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REGISTERED NUMBER: 02774832 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2023

FOR

SWANSTONE LIMITED

SWANSTONE LIMITED (REGISTERED NUMBER: 02774832)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SWANSTONE LIMITED

COMPANY INFORMATION
for the Year Ended 31st January 2023







DIRECTORS: A J Wright
D I Roberts
Mrs S J Weston





REGISTERED OFFICE: 15 Bridge Road
Wellington
Telford
Shropshire
TF1 1EB





REGISTERED NUMBER: 02774832 (England and Wales)





ACCOUNTANTS: D E Ball & Co Limited
Chartered Accountants
15 Bridge Road
Wellington
Telford
Shropshire
TF1 1EB

SWANSTONE LIMITED (REGISTERED NUMBER: 02774832)

BALANCE SHEET
31st January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,989 15,868

CURRENT ASSETS
Stocks 30,412 37,037
Debtors 5 41,925 98,579
Cash at bank and in hand 86,464 96,370
158,801 231,986
CREDITORS
Amounts falling due within one year 6 102,478 135,777
NET CURRENT ASSETS 56,323 96,209
TOTAL ASSETS LESS CURRENT
LIABILITIES

69,312

112,077

CREDITORS
Amounts falling due after more than one
year

7

36,607

41,607
NET ASSETS 32,705 70,470

CAPITAL AND RESERVES
Called up share capital 42 42
Capital redemption reserve 158 158
Retained earnings 32,505 70,270
SHAREHOLDERS' FUNDS 32,705 70,470

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

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

SWANSTONE LIMITED (REGISTERED NUMBER: 02774832)

BALANCE SHEET - continued
31st January 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 4th October 2023 and were signed on its behalf by:




A J Wright - Director D I Roberts - Director




Mrs S J Weston - Director


SWANSTONE LIMITED (REGISTERED NUMBER: 02774832)

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

1. STATUTORY INFORMATION

Swanstone 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.
Office furniture, equipment and plant - 15% on reducing balance
Motor vehicles - 25% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 4 ) .

SWANSTONE LIMITED (REGISTERED NUMBER: 02774832)

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

4. TANGIBLE FIXED ASSETS
Office
furniture,
equipment Motor
and plant vehicles Totals
£    £    £   
COST
At 1st February 2022
and 31st January 2023 67,571 7,950 75,521
DEPRECIATION
At 1st February 2022 52,675 6,978 59,653
Charge for year 2,636 243 2,879
At 31st January 2023 55,311 7,221 62,532
NET BOOK VALUE
At 31st January 2023 12,260 729 12,989
At 31st January 2022 14,896 972 15,868

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 37,531 93,882
Other debtors 4,394 4,697
41,925 98,579

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans and overdrafts 5,000 5,000
Trade creditors 33,622 41,153
Taxation and social security 47,281 55,839
Other creditors 16,575 33,785
102,478 135,777

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.23 31.1.22
£    £   
Bank loans 36,607 41,607

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 16,607 21,607

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mr I Roberts, Mr A Wright and Mrs S Weston as they co-operate to exercise control.