SWFA Limited Filleted Accounts Cover
SWFA Limited
Company No. 08243455
Information for Filing with The Registrar
31 October 2023
SWFA Limited Balance Sheet Registrar
at
31 October 2023
Company No.
08243455
Notes
2023
2022
£
£
Fixed assets
Tangible assets
4
535936
535936
Current assets
Debtors
9,5577,492
Cash at bank and in hand
13,89327,406
23,45034,898
Creditors: Amount falling due within one year
(23,838)
(30,310)
Net current (liabilities)/assets
(388)
4,588
Total assets less current liabilities
1475,524
Net assets
1475,524
Capital and reserves
Called up share capital
101101
Profit and loss account
5
465,423
Total equity
1475,524
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 October 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
All the members have consented to the preparation of abridged financial statements for the year ended 31 October 2023 in accordance with the Companies Act 2006.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 18 January 2024 and signed on its behalf by:
S. Wragg
Director
18 January 2024
SWFA Limited Notes to the Accounts Registrar
for the year ended 31 October 2023
1
General information
SWFA Limited is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 08243455
Its registered office is:
10 Ryegrass Close
Belper
Derbyshire
DE56 0DZ
The abridged accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006, including the provisions permitting an abridged profit and loss accountant balance sheet to be prepared.
2
Accounting policies
Turnover
Turnover represents the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Revenue is recognised when it is probable that an economic benefit will flow to the company and the amount can be reliably measured.
Deferred taxation
Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Deferred tax is accounted for in respect of all material timing differences.
Defined contribution pensions
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.
The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
3
Employees
2023
2022
Number
Number
The average monthly number of employees (including directors) during the year was:
11
4
Tangible fixed assets
Total
£
Cost or revaluation
At 1 November 2022
3,002
At 31 October 2023
3,002
Depreciation
At 1 November 2022
2,066
Charge for the year
401
At 31 October 2023
2,467
Net book values
At 31 October 2023
535
At 31 October 2022
936
5
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
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