Acorah Software Products - Accounts Production 15.0.400 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 07493293 Ms Helen McBride Mr Stephen Goldstein Mr Robert Taylor iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07493293 2022-12-31 07493293 2023-12-31 07493293 2023-01-01 2023-12-31 07493293 frs-core:CurrentFinancialInstruments 2023-12-31 07493293 frs-core:Non-currentFinancialInstruments 2023-12-31 07493293 frs-core:ComputerEquipment 2023-12-31 07493293 frs-core:ComputerEquipment 2023-01-01 2023-12-31 07493293 frs-core:ComputerEquipment 2022-12-31 07493293 frs-core:FurnitureFittings 2023-12-31 07493293 frs-core:FurnitureFittings 2023-01-01 2023-12-31 07493293 frs-core:FurnitureFittings 2022-12-31 07493293 frs-core:ShareCapital 2023-12-31 07493293 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 07493293 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07493293 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 07493293 frs-bus:SmallEntities 2023-01-01 2023-12-31 07493293 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07493293 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 07493293 frs-bus:Director1 2023-01-01 2023-12-31 07493293 frs-bus:Director1 2022-12-31 07493293 frs-bus:Director1 2023-12-31 07493293 frs-bus:Director2 2023-01-01 2023-12-31 07493293 frs-bus:Director3 2023-01-01 2023-12-31 07493293 frs-countries:EnglandWales 2023-01-01 2023-12-31 07493293 2021-12-31 07493293 2022-12-31 07493293 2022-01-01 2022-12-31 07493293 frs-core:CurrentFinancialInstruments 2022-12-31 07493293 frs-core:Non-currentFinancialInstruments 2022-12-31 07493293 frs-core:ShareCapital 2022-12-31 07493293 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 07493293
Swan Surveyors Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
WA&A
426 Stockfield Road
Yardley
Birmingham
West Midlands
B25 8JJ
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07493293
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 430 573
430 573
CURRENT ASSETS
Debtors 5 42,535 36,446
Cash at bank and in hand 258,210 248,566
300,745 285,012
Creditors: Amounts Falling Due Within One Year 6 (93,670 ) (91,921 )
NET CURRENT ASSETS (LIABILITIES) 207,075 193,091
TOTAL ASSETS LESS CURRENT LIABILITIES 207,505 193,664
Creditors: Amounts Falling Due After More Than One Year 7 (31,423 ) (36,855 )
NET ASSETS 176,082 156,809
CAPITAL AND RESERVES
Called up share capital 8 150 150
Profit and Loss Account 175,932 156,659
SHAREHOLDERS' FUNDS 176,082 156,809
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For the year ending 31 December 2023 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Robert Taylor
Director
9th July 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Swan Surveyors Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07493293 . The registered office is Malvern House, New Road, Solihull, West Midlands, B91 3DL. The trading address is One Swan Courtyard, Coventry Road, Birmingham, B26 1BU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% Reducing Balance
Computer Equipment 25% Reducing Balance
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2022: 8)
6 8
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4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2023 2,811 12,088 14,899
As at 31 December 2023 2,811 12,088 14,899
Depreciation
As at 1 January 2023 2,706 11,620 14,326
Provided during the period 26 117 143
As at 31 December 2023 2,732 11,737 14,469
Net Book Value
As at 31 December 2023 79 351 430
As at 1 January 2023 105 468 573
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 15,765 10,277
Prepayments and accrued income 26,770 24,722
Directors' loan accounts - 1,447
42,535 36,446
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 35,781 37,072
Bank loans and overdrafts 5,529 5,395
Corporation tax 5,251 9,641
Other taxes and social security 7,831 6,728
VAT 15,131 9,215
Other creditors 7,745 7,000
Accruals and deferred income 15,381 16,870
Directors' loan accounts 1,021 -
93,670 91,921
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 31,423 36,855
31,423 36,855
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8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 150 150
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2023 Amounts advanced Amounts repaid Amounts written off As at 31 December 2023
£ £ £ £ £
Mr Robert Taylor 2,111 - 312 1,799 -
The above loan is unsecured, interest free and repayable on demand.
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