Company Registration No. SC537561 (Scotland)
SWAT International Ltd
Unaudited accounts
for the year ended 30 June 2023
SWAT International Ltd
Unaudited accounts
Contents
SWAT International Ltd
Statement of financial position
as at 30 June 2023
Tangible assets
96,582
64,504
Cash at bank and in hand
186,440
46,622
Creditors: amounts falling due within one year
(77,823)
(42,746)
Net current assets
161,199
113,076
Total assets less current liabilities
257,781
177,580
Creditors: amounts falling due after more than one year
(20,626)
(38,779)
Provisions for liabilities
Deferred tax
(19,316)
(12,256)
Net assets
217,839
126,545
Called up share capital
1,000
1,000
Profit and loss account
216,839
125,545
Shareholders' funds
217,839
126,545
For the year ending 30 June 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 his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 29 March 2024 and were signed on its behalf by
Andrew Kelly
Director
Company Registration No. SC537561
SWAT International Ltd
Notes to the Accounts
for the year ended 30 June 2023
SWAT International Ltd is a private company, limited by shares, registered in Scotland, registration number SC537561. The registered office is SWAT HQ, 24 Cleuch Road, North Middleton, Gorebridge, EH23 4RB, SCOTLAND.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Plant & machinery
20% Straight Line Method
Motor vehicles
33% Reducing Balance Method
Fixtures & fittings
20% Reducing Balance Method
Computer equipment
20% Straight Line Method
4
Tangible fixed assets
Total
Charge for the year
25,487
SWAT International Ltd
Notes to the Accounts
for the year ended 30 June 2023
5
Deferred taxation
2023
2022
Accelerated capital allowances
19,316
12,256
Provision at start of year
12,256
5,922
Charged to the profit and loss account
7,060
6,334
Provision at end of year
19,316
12,256
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.
6
Average number of employees
During the year the average number of employees was 10 (2022: 7).