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
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
Swoon London Limited
Statement of financial position
as at 30 April 2024
Tangible assets
12,546
16,920
Cash at bank and in hand
16,670
71,292
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
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
Swoon London Limited
Notes to the Accounts
for the year ended 30 April 2024
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.
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.
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 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.
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.
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
At 30 April 2024
3,406
34,221
1,873
39,500
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
At 30 April 2024
1,704
10,079
763
12,546
At 30 April 2023
2,555
13,689
676
16,920
Amounts falling due within one year
Accrued income and prepayments
300
8,807
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
9,586
9,586
Obligations under finance leases and hire purchase contracts
14,647
4,776
Trade creditors
1,405
3,405
Taxes and social security
-
835
Loans from directors
25,471
1,554
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.
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
Obligations under finance leases and hire purchase contracts
-
14,647
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.
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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).