Acorah Software Products - Accounts Production 15.0.600 false true true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 11696826 Mr Paul Woodhead Mr Robert Coombs iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11696826 2022-11-30 11696826 2023-11-30 11696826 2022-12-01 2023-11-30 11696826 frs-core:CurrentFinancialInstruments 2023-11-30 11696826 frs-core:Non-currentFinancialInstruments 2023-11-30 11696826 frs-core:BetweenOneFiveYears 2023-11-30 11696826 frs-core:FurnitureFittings 2023-11-30 11696826 frs-core:FurnitureFittings 2022-12-01 2023-11-30 11696826 frs-core:FurnitureFittings 2022-11-30 11696826 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-11-30 11696826 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-12-01 2023-11-30 11696826 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-11-30 11696826 frs-core:MoreThanFiveYears 2023-11-30 11696826 frs-core:PlantMachinery 2023-11-30 11696826 frs-core:PlantMachinery 2022-12-01 2023-11-30 11696826 frs-core:PlantMachinery 2022-11-30 11696826 frs-core:ShareCapital 2023-11-30 11696826 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 11696826 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 11696826 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 11696826 frs-bus:SmallEntities 2022-12-01 2023-11-30 11696826 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 11696826 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 11696826 frs-bus:Director1 2022-12-01 2023-11-30 11696826 frs-bus:Director2 2022-12-01 2023-11-30 11696826 frs-countries:EnglandWales 2022-12-01 2023-11-30 11696826 2021-11-30 11696826 2022-11-30 11696826 2021-12-01 2022-11-30 11696826 frs-core:CurrentFinancialInstruments 2022-11-30 11696826 frs-core:Non-currentFinancialInstruments 2022-11-30 11696826 frs-core:BetweenOneFiveYears 2022-11-30 11696826 frs-core:MoreThanFiveYears 2022-11-30 11696826 frs-core:ShareCapital 2022-11-30 11696826 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: 11696826
Swim Street Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11696826
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 132,640 -
132,640 -
CURRENT ASSETS
Debtors 5 23,754 4
Cash at bank and in hand 40,901 -
64,655 4
Creditors: Amounts Falling Due Within One Year 6 (231,032 ) (240 )
NET CURRENT ASSETS (LIABILITIES) (166,377 ) (236 )
TOTAL ASSETS LESS CURRENT LIABILITIES (33,737 ) (236 )
Creditors: Amounts Falling Due After More Than One Year 7 - (50 )
NET LIABILITIES (33,737 ) (286 )
CAPITAL AND RESERVES
Called up share capital 8 4 4
Profit and Loss Account (33,741 ) (290 )
SHAREHOLDERS' FUNDS (33,737) (286)
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For the year ending 30 November 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 Paul Woodhead
Director
30 August 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
Swim Street Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11696826 . The registered office is 39 Mayflower Way, Beaconsfield, Bucks , HP9 1UG.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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.
2.4. 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:
Leasehold Term of lease
Plant & Equipment Term of lease/25% reducing balance
Fixtures & Fittings 25% reducing balance
2.5. Financial Instruments
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at the market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
2.6. Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
2.7. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
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4. Tangible Assets
Land & Property
Leasehold Plant & Equipment Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 December 2022 - - - -
Additions 57,462 92,478 1,455 151,395
As at 30 November 2023 57,462 92,478 1,455 151,395
Depreciation
As at 1 December 2022 - - - -
Provided during the period 6,586 12,127 42 18,755
As at 30 November 2023 6,586 12,127 42 18,755
Net Book Value
As at 30 November 2023 50,876 80,351 1,413 132,640
As at 1 December 2022 - - - -
5. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income 1,471 -
Other debtors 100 -
VAT 22,183 -
Directors' loan accounts - 4
23,754 4
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Other taxes and social security 420 -
Other creditors 50 -
Accruals and deferred income 5,566 240
Directors' loan accounts 224,996 -
231,032 240
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Amounts owed to group undertakings - 50
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 4 4
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9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2023 2022
£ £
Later than one year and not later than five years 50,000 -
Later than five years 87,341 -
137,341 -
10. Related Party Transactions
At the year end, 30 November 2023, the directors were owed £224,996 (30 November 2022: £NIL) in respect of loans held with the company. These amounts are interest free and repayable on demand.
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