Registered number
05760005
Swarbrick Ltd
Filleted Accounts
31 October 2023
Swarbrick Ltd
Registered number: 05760005
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 105,460 114,070
Current assets
Debtors 4 738,524 746,710
Cash at bank and in hand - 97,103
738,524 843,813
Creditors: amounts falling due within one year 5 (706,343) (807,937)
Net current assets 32,181 35,876
Total assets less current liabilities 137,641 149,946
Creditors: amounts falling due after more than one year 6 (36,984) (38,748)
Net assets 100,657 111,198
Capital and reserves
Called up share capital 10 10
Profit and loss account 100,647 111,188
Shareholder's funds 100,657 111,198
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Robert Sean Gutmann
Director
Approved by the board on 7 March 2024
Swarbrick Ltd
Notes to the Accounts
for the year ended 31 October 2023
1 Accounting policies
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 10% reducing balance
Furniture and fixtures 10% reducing balance
Debtors
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.
Creditors
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 November 2022 27,974 186,952 54,456 269,382
At 31 October 2023 27,974 186,952 54,456 269,382
Depreciation
At 1 November 2022 - 134,421 20,891 155,312
Charge for the year - 5,253 3,357 8,610
At 31 October 2023 - 139,674 24,248 163,922
Net book value
At 31 October 2023 27,974 47,278 30,208 105,460
At 31 October 2022 27,974 52,531 33,565 114,070
4 Debtors 2023 2022
£ £
Other debtors 738,524 746,710
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 7,198 7,080
Trade creditors 5,400 3,600
Taxation and social security costs 247 247
Other creditors 693,498 797,010
706,343 807,937
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 36,984 38,748
7 Other information
Swarbrick Ltd is a private company limited by shares and incorporated in England. Its registered office is:
2 Lark Lane
Liverpool
L17 8US
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