Registered number
09798025
Swan Fire (UK) Ltd
Filleted Accounts
30 November 2023
Swan Fire (UK) Ltd
Registered number: 09798025
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 29,730 19,878
Tangible assets 4 2,500 6,736
32,230 26,614
Current assets
Debtors 5 174,044 117,484
Cash at bank and in hand 103,173 86,849
277,217 204,333
Creditors: amounts falling due within one year 6 (83,040) (63,666)
Net current assets 194,177 140,667
Total assets less current liabilities 226,407 167,281
Creditors: amounts falling due after more than one year 7 (16,667) (26,667)
Net assets 209,740 140,614
Capital and reserves
Called up share capital 2 2
Profit and loss account 209,738 140,612
Shareholders' funds 209,740 140,614
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
…………………………….
Richard Hare
Director
Approved by the board on 29 August 2024
Swan Fire (UK) Ltd
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 8 6
3 Intangible fixed assets £
Goodwill:
Cost
At 1 December 2022 90,592
Additions 21,120
At 30 November 2023 111,712
Amortisation
At 1 December 2022 70,714
Provided during the year 11,268
At 30 November 2023 81,982
Net book value
At 30 November 2023 29,730
At 30 November 2022 19,878
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 December 2022 20,813 39,594 60,407
At 30 November 2023 20,813 39,594 60,407
Depreciation
At 1 December 2022 16,313 37,358 53,671
Charge for the year 2,000 2,236 4,236
At 30 November 2023 18,313 39,594 57,907
Net book value
At 30 November 2023 2,500 - 2,500
At 30 November 2022 4,500 2,236 6,736
5 Debtors 2023 2022
£ £
Trade debtors 170,706 108,751
Other debtors 3,338 8,733
174,044 117,484
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 10,000 10,000
Trade creditors 553 753
Directors Account 5,739 5,769
Taxation and social security costs 65,898 46,294
Other creditors 850 850
83,040 63,666
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 16,667 26,667
8 Other information
Swan Fire (UK) Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Office F, Spinners Court
55 West End
Witney
Oxon
OX28 1NH
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