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REGISTERED NUMBER: 06042976 (England and Wales)










Unaudited Financial Statements for the Year Ended 30 January 2024

for

Radioswap Limited

Radioswap Limited (Registered number: 06042976)






Contents of the Financial Statements
for the Year Ended 30 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Radioswap Limited

Company Information
for the Year Ended 30 January 2024







DIRECTOR: C J Medlock





REGISTERED OFFICE: Double Acre
Long Road
Thurcroft
Rotherham
South Yorkshire
S66 9BJ





REGISTERED NUMBER: 06042976 (England and Wales)





ACCOUNTANTS: Parkins Accountants Ltd
T/A, Parkins, Chartered Accountants
Moor Park House
Bawtry Rd
Wickersley
Rotherham
South Yorkshire
S66 2BL

Radioswap Limited (Registered number: 06042976)

Balance Sheet
30 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 107,050 67,324
107,050 67,324

CURRENT ASSETS
Stocks 6 13,788 76,682
Debtors 7 234,429 41,083
Cash at bank and in hand 23,234 80,888
271,451 198,653
CREDITORS
Amounts falling due within one year 8 135,577 121,419
NET CURRENT ASSETS 135,874 77,234
TOTAL ASSETS LESS CURRENT
LIABILITIES

242,924

144,558

CREDITORS
Amounts falling due after more than one year 9 (14,449 ) (24,360 )

PROVISIONS FOR LIABILITIES (24,522 ) (10,520 )
NET ASSETS 203,953 109,678

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 203,943 109,668
203,953 109,678

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Radioswap Limited (Registered number: 06042976)

Balance Sheet - continued
30 January 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 August 2024 and were signed by:





C J Medlock - Director


Radioswap Limited (Registered number: 06042976)

Notes to the Financial Statements
for the Year Ended 30 January 2024

1. STATUTORY INFORMATION

Radioswap Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Property renovations - 10% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Radioswap Limited (Registered number: 06042976)

Notes to the Financial Statements - continued
for the Year Ended 30 January 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 31 January 2023
and 30 January 2024 200,000
AMORTISATION
At 31 January 2023
and 30 January 2024 200,000
NET BOOK VALUE
At 30 January 2024 -
At 30 January 2023 -

Radioswap Limited (Registered number: 06042976)

Notes to the Financial Statements - continued
for the Year Ended 30 January 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Property Plant and and Motor
renovations machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 31 January 2023 29,888 67,298 100,686 12,135 210,007
Additions - - 13,820 55,583 69,403
At 30 January 2024 29,888 67,298 114,506 67,718 279,410
DEPRECIATION
At 31 January 2023 17,934 37,274 84,441 3,034 142,683
Charge for year 2,989 4,504 6,013 16,171 29,677
At 30 January 2024 20,923 41,778 90,454 19,205 172,360
NET BOOK VALUE
At 30 January 2024 8,965 25,520 24,052 48,513 107,050
At 30 January 2023 11,954 30,024 16,245 9,101 67,324

6. STOCKS
2024 2023
£    £   
Stocks 13,788 76,682

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 45,211 27,817
Other debtors 184,580 4,020
Directors' current accounts - 9,246
VAT 4,638 -
234,429 41,083

Radioswap Limited (Registered number: 06042976)

Notes to the Financial Statements - continued
for the Year Ended 30 January 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,667 9,667
Trade creditors 76,359 74,670
Tax 24,520 14,647
Social security and other taxes 3,920 2,702
VAT - 15,240
Directors' current accounts 11,979 -
Accrued expenses 1,500 1,500
Credit card 7,632 2,993
135,577 121,419

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 9,911 9,911
Bank loans - 2-5 years 4,538 14,449
14,449 24,360