Oakengates
Telford
Shropshire
TF2 6EF

J & M Swindley Limited (Registered number: 01339651)

Balance Sheet
1 February 2023

1.2.23 1.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 682,426 685,472

CURRENT ASSETS
Stocks 16,500 15,000
Debtors 5 8,760 14,590
Cash at bank and in hand 131,202 111,552
156,462 141,142
CREDITORS
Amounts falling due within one year 6 96,418 73,095
NET CURRENT ASSETS 60,044 68,047
TOTAL ASSETS LESS CURRENT
LIABILITIES

742,470

753,519

CREDITORS
Amounts falling due after more than one
year

7

24,099

33,333
NET ASSETS 718,371 720,186

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 717,371 719,186
SHAREHOLDERS' FUNDS 718,371 720,186

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 1 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 1 February 2023 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.

J & M Swindley Limited (Registered number: 01339651)

Balance Sheet - continued
1 February 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 September 2023 and were signed on its behalf by:





J R Swindley - Director


J & M Swindley Limited (Registered number: 01339651)

Notes to the Financial Statements
for the Year Ended 1 February 2023

1. STATUTORY INFORMATION

J & M Swindley 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 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.
Freehold property - not provided
Computer equipment - 50% on reducing balance
Fixtures and fittings - 10% on reducing balance
Fire safety - 10% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Freehold property
Contrary to SSAP 12, depreciation has not been provided in respect of freehold property because the directors consider that the company's policy of maintaining the property to a high standard of repair means that the market value is consistently in excess of the historical cost carrying value.

J & M Swindley Limited (Registered number: 01339651)

Notes to the Financial Statements - continued
for the Year Ended 1 February 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2022 - 25 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Computer and Fire
property equipment fittings safety Totals
£    £    £    £    £   
COST
At 2 February 2022 640,383 13,685 181,755 10,000 845,823
Additions - 208 1,733 - 1,941
Disposals - (11,905 ) - - (11,905 )
At 1 February 2023 640,383 1,988 183,488 10,000 835,859
DEPRECIATION
At 2 February 2022 - 13,077 139,447 7,827 160,351
Charge for year - 366 4,404 217 4,987
Eliminated on disposal - (11,905 ) - - (11,905 )
At 1 February 2023 - 1,538 143,851 8,044 153,433
NET BOOK VALUE
At 1 February 2023 640,383 450 39,637 1,956 682,426
At 1 February 2022 640,383 608 42,308 2,173 685,472

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
1.2.23 1.2.22
£    £   
Trade debtors - 1,793
VAT - 5,941
Prepayments 8,760 6,856
8,760 14,590

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
1.2.23 1.2.22
£    £   
Bank loans and overdrafts 9,928 10,000
Trade creditors 19,268 18,885
Tax 42 1
Social security and other taxes 4,925 4,655
VAT 19,878 -
Other creditors 4,498 3,872
Directors' current accounts 29,330 29,330
Accrued expenses 8,549 6,352
96,418 73,095

J & M Swindley Limited (Registered number: 01339651)

Notes to the Financial Statements - continued
for the Year Ended 1 February 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
1.2.23 1.2.22
£    £   
Bank loans - 1-2 years 10,168 10,000
Bank Loan 2-5 years 13,931 23,333
24,099 33,333

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 1.2.23 1.2.22
value: £    £   
1,000 Ordinary £1 1,000 1,000