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REGISTERED NUMBER: 04537368 (England and Wales)















Swerve Concepts Limited

Financial Statements for the Year Ended 31st October 2023






Swerve Concepts Limited (Registered number: 04537368)

Contents of the Financial Statements
for the Year Ended 31st October 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Swerve Concepts Limited

Company Information
for the Year Ended 31st October 2023







DIRECTORS: J J Baines
M Brear





REGISTERED OFFICE: The Engine House
77 Station Road
Petersfield
Hampshire
GU32 3FQ





BUSINESS ADDRESS: Unit 2C
The Plough Brewery
516 Wandsworth Road
London
SW8 3JX





REGISTERED NUMBER: 04537368 (England and Wales)





ACCOUNTANTS: Sheen Stickland
Chartered Accountants
The Engine House
77 Station Road
Petersfield
Hampshire
GU32 3FQ

Swerve Concepts Limited (Registered number: 04537368)

Balance Sheet
31st October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,522 2,769

CURRENT ASSETS
Debtors 5 11,635 15,475
Investments 6 6 6
Cash at bank 31,944 48,656
43,585 64,137
CREDITORS
Amounts falling due within one year 7 26,031 40,512
NET CURRENT ASSETS 17,554 23,625
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,076

26,394

PROVISIONS FOR LIABILITIES 325 526
NET ASSETS 18,751 25,868

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 18,651 25,768
18,751 25,868

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

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

Swerve Concepts Limited (Registered number: 04537368)

Balance Sheet - continued
31st October 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 16th November 2023 and were signed on its behalf by:




J J Baines - Director



M Brear - Director


Swerve Concepts Limited (Registered number: 04537368)

Notes to the Financial Statements
for the Year Ended 31st October 2023


1. STATUTORY INFORMATION

Swerve Concepts 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 represents net invoiced sales of services, excluding value added tax.

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 - 33% on cost and 15% on reducing balance

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.

Swerve Concepts Limited (Registered number: 04537368)

Notes to the Financial Statements - continued
for the Year Ended 31st October 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st November 2022
and 31st October 2023 9,402
DEPRECIATION
At 1st November 2022 6,633
Charge for year 1,247
At 31st October 2023 7,880
NET BOOK VALUE
At 31st October 2023 1,522
At 31st October 2022 2,769

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 7,230 11,070
Other debtors 4,405 4,405
11,635 15,475

6. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Unlisted investments 6 6

The unlisted investments are stated at cost as this, in the opinion of the directors, is not materially different to the market value.

Swerve Concepts Limited (Registered number: 04537368)

Notes to the Financial Statements - continued
for the Year Ended 31st October 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 23,554 38,199
Other creditors 2,477 2,313
26,031 40,512