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REGISTERED NUMBER: SC587691 (Scotland)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

SWANZY ENGINEERING LIMITED

SWANZY ENGINEERING LIMITED (REGISTERED NUMBER: SC587691)






Contents of the Financial Statements
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SWANZY ENGINEERING LIMITED

Company Information
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTOR: D J Sives





REGISTERED OFFICE: Crann Tarra
Glenfarquhar
Auchenblae
Laurencekirk
AB30 1UJ





REGISTERED NUMBER: SC587691 (Scotland)





ACCOUNTANTS: Fyfe Moir & Associates
1st Floor, 5 Abercrombie Crt
Prospect Road,
Westhill
Aberdeenshire
Grampian
AB32 6FE

SWANZY ENGINEERING LIMITED (REGISTERED NUMBER: SC587691)

Balance Sheet
29 FEBRUARY 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,790 8,114

CURRENT ASSETS
Debtors 5 31,373 13,502
Cash at bank 482,537 392,608
513,910 406,110
CREDITORS
Amounts falling due within one year 6 54,893 40,814
NET CURRENT ASSETS 459,017 365,296
TOTAL ASSETS LESS CURRENT
LIABILITIES

462,807

373,410

PROVISIONS FOR LIABILITIES 7 720 1,542
NET ASSETS 462,087 371,868

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 461,987 371,768
SHAREHOLDERS' FUNDS 462,087 371,868

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 August 2024 and were signed by:



D J Sives - Director


SWANZY ENGINEERING LIMITED (REGISTERED NUMBER: SC587691)

Notes to the Financial Statements
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Swanzy Engineering Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on cost
Computer equipment - 15% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

SWANZY ENGINEERING LIMITED (REGISTERED NUMBER: SC587691)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 March 2023 37,846 3,806 41,652
Additions - 708 708
At 29 February 2024 37,846 4,514 42,360
DEPRECIATION
At 1 March 2023 31,736 1,802 33,538
Charge for year 4,348 684 5,032
At 29 February 2024 36,084 2,486 38,570
NET BOOK VALUE
At 29 February 2024 1,762 2,028 3,790
At 28 February 2023 6,110 2,004 8,114

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 14,861 -
Prepayments and accrued income 16,512 13,502
31,373 13,502

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 1,024 -
Tax 44,210 30,830
Social security and other taxes 467 463
VAT 5,835 6,431
Directors' current accounts 3,357 3,090
54,893 40,814

7. PROVISIONS FOR LIABILITIES
29.2.24 28.2.23
£    £   
Deferred tax 720 1,542

Deferred
tax
£   
Balance at 1 March 2023 1,542
Movement during the year (822 )
Balance at 29 February 2024 720