Company Registration No. 10201433 (England and Wales)
SWAN VALETING CENTRE LTD
Unaudited accounts
for the year ended 31 May 2023
SWAN VALETING CENTRE LTD
Unaudited accounts
Contents
SWAN VALETING CENTRE LTD
Company Information
for the year ended 31 May 2023
Company Number
10201433 (England and Wales)
Registered Office
SWAN CENTRE
BLACKWELL STREET
DUDLEY
DY10 2DP
ENGLAND
Accountants
Tax Accountant | Specialist Tax Consultancy
3 Brindley Place
Birmingham
West Midlands
B1 2JB
SWAN VALETING CENTRE LTD
Statement of financial position
as at 31 May 2023
Tangible assets
8,381
8,822
Cash at bank and in hand
1,017
309
Creditors: amounts falling due within one year
(45,313)
(38,156)
Net current liabilities
(44,296)
(37,847)
Total assets less current liabilities
(35,915)
(29,025)
Creditors: amounts falling due after more than one year
(9,075)
(12,000)
Net liabilities
(44,990)
(41,025)
Called up share capital
1
1
Profit and loss account
(44,991)
(41,026)
Shareholders' funds
(44,990)
(41,025)
For the year ending 31 May 2023 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 February 2024 and were signed on its behalf by
Mr Armir MATMUJA
Director
Company Registration No. 10201433
SWAN VALETING CENTRE LTD
Notes to the Accounts
for the year ended 31 May 2023
SWAN VALETING CENTRE LTD is a private company, limited by shares, registered in England and Wales, registration number 10201433. The registered office is SWAN CENTRE, BLACKWELL STREET, DUDLEY, DY10 2DP, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
5% Reducing Balance
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Business was given a grant of £10,000 under COVID 19 measures in April 2020.
SWAN VALETING CENTRE LTD
Notes to the Accounts
for the year ended 31 May 2023
4
Tangible fixed assets
Plant & machinery
5
Creditors: amounts falling due within one year
2023
2022
Loans from directors
40,355
34,655
6
Creditors: amounts falling due after more than one year
2023
2022
This is loan from Santander Bank given under 100% Government Guarantee (COVID 19 Measures). Repayment will start from 1st May 2021 and interest rate is 2.5%. Loan is payable in five years.
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).