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REGISTERED NUMBER: 08912710 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

SWISSCI LIMITED

SWISSCI LIMITED (REGISTERED NUMBER: 08912710)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SWISSCI LIMITED

COMPANY INFORMATION
for the Year Ended 31st December 2023







DIRECTOR: P C Reardon





REGISTERED OFFICE: Merlin House
Lancaster Road
Cressex Business Park
High Wycombe
Buckinghamshire
HP12 3PY





REGISTERED NUMBER: 08912710 (England and Wales)





ACCOUNTANTS: Draper Accountants Limited
3 Quarry Close
Green Lane
Leatherhead
Surrey
KT22 8US

SWISSCI LIMITED (REGISTERED NUMBER: 08912710)

BALANCE SHEET
31st December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,174,786 1,186,409
Investments 5 200 100
Investment property 6 216,983 -
1,391,969 1,186,509

CURRENT ASSETS
Stocks 205,917 202,325
Debtors 7 592,124 764,433
Investments 8 33,706 33,706
Cash at bank and in hand 1,422,435 1,601,970
2,254,182 2,602,434
CREDITORS
Amounts falling due within one year 9 93,281 392,367
NET CURRENT ASSETS 2,160,901 2,210,067
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,552,870

3,396,576

PROVISIONS FOR LIABILITIES 32,801 26,620
NET ASSETS 3,520,069 3,369,956

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 3,519,069 3,368,956
SHAREHOLDERS' FUNDS 3,520,069 3,369,956

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

SWISSCI LIMITED (REGISTERED NUMBER: 08912710)

BALANCE SHEET - continued
31st December 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 director and authorised for issue on 4th April 2024 and were signed by:





P C Reardon - Director


SWISSCI LIMITED (REGISTERED NUMBER: 08912710)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st December 2023

1. STATUTORY INFORMATION

Swissci 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.

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.
Freehold property - 2% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 15 (2022 - 22 ) .

SWISSCI LIMITED (REGISTERED NUMBER: 08912710)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st December 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1st January 2023 1,067,304 341,991 91,042 18,815 1,519,152
Additions - 65,968 - 3,806 69,774
Disposals - (34,440 ) - - (34,440 )
At 31st December 2023 1,067,304 373,519 91,042 22,621 1,554,486
DEPRECIATION
At 1st January 2023 21,000 245,987 48,181 17,575 332,743
Charge for year 12,600 55,824 8,573 2,478 79,475
Eliminated on disposal - (32,518 ) - - (32,518 )
At 31st December 2023 33,600 269,293 56,754 20,053 379,700
NET BOOK VALUE
At 31st December 2023 1,033,704 104,226 34,288 2,568 1,174,786
At 31st December 2022 1,046,304 96,004 42,861 1,240 1,186,409

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st January 2023 100
Additions 100
At 31st December 2023 200
NET BOOK VALUE
At 31st December 2023 200
At 31st December 2022 100

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 218,051
At 31st December 2023 218,051
DEPRECIATION
Charge for year 1,068
At 31st December 2023 1,068
NET BOOK VALUE
At 31st December 2023 216,983

SWISSCI LIMITED (REGISTERED NUMBER: 08912710)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st December 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 233,780 406,184
Other debtors 358,344 358,249
592,124 764,433

8. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Listed investments 33,706 33,706

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 5,790 136,295
Taxation and social security 75,965 227,441
Other creditors 11,526 28,631
93,281 392,367

10. ULTIMATE CONTROLLING PARTY

The controlling party is Swissci Limited.