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Company Registration No. 12457751 (England and Wales)
SWM HEALTH LIMITED Unaudited accounts for the year ended 31 December 2023
SWM HEALTH LIMITED Unaudited accounts Contents
Page
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SWM HEALTH LIMITED Company Information for the year ended 31 December 2023
Directors
Roberto Ascione Kelly Ann Schriefer Franco J Spraggins
Company Number
12457751 (England and Wales)
Registered Office
190 CHISWICK HIGH ROAD LONDON W4 1PP ENGLAND
Accountants
Insight Business Services Limited 20-22 Wenlock Road London N1 7GU
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SWM HEALTH LIMITED Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
60,700 
70,412 
Tangible assets
19,181 
21,294 
79,881 
91,706 
Current assets
Debtors
472,332 
184,337 
Cash at bank and in hand
39,650 
122,578 
511,982 
306,915 
Creditors: amounts falling due within one year
(121,006)
(86,164)
Net current assets
390,976 
220,751 
Total assets less current liabilities
470,857 
312,457 
Creditors: amounts falling due after more than one year
(54,934)
(68,901)
Net assets
415,923 
243,556 
Capital and reserves
Called up share capital
200 
200 
Profit and loss account
415,723 
243,356 
Shareholders' funds
415,923 
243,556 
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 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 24 April 2024 and were signed on its behalf by
Roberto Ascione Director Company Registration No. 12457751
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SWM HEALTH LIMITED Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
SWM HEALTH LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12457751. The registered office and principal place of business is 190 CHISWICK HIGH ROAD, LONDON, W4 1PP, 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:
Fixtures & fittings
20% Reducing Balance Basis
Computer equipment
20% Reducing Balance Basis
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Government grants
Government grants are in relation to furlough payments received during the year.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Going concern
The accounts are prepared on a going concern basis.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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SWM HEALTH LIMITED Notes to the Accounts for the year ended 31 December 2023
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 January 2023
98,028 
At 31 December 2023
98,028 
Amortisation
At 1 January 2023
27,616 
Charge for the year
9,712 
At 31 December 2023
37,328 
Net book value
At 31 December 2023
60,700 
At 31 December 2022
70,412 
5
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2023
9,562 
20,965 
30,527 
Additions
- 
2,922 
2,922 
Disposals
- 
(717)
(717)
At 31 December 2023
9,562 
23,170 
32,732 
Depreciation
At 1 January 2023
2,609 
6,624 
9,233 
Charge for the year
1,391 
3,246 
4,637 
On disposals
- 
(319)
(319)
At 31 December 2023
4,000 
9,551 
13,551 
Net book value
At 31 December 2023
5,562 
13,619 
19,181 
At 31 December 2022
6,953 
14,341 
21,294 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
11,698 
- 
Trade debtors
455,614 
179,337 
Accrued income and prepayments
5,000 
5,000 
472,312 
184,337 
Amounts falling due after more than one year
Other debtors
20 
- 
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SWM HEALTH LIMITED Notes to the Accounts for the year ended 31 December 2023
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
- 
11,997 
Trade creditors
52,225 
(8,453)
Taxes and social security
67,896 
24,542 
Loans from directors
- 
(281)
Accruals
885 
889 
Deferred income
- 
57,470 
121,006 
86,164 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
54,934 
68,901 
The company has taken advantage under the amendments to FRS102 FRED67 to take an exemption from discounting on recognition of the loan at present value.
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
200 Ordinary shares of £1 each
200 
200 
10
Average number of employees
During the year the average number of employees was 5 (2022: 5).
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