1 May 2023 false Taxfiler 2024.4 12101983business:PrivateLimitedCompanyLtd2023-05-012024-04-30 121019832023-04-30 121019832023-05-012024-04-30 12101983business:AuditExemptWithAccountantsReport2023-05-012024-04-30 12101983business:FilletedAccounts2023-05-012024-04-30 121019832024-04-30 12101983business:Director12023-05-012024-04-30 12101983business:Director22023-05-012024-04-30 12101983business:RegisteredOffice2023-05-012024-04-30 121019832023-04-30 12101983core:WithinOneYear2024-04-30 12101983core:WithinOneYear2023-04-30 12101983core:AfterOneYear2024-04-30 12101983core:AfterOneYear2023-04-30 12101983core:ShareCapitalcore:PreviouslyStatedAmount2024-04-30 12101983core:ShareCapitalcore:PreviouslyStatedAmount2023-04-30 12101983core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-04-30 12101983core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-04-30 12101983core:PreviouslyStatedAmount2024-04-30 12101983core:PreviouslyStatedAmount2023-04-30 12101983business:SmallEntities2023-05-012024-04-30 12101983countries:EnglandWales2023-05-012024-04-30 12101983core:PlantMachinery2023-05-012024-04-30 12101983core:MotorVehicles2023-05-012024-04-30 12101983core:FurnitureFittings2023-05-012024-04-30 12101983core:PlantMachinery2023-04-30 12101983core:MotorVehicles2023-04-30 12101983core:FurnitureFittings2023-04-30 12101983core:PlantMachinery2024-04-30 12101983core:MotorVehicles2024-04-30 12101983core:FurnitureFittings2024-04-30 12101983core:WithinOneYear2023-05-012024-04-30 12101983core:AfterOneYear2023-05-012024-04-30 12101983business:OrdinaryShareClass12023-05-012024-04-30 12101983business:OrdinaryShareClass12022-08-012023-04-30 121019832022-08-012023-04-30 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 12101983 (England and Wales)
Swoon London Limited Unaudited accounts for the year ended 30 April 2024
Swoon London Limited Unaudited accounts Contents
Page
- 2 -
Swoon London Limited Company Information for the year ended 30 April 2024
Directors
Julian Childs Anna Stringer
Company Number
12101983 (England and Wales)
Registered Office
Denmark House 143 High Street Chalfont St. Peter Bucks SL9 9QL England
Accountants
Lane Accounting Limited Denmark House, 143 High St, Chalfont St Peter, Gerrards Cross Buckinghamshire SL9 9QL
- 3 -
Swoon London Limited Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
12,546 
16,920 
Current assets
Inventories
39,162 
- 
Debtors
1,755 
10,309 
Cash at bank and in hand
16,670 
71,292 
57,587 
81,601 
Creditors: amounts falling due within one year
(78,445)
(21,721)
Net current (liabilities)/assets
(20,858)
59,880 
Total assets less current liabilities
(8,312)
76,800 
Creditors: amounts falling due after more than one year
(20,336)
(44,751)
Net (liabilities)/assets
(28,648)
32,049 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(28,748)
31,949 
Shareholders' funds
(28,648)
32,049 
For the year ending 30 April 2024 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 Act with respect to accounting records and the preparation of accounts.
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 of Directors and authorised for issue on 13 June 2024 and were signed on its behalf by
Julian Childs Director Company Registration No. 12101983
- 4 -
Swoon London Limited Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Swoon London Limited is a private company, limited by shares, registered in England and Wales, registration number 12101983. The registered office is Denmark House, 143 High Street, Chalfont St. Peter, Bucks, SL9 9QL, England.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
25% per annum of cost
Motor vehicles
25% per annum of cost
Fixtures & fittings
20% per annum of cost
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
- 5 -
Swoon London Limited Notes to the Accounts for the year ended 30 April 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 May 2023
3,406 
34,221 
1,318 
38,945 
Additions
- 
- 
555 
555 
At 30 April 2024
3,406 
34,221 
1,873 
39,500 
Depreciation
At 1 May 2023
851 
20,532 
642 
22,025 
Charge for the year
851 
3,610 
468 
4,929 
At 30 April 2024
1,702 
24,142 
1,110 
26,954 
Net book value
At 30 April 2024
1,704 
10,079 
763 
12,546 
At 30 April 2023
2,555 
13,689 
676 
16,920 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
1,194 
Trade debtors
1,455 
308 
Accrued income and prepayments
300 
8,807 
1,755 
10,309 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
9,586 
9,586 
VAT
2,785 
- 
Obligations under finance leases and hire purchase contracts
14,647 
4,776 
Trade creditors
1,405 
3,405 
Taxes and social security
- 
835 
Other creditors
22,747 
- 
Loans from directors
25,471 
1,554 
Accruals
1,804 
1,565 
78,445 
21,721 
Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £24,233 (2023 £14,362). The bank loans and overdrafts are secured by a fixed and floating charge over the company's assets. The finance leases are secured on the assets concerned.
- 6 -
Swoon London Limited Notes to the Accounts for the year ended 30 April 2024
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
20,336 
30,104 
Obligations under finance leases and hire purchase contracts
- 
14,647 
20,336 
44,751 
Creditors include bank loans and net obligations under finance lease and hire purchase contracts which are secured of £20,336 (2023 £44,751). The bank loans are secured by a fixed and floating charge over the company's assets. The finance leases are secured on the assets concerned.
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Loans to directors
At the 30th April 2024, Mr J Childs was owed £25,469 (2023 - £1,524) by the company. This is an interest bearing loan repayable on demand. During the year £0 interest was charged on this loan.
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).
- 7 -