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
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
SWM HEALTH LIMITED
Statement of financial position
as at 31 December 2023
Intangible assets
60,700
70,412
Tangible assets
19,181
21,294
Cash at bank and in hand
39,650
122,578
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
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
SWM HEALTH LIMITED
Notes to the Accounts
for the year ended 31 December 2023
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.
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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:
Fixtures & fittings
20% Reducing Balance Basis
Computer equipment
20% Reducing Balance Basis
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Government grants are in relation to furlough payments received during the year.
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.
The accounts are prepared on a going concern basis.
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.
SWM HEALTH LIMITED
Notes to the Accounts
for the year ended 31 December 2023
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
At 31 December 2023
98,028
At 31 December 2023
37,328
At 31 December 2023
60,700
At 31 December 2022
70,412
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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
At 31 December 2023
9,562
23,170
32,732
At 1 January 2023
2,609
6,624
9,233
Charge for the year
1,391
3,246
4,637
At 31 December 2023
4,000
9,551
13,551
At 31 December 2023
5,562
13,619
19,181
At 31 December 2022
6,953
14,341
21,294
Amounts falling due within one year
Trade debtors
455,614
179,337
Accrued income and prepayments
5,000
5,000
Amounts falling due after more than one year
SWM HEALTH LIMITED
Notes to the Accounts
for the year ended 31 December 2023
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
52,225
(8,453)
Taxes and social security
67,896
24,542
Loans from directors
-
(281)
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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.
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).