Caseware UK (AP4) 2022.0.179 2022.0.179 2023-01-312023-01-312No description of principal activity2022-02-01false2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11482564 2022-02-01 2023-01-31 11482564 2021-02-01 2022-01-31 11482564 2023-01-31 11482564 2022-01-31 11482564 c:Director1 2022-02-01 2023-01-31 11482564 d:CurrentFinancialInstruments 2023-01-31 11482564 d:CurrentFinancialInstruments 2022-01-31 11482564 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 11482564 d:CurrentFinancialInstruments d:WithinOneYear 2022-01-31 11482564 d:ShareCapital 2023-01-31 11482564 d:ShareCapital 2022-01-31 11482564 d:SharePremium 2023-01-31 11482564 d:SharePremium 2022-01-31 11482564 c:FRS102 2022-02-01 2023-01-31 11482564 c:AuditExempt-NoAccountantsReport 2022-02-01 2023-01-31 11482564 c:FullAccounts 2022-02-01 2023-01-31 11482564 c:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 iso4217:GBP xbrli:pure

Registered number: 11482564









SWIPE LEFT FOR ADDICTION LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2023

 
SWIPE LEFT FOR ADDICTION LIMITED
REGISTERED NUMBER: 11482564

STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2023

2023
2022
Note
£
£

  

Current assets
  

Stocks
 4 
39,852
39,903

Debtors: amounts falling due within one year
 5 
-
1,148

Cash at bank and in hand
 6 
17,125
15,844

  
56,977
56,895

Creditors: amounts falling due within one year
 7 
(6,477)
(6,395)

Net current assets
  
 
 
50,500
 
 
50,500

Total assets less current liabilities
  
50,500
50,500

  

Net assets
  
50,500
50,500


Capital and reserves
  

Called up share capital 
  
5,500
5,500

Share premium account
  
45,000
45,000

  
50,500
50,500


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.
 
Page 1

 
SWIPE LEFT FOR ADDICTION LIMITED
REGISTERED NUMBER: 11482564
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JANUARY 2023


The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 October 2023.



C De Carvalho
Director

The notes on pages 3 to 5 form part of these financial statements.
Page 2

 
SWIPE LEFT FOR ADDICTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1.


General information

Swipe Left for Addiction Limited is a private company limited by shares and registered in England & Wales.  The address of its registered office is Suite 3, 38 Stratford Road, London, W8 6QA.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue comprises distribution revenue receivable and is recognised in the Statement of Income and Retained Earnings in the period it is contractually due.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Taxation

Tax is recognised in the Statement of Income and Retained Earnings. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.
The Company is eligible to claim a tax credit on film production costs; the tax credit comprises relief based on total net costs and an additional deduction for enhanceable expenditure. The Company claims a payment based on the amount of enhanced expenditure and carries losses arising from total net costs forward against future profits.

 
2.5

Stocks

Stocks comprise film production costs, which are recorded as a current asset. Film production costs are amortised to the Statement of Income and Retained Earnings over the period in which rights to the relevant production are being exploited by the Company.

 
2.6

Debtors

Short term debtors are measured at the transaction price, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Page 3

 
SWIPE LEFT FOR ADDICTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)

 
2.8

Creditors

Short term creditors are measured at the transaction price, less any impairment.

 
2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Stocks

2023
2022
£
£

Production costs
39,852
39,903

39,852
39,903



5.


Debtors

2023
2022
£
£


Other debtors
-
1,148

-
1,148



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
17,125
15,844

17,125
15,844


Page 4

 
SWIPE LEFT FOR ADDICTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
2,100
-

Other taxation and social security
2,081
1,895

Other creditors
296
-

Accruals and deferred income
2,000
4,500

6,477
6,395


Page 5