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REGISTERED NUMBER: 10425365 (England and Wales)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

SWISH ENTERPRISES LIMITED

SWISH ENTERPRISES LIMITED (REGISTERED NUMBER: 10425365)






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


SWISH ENTERPRISES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: Mr R C Dale
Mrs K E Dale





REGISTERED OFFICE: Lodge Dale Farm
Hollington
Tean
Stoke on Trent
Staffordshire
ST10 4HS





REGISTERED NUMBER: 10425365 (England and Wales)





ACCOUNTANTS: Wynniatt-Husey Limited (Uttoxeter Branch)
The Old Bakehouse
Dove Walk
Uttoxeter
Staffordshire
ST14 8EH

SWISH ENTERPRISES LIMITED (REGISTERED NUMBER: 10425365)

BALANCE SHEET
28 FEBRUARY 2023

28.2.22 28.2.23
£    £    Notes £    £   
FIXED ASSETS
97,242 Tangible assets 4 265,093

CURRENT ASSETS
119,697 Stocks 5 126,000
115,676 Debtors 6 177,722
31,666 Cash at bank 34,462
267,039 338,184
CREDITORS
150,731 Amounts falling due within one year 7 306,049
116,308 NET CURRENT ASSETS 32,135
213,550 TOTAL ASSETS LESS CURRENT
LIABILITIES

297,228

CREDITORS
(94,076 ) Amounts falling due after more than one
year

8

(65,831

)

- PROVISIONS FOR LIABILITIES (30,338 )
119,474 NET ASSETS 201,059

CAPITAL AND RESERVES
100 Called up share capital 9 100
- Revaluation reserve 10 105,420
119,374 Retained earnings 10 95,539
119,474 SHAREHOLDERS' FUNDS 201,059

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 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.

SWISH ENTERPRISES LIMITED (REGISTERED NUMBER: 10425365)

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 Board of Directors and authorised for issue on 19 October 2023 and were signed on its behalf by:





Mrs K E Dale - Director


SWISH ENTERPRISES LIMITED (REGISTERED NUMBER: 10425365)

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

1. STATUTORY INFORMATION

Swish Enterprises 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 as modified by the revaluation of certain assets.

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 - 20% on cost

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.

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 1 (2022 - 2 ) .

SWISH ENTERPRISES LIMITED (REGISTERED NUMBER: 10425365)

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

4. TANGIBLE FIXED ASSETS
Plant and Computer
Totals machinery equipment
£    £    £   
COST OR VALUATION
At 1 March 2022 205,615 203,409 2,206
Additions 104,810 104,810 -
Revaluations 105,420 105,420 -
At 28 February 2023 415,845 413,639 2,206
DEPRECIATION
At 1 March 2022 108,373 107,803 570
Charge for year 42,379 41,836 543
At 28 February 2023 150,752 149,639 1,113
NET BOOK VALUE
At 28 February 2023 265,093 264,000 1,093
At 28 February 2022 97,242 95,606 1,636

Cost or valuation at 28 February 2023 is represented by:

Plant and Computer
Totals machinery equipment
£    £    £   
Valuation in 2023 415,845 413,639 2,206

If plant and machinery had not been revalued they would have been included at the following historical cost:

28.2.23 28.2.22
£    £   
Cost 308,219 -
Aggregate depreciation 149,639 -

Value of land in freehold land and buildings 158,580 -

Plant and machinery were valued on an open market basis on 15 November 2023 by Mr R Dale .

5. STOCKS
28.2.23 28.2.22
£    £   
Stocks 126,000 119,697

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 177,722 78,094
Amounts owed by group undertakings - 37,582
177,722 115,676

SWISH ENTERPRISES LIMITED (REGISTERED NUMBER: 10425365)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Other loans 39,977 45,491
Hire purchase contracts 28,244 28,244
Trade creditors 186,131 22,655
Amounts owed to group undertakings 329 -
Tax 5,394 6,748
Social security and other taxes 2,373 2,008
Pension control account 232 251
VAT 19,749 15,823
Directors' current accounts 22,580 28,731
Accrued expenses 1,040 780
306,049 150,731

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Hire purchase contracts 65,831 94,076

9. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
100 Share capital 1 £1 100 100

10. RESERVES
Retained Revaluation
Totals earnings reserve
£    £    £   

At 1 March 2022 119,374 119,374 -
Profit for the year 126,165 126,165
Dividends (150,000 ) (150,000 )
Revaluation reserve 105,420 - 105,420
At 28 February 2023 200,959 95,539 105,420