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Company Registration No. 08630159 (England and Wales)
SWFR LTD Unaudited accounts for the year ended 30 July 2023
SWFR LTD Unaudited accounts Contents
Page
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SWFR LTD Company Information for the year ended 30 July 2023
Director
G T K Ogunade
Company Number
08630159 (England and Wales)
Registered Office
34 WESTVIEW DRIVE WOODFORD GREEN ESSEX IG8 8LU
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SWFR LTD Statement of financial position as at 30 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
54,611 
24,703 
Current assets
Debtors
- 
10,940 
Cash at bank and in hand
12,694 
26,188 
12,694 
37,128 
Creditors: amounts falling due within one year
(13,480)
(25,828)
Net current (liabilities)/assets
(786)
11,300 
Total assets less current liabilities
53,825 
36,003 
Creditors: amounts falling due after more than one year
- 
2,750 
Net assets
53,825 
38,753 
Capital and reserves
Called up share capital
1 
1 
Capital contribution reserve
669 
669 
Profit and loss account
53,155 
38,083 
Shareholders' funds
53,825 
38,753 
For the year ending 30 July 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 her 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 5 April 2024 and were signed on its behalf by
G T K Ogunade Director Company Registration No. 08630159
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SWFR LTD Notes to the Accounts for the year ended 30 July 2023
1
Statutory information
SWFR LTD is a private company, limited by shares, registered in England and Wales, registration number 08630159. The registered office is 34 WESTVIEW DRIVE, WOODFORD GREEN, ESSEX, IG8 8LU.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 31 July 2022
22,268 
2,435 
24,703 
Additions
42,000 
- 
42,000 
At 30 July 2023
64,268 
2,435 
66,703 
Depreciation
Charge for the year
12,092 
- 
12,092 
At 30 July 2023
12,092 
- 
12,092 
Net book value
At 30 July 2023
52,176 
2,435 
54,611 
At 30 July 2022
22,268 
2,435 
24,703 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due after more than one year
Other debtors
- 
10,940 
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SWFR LTD Notes to the Accounts for the year ended 30 July 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
13,480 
17,852 
Taxes and social security
- 
5,487 
Proposed dividends
- 
20,000 
Loans from directors
- 
(20,261)
Accruals
- 
2,750 
13,480 
25,828 
Creditors Balance also include £17,852.12 (Original value was £40,000)
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Accruals
- 
(2,750)
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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