IRIS Accounts Production v23.3.1.45 11803419 director 1.3.22 28.2.23 28.2.23 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh118034192022-02-28118034192023-02-28118034192022-03-012023-02-28118034192021-02-28118034192021-03-012022-02-28118034192022-02-2811803419ns10:Originalns15:EnglandWales2022-03-012023-02-2811803419ns14:PoundSterlingns10:Original2022-03-012023-02-2811803419ns10:Originalns10:Director12022-03-012023-02-2811803419ns10:Original2022-03-012023-02-2811803419ns10:Original2023-02-2811803419ns10:Originalns10:PrivateLimitedCompanyLtd2022-03-012023-02-2811803419ns10:Originalns10:SmallEntities2022-03-012023-02-2811803419ns10:Originalns10:AuditExempt-NoAccountantsReport2022-03-012023-02-2811803419ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-03-012023-02-2811803419ns10:SmallCompaniesRegimeForAccountsns10:Original2022-03-012023-02-2811803419ns10:Originalns10:FullAccounts2022-03-012023-02-2811803419ns10:Original2022-02-2811803419ns10:Originalns5:CurrentFinancialInstruments2023-02-2811803419ns10:Originalns5:CurrentFinancialInstruments2022-02-2811803419ns5:ShareCapitalns10:Original2023-02-2811803419ns5:ShareCapitalns10:Original2022-02-2811803419ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-02-2811803419ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-02-2811803419ns10:Originalns10:RegisteredOffice2022-03-012023-02-2811803419ns10:Original2021-03-012022-02-2811803419ns10:Originalns5:PlantMachinery2022-02-2811803419ns10:Originalns5:PlantMachinery2022-03-012023-02-2811803419ns10:Originalns5:PlantMachinery2023-02-2811803419ns10:Originalns5:PlantMachinery2022-02-2811803419ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-2811803419ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-02-2811803419ns10:Original1ns10:Director12022-02-2811803419ns10:Original1ns10:Director12021-02-2811803419ns10:Original1ns10:Director12022-03-012023-02-2811803419ns10:Original1ns10:Director12021-03-012022-02-2811803419ns10:Original1ns10:Director12023-02-2811803419ns10:Original1ns10:Director12022-02-28
REGISTERED NUMBER: 11803419 (England and Wales)









Unaudited Financial Statements

for the Year Ended

28 February 2023

for

Schwind Consulting Ltd

Schwind Consulting Ltd (Registered number: 11803419)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2


Schwind Consulting Ltd (Registered number: 11803419)

Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 893

CURRENT ASSETS
Debtors 5 1,471 129
Cash at bank 20,092 30,684
21,563 30,813
CREDITORS
Amounts falling due within one year 6 37 2,573
NET CURRENT ASSETS 21,526 28,240
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,526

29,133

PROVISIONS FOR LIABILITIES - 169
NET ASSETS 21,526 28,964

CAPITAL AND RESERVES
Called up share capital 7 10 10
Retained earnings 21,516 28,954
21,526 28,964

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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 November 2023 and were signed by:



J C Schwind - Director


Schwind Consulting Ltd (Registered number: 11803419)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Schwind Consulting Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11803419

Registered office: 23 Tredgold Avenue
Bramhope
Leeds
LS16 9BS

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 UK and Republic of Ireland" and the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to give a true and fair view.

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 and value added tax.

Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable.

Tangible fixed assets
Tangible fixed assets are stated at purchase cost together with any incidental expenses of acquisition, net of depreciation and any provision for impairment.

Depreciation is provided on all tangible assets at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life as follows:


Plant and machinery- 25% on reducing balance
Fixtures and fittings- 25% on reducing balance
Computer equipment- 33% on cost


Residual value represents the estimated amount which would currently be obtained from disposal of an asset after deducting estimated costs of disposal, if the asset were already at an age and in the condition expected at the end of its estimated useful life.

The need for any fixed asset impairment write down is assessed by comparison of the carrying value of the assets against the higher of realisable value and value in use.

The gain or loss arising on the disposal of an asset is determined on the difference between the sale proceeds and the carrying value of the asset, and is recognised in the profit and loss account.

Government grants
Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

Schwind Consulting Ltd (Registered number: 11803419)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

2. ACCOUNTING POLICIES - continued

Taxation
Current tax, including UK corporation tax is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events that result in an obligation to pay more tax in the future or a right to pay less tax in the future have occurred at the balance sheet date. Timing differences are differences between the company's taxable profits and its results as stated in the financial statements that arise from the inclusion of gains and losses in tax assessments in periods different from those in which they are recognised in the financial statements. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date and are expected to apply to the reversal of the timing difference.

Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an Annual General Meeting.

Financial instruments
Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

All financial assets and liabilities are initially measured at transaction price (including transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

The following assets and liabilities are classified as basic financial instruments and are measured at the amortised cost equivalent to the undiscounted amount of cash or other consideration expected to be paid or received - other debtors, cash and bank balances, and other creditors.

Impairment of assets
Assets are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit and loss as described below.

Non financial assets
An asset is impaired when there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

Financial assets
For financial assets carried at cost less impairment, the impairment loss is the difference between the asset's carrying amount and the best estimate of the amount that would be received for the asset if it were sold at the reporting date.

Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had the impairment loss not been recognised.

Schwind Consulting Ltd (Registered number: 11803419)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 1 ).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022 3,845
Additions 888
Disposals (4,733 )
At 28 February 2023 -
DEPRECIATION
At 1 March 2022 2,952
Charge for year 663
Eliminated on disposal (3,615 )
At 28 February 2023 -
NET BOOK VALUE
At 28 February 2023 -
At 28 February 2022 893

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 1,471 129

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security - 1,309
Other creditors 37 1,264
37 2,573

7. CALLED UP SHARE CAPITAL

2023 2022
£ £
Allotted, issued and fully paid 10 10

Schwind Consulting Ltd (Registered number: 11803419)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2023 and 28 February 2022:

2023 2022
£    £   
J C Schwind
Balance outstanding at start of year - -
Amounts advanced 10,338 -
Amounts repaid (10,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 338 -

The overdrawn director's loan account balance of £338 was repaid 22 March 2023.