IRIS Accounts Production v23.3.0.418 03796870 director 1.3.22 28.2.23 28.2.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh037968702022-02-28037968702023-02-28037968702022-03-012023-02-28037968702021-02-28037968702021-03-012022-02-28037968702022-02-2803796870ns10:Originalns15:EnglandWales2022-03-012023-02-2803796870ns14:PoundSterlingns10:Original2022-03-012023-02-2803796870ns10:Originalns10:Director12022-03-012023-02-2803796870ns10:Original2022-03-012023-02-2803796870ns10:Original2023-02-2803796870ns10:Originalns10:PrivateLimitedCompanyLtd2022-03-012023-02-2803796870ns10:Originalns10:SmallEntities2022-03-012023-02-2803796870ns10:Originalns10:AuditExempt-NoAccountantsReport2022-03-012023-02-2803796870ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-03-012023-02-2803796870ns10:SmallCompaniesRegimeForAccountsns10:Original2022-03-012023-02-2803796870ns10:Originalns10:FullAccounts2022-03-012023-02-2803796870ns10:CompanySecretary1ns10:Original2022-03-012023-02-2803796870ns10:Originalns10:RegisteredOffice2022-03-012023-02-2803796870ns10:Original2022-02-2803796870ns10:Originalns5:CurrentFinancialInstruments2023-02-2803796870ns10:Originalns5:CurrentFinancialInstruments2022-02-2803796870ns10:Originalns5:Non-currentFinancialInstruments2023-02-2803796870ns10:Originalns5:Non-currentFinancialInstruments2022-02-2803796870ns5:ShareCapitalns10:Original2023-02-2803796870ns5:ShareCapitalns10:Original2022-02-2803796870ns10:Originalns5:RevaluationReserve2023-02-2803796870ns10:Originalns5:RevaluationReserve2022-02-2803796870ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-02-2803796870ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-02-2803796870ns10:Originalns5:PlantMachinery2022-03-012023-02-2803796870ns10:Original2021-03-012022-02-2803796870ns10:Originalns5:LandBuildings2022-02-2803796870ns10:Originalns5:PlantMachinery2022-02-2803796870ns10:Original2022-02-2803796870ns10:Originalns5:LandBuildings2022-03-012023-02-2803796870ns10:Originalns5:LandBuildings2023-02-2803796870ns10:Originalns5:PlantMachinery2023-02-2803796870ns10:Originalns5:LandBuildings2022-02-2803796870ns10:Originalns5:PlantMachinery2022-02-2803796870ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-2803796870ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-02-2803796870ns10:Originalns5:RevaluationReserve2022-02-28
REGISTERED NUMBER: 03796870 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

SWG EVENTS LTD

SWG EVENTS LTD (REGISTERED NUMBER: 03796870)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SWG EVENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTOR: A Pook





SECRETARY: Mrs K Clare





REGISTERED OFFICE: Vine House
Northwick Road
Pilning
Bristol
Avon
BS35 4HA





REGISTERED NUMBER: 03796870 (England and Wales)





ACCOUNTANTS: Tayler Bradshaw
Cambridge House
16 High Street
Saffron Walden
Essex
CB10 1AX

SWG EVENTS LTD (REGISTERED NUMBER: 03796870)

BALANCE SHEET
28 FEBRUARY 2023

28/2/23 28/2/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,592,632 1,742,028

CURRENT ASSETS
Stocks 4,500 4,500
Debtors 5 93,343 100,816
Cash at bank 186,521 477,081
284,364 582,397
CREDITORS
Amounts falling due within one year 6 138,953 220,711
NET CURRENT ASSETS 145,411 361,686
TOTAL ASSETS LESS CURRENT LIABILITIES 1,738,043 2,103,714

CREDITORS
Amounts falling due after more than one
year

7

346,379

670,833
NET ASSETS 1,391,664 1,432,881

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 8 741,519 741,519
Retained earnings 650,143 691,360
SHAREHOLDERS' FUNDS 1,391,664 1,432,881

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

SWG EVENTS LTD (REGISTERED NUMBER: 03796870)

BALANCE SHEET - continued
28 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 November 2023 and were signed by:





A Pook - Director


SWG EVENTS LTD (REGISTERED NUMBER: 03796870)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. STATUTORY INFORMATION

SWG Events Ltd 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.
Plant and machinery etc - 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 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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 8 ) .

SWG EVENTS LTD (REGISTERED NUMBER: 03796870)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2022 36,214 1,977,243 2,013,457
Additions - 274,222 274,222
Disposals - (196,245 ) (196,245 )
At 28 February 2023 36,214 2,055,220 2,091,434
DEPRECIATION
At 1 March 2022 - 271,429 271,429
Charge for year - 257,305 257,305
Eliminated on disposal - (29,932 ) (29,932 )
At 28 February 2023 - 498,802 498,802
NET BOOK VALUE
At 28 February 2023 36,214 1,556,418 1,592,632
At 28 February 2022 36,214 1,705,814 1,742,028

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/23 28/2/22
£    £   
Trade debtors 79,336 88,080
Other debtors 14,007 12,736
93,343 100,816

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/23 28/2/22
£    £   
Hire purchase contracts 16,953 52,415
Trade creditors 37,055 52,302
Taxation and social security 6,247 4,905
Other creditors 78,698 111,089
138,953 220,711

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
28/2/23 28/2/22
£    £   
Hire purchase contracts 55,501 -
Other creditors 290,878 670,833
346,379 670,833

SWG EVENTS LTD (REGISTERED NUMBER: 03796870)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

8. RESERVES
Revaluation
reserve
£   
At 1 March 2022
and 28 February 2023 741,519