EG SWINGLER & SONS LTD

Company Registration Number:
10780868 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2023

Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

EG SWINGLER & SONS LTD

Contents of the Financial Statements

for the Period Ended 31 March 2023

Balance sheet
Notes

EG SWINGLER & SONS LTD

Balance sheet

As at 31 March 2023


Notes

2023

2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets: 3 80,000 90,000
Tangible assets: 4 264,391 127,960
Investments:   0 0
Total fixed assets: 344,391 217,960
Current assets
Stocks: 0 0
Debtors:   93,530 68,517
Cash at bank and in hand: 152,715 185,856
Investments:   0 0
Total current assets: 246,245 254,373
Creditors: amounts falling due within one year: 5 (215,016) (327,282)
Net current assets (liabilities): 31,229 (72,909)
Total assets less current liabilities: 375,620 145,051
Creditors: amounts falling due after more than one year: 6 (54,812) 0
Provision for liabilities: 0 0
Total net assets (liabilities): 320,808 145,051
Capital and reserves
Called up share capital: 300 300
Share premium account: 0 0
Revaluation reserve: 00
Other reserves: 0 0
Profit and loss account: 320,508 144,751
Shareholders funds: 320,808 145,051

The notes form part of these financial statements

EG SWINGLER & SONS LTD

Balance sheet statements

For the year ending 31 March 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 25 April 2023
and signed on behalf of the board by:

Name: Mr R G Swingler
Status: Director

The notes form part of these financial statements

EG SWINGLER & SONS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

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 and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful lifePlant and Machinery 10% Reducing Balance

Intangible fixed assets and amortisation policy

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Other accounting policies

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.Timimg 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 loss 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.Hire Purchase and leasing commitmentsRentals paid under operating leases are charged to profit and loss on a straight line basis over the period of the lease.

EG SWINGLER & SONS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

2. Employees

2023 2022
Average number of employees during the period 7 7

EG SWINGLER & SONS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Intangible Assets

Total
Cost £
At 01 April 2022 100,000
Additions 0
Disposals 0
Revaluations 0
Transfers 0
At 31 March 2023 100,000
Amortisation
At 01 April 2022 10,000
Charge for year 10,000
On disposals 0
Other adjustments 0
At 31 March 2023 20,000
Net book value
At 31 March 2023 80,000
At 31 March 2022 90,000

EG SWINGLER & SONS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Tangible Assets

Total
Cost £
At 01 April 2022 137,989
Additions 160,455
Disposals (2,000)
Revaluations 0
Transfers 0
At 31 March 2023 296,444
Depreciation
At 01 April 2022 10,029
Charge for year 22,224
On disposals (200)
Other adjustments 0
At 31 March 2023 32,053
Net book value
At 31 March 2023 264,391
At 31 March 2022 127,960

EG SWINGLER & SONS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

5. Creditors: amounts falling due within one year note

2023 2022Bank Loans and overdrafts - 50,523Hire Purchase Contracts 36,781 35,278Trade Creditors 138,982 58,376 Taxation and Social Security 18,759 14,181 Other Creditors 20,494 168,924Total 215,016 327,282

EG SWINGLER & SONS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

6. Creditors: amounts falling due after more than one year note

Hire Purchase Contracts £54,812 (2023) £-.-- (2022)