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REGISTERED NUMBER: 07330188 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023

FOR

SWAT ACCESS LIMITED

SWAT ACCESS LIMITED (REGISTERED NUMBER: 07330188)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


SWAT ACCESS LIMITED

COMPANY INFORMATION
for the Year Ended 31 January 2023







DIRECTORS: S May
Miss H R Whybro





REGISTERED OFFICE: Vantage House Euxton Lane
Euxton
Chorley
Lancashire
PR7 6TB





REGISTERED NUMBER: 07330188 (England and Wales)





ACCOUNTANTS: Studholme-Bell Limited
Chartered Accountants
& Business Advisors
Vantage House Euxton Lane
Euxton
Chorley
Lancashire
PR7 6TB

SWAT ACCESS LIMITED (REGISTERED NUMBER: 07330188)

ABRIDGED BALANCE SHEET
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 2,148,484 2,149,692

CURRENT ASSETS
Stocks 57,500 57,500
Debtors 375,958 368,213
Cash at bank 106,004 84,950
539,462 510,663
CREDITORS
Amounts falling due within one year 573,410 621,266
NET CURRENT LIABILITIES (33,948 ) (110,603 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,114,536

2,039,089

CREDITORS
Amounts falling due after more than one
year

(886,672

)

(1,076,681

)

PROVISIONS FOR LIABILITIES (431,688 ) (320,813 )
NET ASSETS 796,176 641,595

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 796,075 641,494
SHAREHOLDERS' FUNDS 796,176 641,595

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

SWAT ACCESS LIMITED (REGISTERED NUMBER: 07330188)

ABRIDGED BALANCE SHEET - continued
31 January 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2023 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 and authorised for issue on 12 September 2023 and were signed on its behalf by:





Miss H R Whybro - Director


SWAT ACCESS LIMITED (REGISTERED NUMBER: 07330188)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2023


1. STATUTORY INFORMATION

Swat Access Limited is a private company, limited by shares, registered in England and Wales. The registered office address can be found on the company information page.

2. COMPLIANCE WITH ACCOUNTING STANDARDS

The accounts have been prepared in accordance with the provisions of FRS102 Section 1A small entities. There were no material departures from that standard.

3. ACCOUNTING POLICIES

Accounting policies
The principle accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year/period and have also been consistently applied within the same accounts.

Income recognition
Income is recognised when goods and services have been delivered to customers such that risks and rewards of ownership have transferred to them.

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.
Improvements to property - 10% on cost
Plant and machinery - 20% on reducing balance and 5% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on reducing balance

Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacture / completion.

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans and directors' loans.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.


SWAT ACCESS LIMITED (REGISTERED NUMBER: 07330188)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2023


3. ACCOUNTING POLICIES - continued
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 taxation
Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.

Tax deferred or accelerated is accounted for in respect of all material timing differences.

Hire purchase and leasing commitments
Property, plant and equipment acquired under finance leases or hire purchase contracts are capitalised and depreciated in the same manner as other tangible assets. The related obligations, net of future finance charges, are included in creditors.

Rentals payable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2022 2,684,119
Additions 449,450
Disposals (430,619 )
At 31 January 2023 2,702,950
DEPRECIATION
At 1 February 2022 534,427
Charge for year 117,468
Eliminated on disposal (97,429 )
At 31 January 2023 554,466
NET BOOK VALUE
At 31 January 2023 2,148,484
At 31 January 2022 2,149,692

SWAT ACCESS LIMITED (REGISTERED NUMBER: 07330188)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2023


5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:

Totals
£   
COST
At 1 February 2022 2,315,554
Additions 428,045
Disposals (409,219 )
At 31 January 2023 2,334,380
DEPRECIATION
At 1 February 2022 381,467
Charge for year 100,226
Eliminated on disposal (87,356 )
At 31 January 2023 394,337
NET BOOK VALUE
At 31 January 2023 1,940,043
At 31 January 2022 1,934,087

6. SECURED DEBTS

The following secured debts are included within creditors:

31.1.23 31.1.22
£    £   
Hire purchase contracts and finance leases 1,099,559 1,272,588

Hire purchases liabilities are secured on the assets to which they relate.

7. ULTIMATE CONTROLLING PARTY

The controlling party is S May.