Company registration number 09372545 (England and Wales)
SWITCHED ON COMMS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JULY 2023
PAGES FOR FILING WITH REGISTRAR
SWITCHED ON COMMS LTD
BALANCE SHEET
AS AT 30 JULY 2023
30 July 2023
- 1 -
2023
2022
£
£
£
£
Fixed assets
2,016
370
Current assets
397,215
298,223
Creditors: amounts falling due within one year
(439,884)
(374,028)
Net current liabilities
(42,669)
(75,805)
Total assets less current liabilities
(40,653)
(75,435)
Creditors: amounts falling due after more than one year
(19,676)
(27,701)
Accruals and deferred income
(38,264)
(4,637)
Net liabilities
(98,593)
(107,773)
Capital and reserves
(98,593)
(107,773)
Notes to the financial statements
1
Directors' benefits: advances, credit and guarantees
As at the year end, the directors owed the company £238,485 (2022: £186,314). The loan carried interest at a rate of 2%.
2
Employees
The average number of persons, including directors, employed by the company during the year was as follows:
2023
2022
Number
Number
Employees
8
6
Switched On Comms Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Flat 5, 128 Marine Parade, Brighton, BN2 1DE.
For the year ended 30 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
SWITCHED ON COMMS LTD
BALANCE SHEET (CONTINUED)
AS AT 30 JULY 2023
30 July 2023
- 2 -
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 26 April 2024 and are signed on its behalf by:
C Steer
L Libin
Director
Director
Company registration number 09372545 (England and Wales)