SWANSEA SERVICES LTD

Company Registration Number:
14071468 (England and Wales)

Unaudited statutory accounts for the year ended 30 April 2023

Period of accounts

Start date: 26 April 2022

End date: 30 April 2023

SWANSEA SERVICES LTD

Contents of the Financial Statements

for the Period Ended 30 April 2023

Profit and loss
Balance sheet
Additional notes
Balance sheet notes

SWANSEA SERVICES LTD

Profit And Loss Account

for the Period Ended 30 April 2023

2023


£
Turnover: 22,045,831
Cost of sales: ( 18,559,943 )
Gross profit(or loss): 3,485,888
Distribution costs: ( 281,439 )
Administrative expenses: ( 374,461 )
Operating profit(or loss): 2,829,988
Profit(or loss) before tax: 2,829,988
Profit(or loss) for the financial year: 2,829,988

SWANSEA SERVICES LTD

Balance sheet

As at 30 April 2023

Notes 2023


£
Called up share capital not paid: 4,500
Fixed assets
Intangible assets: 3 267,852
Tangible assets: 4 3,051,925
Investments: 5 140,431
Total fixed assets: 3,460,208
Current assets
Stocks: 6 386,478
Debtors: 7 567,831
Cash at bank and in hand: 256,749
Total current assets: 1,211,058
Creditors: amounts falling due within one year: 8 ( 72,500 )
Net current assets (liabilities): 1,138,558
Total assets less current liabilities: 4,603,266
Creditors: amounts falling due after more than one year: 9 ( 146,000 )
Provision for liabilities: 0
Total net assets (liabilities): 4,457,266
Capital and reserves
Called up share capital: 5,000
Other reserves: 1,622,278
Profit and loss account: 2,829,988
Total Shareholders' funds: 4,457,266

The notes form part of these financial statements

SWANSEA SERVICES LTD

Balance sheet statements

For the year ending 30 April 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 28 February 2024
and signed on behalf of the board by:

Name: Muhammad Hasnain Qureshi
Status: Director

The notes form part of these financial statements

SWANSEA SERVICES LTD

Notes to the Financial Statements

for the Period Ended 30 April 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Revenue is Recognised When it is Probable that Its Economic Benefits associated with tranactions will flow to company and the amount of revenue and associated cost can reliably measured

    Other accounting policies

    These financial statements have been prepared in accordance with the provisions of Section l A (Small Entities) of Financial Reporting Standards 102.

SWANSEA SERVICES LTD

Notes to the Financial Statements

for the Period Ended 30 April 2023

  • 2. Employees

    2023
    Average number of employees during the period 21

SWANSEA SERVICES LTD

Notes to the Financial Statements

for the Period Ended 30 April 2023

3. Intangible assets

Goodwill Other Total
Cost £ £ £
Additions 267,852 0 267,852
Disposals
Revaluations
Transfers
At 30 April 2023 267,852 0 267,852
Amortisation
Charge for year
On disposals
Other adjustments
At 30 April 2023
Net book value
At 30 April 2023 267,852 0 267,852

SWANSEA SERVICES LTD

Notes to the Financial Statements

for the Period Ended 30 April 2023

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
Additions 1,534,897 171,233 577,531 455,388 312,876 3,051,925
Disposals
Revaluations
Transfers
At 30 April 2023 1,534,897 171,233 577,531 455,388 312,876 3,051,925
Depreciation
Charge for year
On disposals
Other adjustments
At 30 April 2023
Net book value
At 30 April 2023 1,534,897 171,233 577,531 455,388 312,876 3,051,925

SWANSEA SERVICES LTD

Notes to the Financial Statements

for the Period Ended 30 April 2023

5. Fixed assets investments note

Land & Building, Plant & Machinary, Fixture & Fitting, Office Equipment,

SWANSEA SERVICES LTD

Notes to the Financial Statements

for the Period Ended 30 April 2023

6. Stocks

2023
£
Stocks 386,478
Total 386,478

SWANSEA SERVICES LTD

Notes to the Financial Statements

for the Period Ended 30 April 2023

7. Debtors

2023
£
Trade debtors 567,831
Total 567,831

SWANSEA SERVICES LTD

Notes to the Financial Statements

for the Period Ended 30 April 2023

8. Creditors: amounts falling due within one year note

2023
£
Trade creditors 72,500
Total 72,500

SWANSEA SERVICES LTD

Notes to the Financial Statements

for the Period Ended 30 April 2023

9. Creditors: amounts falling due after more than one year note

2023
£
Other creditors 146,000
Total 146,000