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REGISTERED NUMBER: 12686481 (England and Wales)















Financial Statements for the Year Ended 30th June 2023

for

SWENCH COACHING LIMITED

SWENCH COACHING LIMITED (Registered number: 12686481)

Contents of the Financial Statements
for the Year Ended 30th June 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountant 6

SWENCH COACHING LIMITED

Company Information
for the Year Ended 30th June 2023







DIRECTORS: T G HEMUS
S D SAWYERS





SECRETARY:





REGISTERED OFFICE: 125 STEVENSON AVENUE
WALSALL
West Midlands
WS2 7EU





REGISTERED NUMBER: 12686481 (England and Wales)





ACCOUNTANT: A K & Co Accountants
732 Walsall Road
Great Barr
Birmingham
West Midlands
B42 1EX

SWENCH COACHING LIMITED (Registered number: 12686481)

Balance Sheet
30th June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 2,945 3,623

CURRENT ASSETS
Cash at bank and in hand 5,566 6,057

CREDITORS
Amounts falling due within one year 5 5,280 6,995
NET CURRENT ASSETS/(LIABILITIES) 286 (938 )
TOTAL ASSETS LESS CURRENT LIABILITIES 3,231 2,685

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 7 3,131 2,585
SHAREHOLDERS' FUNDS 3,231 2,685

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

SWENCH COACHING LIMITED (Registered number: 12686481)

Balance Sheet - continued
30th June 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 Board of Directors and authorised for issue on 2nd August 2023 and were signed on its behalf by:




T G HEMUS - Director



S D SAWYERS - Director


SWENCH COACHING LIMITED (Registered number: 12686481)

Notes to the Financial Statements
for the Year Ended 30th June 2023


1. STATUTORY INFORMATION

SWENCH COACHING 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
Revenue 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.

Fixtures and fittings 15% pa on reducing balance

Computers 15% pa on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

SWENCH COACHING LIMITED (Registered number: 12686481)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2023


4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st July 2022
and 30th June 2023 1,523 3,000 4,523
DEPRECIATION
At 1st July 2022 - 900 900
Charge for year 228 450 678
At 30th June 2023 228 1,350 1,578
NET BOOK VALUE
At 30th June 2023 1,295 1,650 2,945
At 30th June 2022 1,523 2,100 3,623

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade creditors - 2,071
Tax 3,806 3,435
Directors' current accounts 24 39
Accrued expenses 1,450 1,450
5,280 6,995

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
100 ordinary share capital £1 100 100

7. RESERVES
Retained
earnings
£   

At 1st July 2022 2,585
Profit for the year 15,546
Dividends (15,000 )
At 30th June 2023 3,131

SWENCH COACHING LIMITED

Report of the Accountant to the Directors of
SWENCH COACHING LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30th June 2023 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to me.






A K & Co Accountants
732 Walsall Road
Great Barr
Birmingham
West Midlands
B42 1EX


2nd August 2023