2022-04-012023-03-312023-03-31false02500466SWALE TECHNOLOGIES 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SWALE TECHNOLOGIES LIMITED

Registered Number
02500466
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2023

SWALE TECHNOLOGIES LIMITED
Company Information
for the year from 1 April 2022 to 31 March 2023

Directors

GIBBS, Alison Ruth
GIBBS, Philip Christopher

Company Secretary

GIBBS, Philip Christopher

Registered Address

6 Greenacres Warpsgrove Lane
Chalgrove
Oxford
OX44 7RW

Registered Number

02500466 (England and Wales)
SWALE TECHNOLOGIES LIMITED
Balance Sheet as at
31 March 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets5460698
460698
Current assets
Stocks8971,025
Debtors6318,8141,243,529
Cash at bank and on hand364,693178,222
684,4041,422,776
Creditors amounts falling due within one year7(567,353)(1,208,977)
Net current assets (liabilities)117,051213,799
Total assets less current liabilities117,511214,497
Net assets117,511214,497
Capital and reserves
Called up share capital-11
Other reserves11-
Profit and loss account117,500214,486
Shareholders' funds117,511214,497
The financial statements were approved and authorised for issue by the Board of Directors on 24 November 2023, and are signed on its behalf by:
GIBBS, Philip Christopher
Director
Registered Company No. 02500466
SWALE TECHNOLOGIES LIMITED
Notes to the Financial Statements
for the year ended 31 March 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Plant and machinery4
Office Equipment3
Stocks policy
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
4.Employee information

20232022
Average number of employees during the year13
5.Property, plant and equipment

Total

£
Cost or valuation
At 01 April 225,032
Additions200
At 31 March 235,231
Depreciation and impairment
At 01 April 224,334
Charge for year438
At 31 March 234,772
Net book value
At 31 March 23460
At 31 March 22698
6.Debtors

2023

2022

££
Trade debtors / trade receivables209,9651,236,071
Other debtors450450
Prepayments and accrued income108,3997,008
Total318,8141,243,529
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
7.Creditors within one year

2023

2022

££
Trade creditors / trade payables430,995594,193
Taxation and social security99,608252,815
Other creditors36,00058,111
Accrued liabilities and deferred income750303,858
Total567,3531,208,977
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.