SWALLOWNEST ENGINEERING COMPANY LIMITED

Company Registration Number:
01969447 (England and Wales)

Unaudited abridged accounts for the year ended 31 October 2023

Period of accounts

Start date: 01 November 2022

End date: 31 October 2023

SWALLOWNEST ENGINEERING COMPANY LIMITED

Contents of the Financial Statements

for the Period Ended 31 October 2023

Balance sheet
Notes

SWALLOWNEST ENGINEERING COMPANY LIMITED

Balance sheet

As at 31 October 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 63,032 70,777
Total fixed assets: 63,032 70,777
Current assets
Stocks: 163,215 175,603
Debtors:   1,550,780 1,401,071
Cash at bank and in hand: 914 0
Total current assets: 1,714,909 1,576,674
Creditors: amounts falling due within one year: 4 (677,403) (644,561)
Net current assets (liabilities): 1,037,506 932,113
Total assets less current liabilities: 1,100,538 1,002,890
Creditors: amounts falling due after more than one year: 5 (19,167) (31,282)
Provision for liabilities: (12,722) (15,491)
Total net assets (liabilities): 1,068,649 956,117
Capital and reserves
Called up share capital: 269 269
Profit and loss account: 1,068,380 955,848
Shareholders funds: 1,068,649 956,117

The notes form part of these financial statements

SWALLOWNEST ENGINEERING COMPANY LIMITED

Balance sheet statements

For the year ending 31 October 2023 the company was entitled to exemption 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 Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 30 April 2024
and signed on behalf of the board by:

Name: Mr S Sample
Status: Director

The notes form part of these financial statements

SWALLOWNEST ENGINEERING COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

SWALLOWNEST ENGINEERING COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

2. Employees

2023 2022
Average number of employees during the period 22 22

SWALLOWNEST ENGINEERING COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

3. Tangible Assets

Total
Cost £
At 01 November 2022 595,009
At 31 October 2023 595,009
Depreciation
At 01 November 2022 524,232
Charge for year 7,745
At 31 October 2023 531,977
Net book value
At 31 October 2023 63,032
At 31 October 2022 70,777

SWALLOWNEST ENGINEERING COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Creditors: amounts falling due within one year note

Loans and borrowings - £195,150Trade Creditors - £279,200Tax - £153,921Accruals - £19,379Other Creditors - £29,753

SWALLOWNEST ENGINEERING COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

5. Creditors: amounts falling due after more than one year note

Loans and borrowings - £19,167

SWALLOWNEST ENGINEERING COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

6. Related party transactions

Name of the related party: H Brown & Son Ltd
Relationship:
Holding Company
Description of the Transaction: Finance support loan - long-term
£
Balance at 01 November 2022 787,531
Balance at 31 October 2023 787,531