SWING HOUSE LIMITED

Company Registration Number:
13723933 (England and Wales)

Unaudited statutory accounts for the year ended 30 November 2023

Period of accounts

Start date: 1 December 2022

End date: 30 November 2023

SWING HOUSE LIMITED

Contents of the Financial Statements

for the Period Ended 30 November 2023

Profit and loss
Balance sheet
Additional notes
Balance sheet notes

SWING HOUSE LIMITED

Profit And Loss Account

for the Period Ended 30 November 2023

2023 13 months to 30 November 2022


£

£
Turnover: 13,845,690 7,845,623
Cost of sales: ( 12,560,838 ) ( 7,018,443 )
Gross profit(or loss): 1,284,852 827,180
Distribution costs: ( 262,335 ) ( 165,175 )
Administrative expenses: ( 475,492 ) ( 348,581 )
Other operating income: 24,763
Operating profit(or loss): 547,025 338,187
Profit(or loss) before tax: 547,025 338,187
Profit(or loss) for the financial year: 547,025 338,187

SWING HOUSE LIMITED

Balance sheet

As at 30 November 2023

Notes 2023 13 months to 30 November 2022


£

£
Called up share capital not paid: 5,000 4,500
Fixed assets
Intangible assets: 3 95,000 75,000
Tangible assets: 4 594,416 497,201
Investments: 5 168,934 130,465
Total fixed assets: 858,350 702,666
Current assets
Stocks: 6 108,765 87,634
Debtors: 7 115,623 42,378
Cash at bank and in hand: 167,343 130,456
Total current assets: 391,731 260,468
Creditors: amounts falling due within one year: 8 ( 45,678 ) ( 23,541 )
Net current assets (liabilities): 346,053 236,927
Total assets less current liabilities: 1,209,403 944,093
Creditors: amounts falling due after more than one year: 9 ( 91,536 ) ( 146,000 )
Provision for liabilities: ( 23,445 ) ( 48,959 )
Total net assets (liabilities): 1,094,422 749,134
Capital and reserves
Called up share capital: 6,000 5,000
Other reserves: 541,397 405,947
Profit and loss account: 547,025 338,187
Total Shareholders' funds: 1,094,422 749,134

The notes form part of these financial statements

SWING HOUSE LIMITED

Balance sheet statements

For the year ending 30 November 2023 the company was entitled to exemption 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.

This report was approved by the board of directors on 31 August 2024
and signed on behalf of the board by:

Name: Mohammed Sohail Sajid
Status: Director

The notes form part of these financial statements

SWING HOUSE LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Revenue is Recognised When it is Probable that Its Economic Benefits associated with tranactions will flow to company and the amount of revenue and associated cost can reliably measured

    Tangible fixed assets depreciation policy

    Assets should be depreciated at 20% Reducing Balance Method.

    Other accounting policies

    These financial statements have been prepared in accordance with the provisions of Section l A (Small Entities) of Financial Reporting Standards 102

SWING HOUSE LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 2. Employees

    2023 13 months to 30 November 2022
    Average number of employees during the period 15 13

SWING HOUSE LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 December 2022 75,000 0 75,000
Additions 20,000 0 20,000
Disposals 0 0 0
Revaluations
Transfers
At 30 November 2023 95,000 0 95,000
Amortisation
At 1 December 2022 0 0 0
Charge for year
On disposals
Other adjustments
At 30 November 2023 0 0 0
Net book value
At 30 November 2023 95,000 0 95,000
At 30 November 2022 75,000 0 75,000

SWING HOUSE LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 December 2022 114,521 170,445 38,291 125,623 48,321 497,201
Additions 45,690 23,467 15,690 12,368 97,215
Disposals
Revaluations
Transfers
At 30 November 2023 160,211 193,912 53,981 137,991 48,321 594,416
Depreciation
At 1 December 2022 0 0 0 0 0 0
Charge for year 0 0 0 0 0 0
On disposals 0 0 0 0 0 0
Other adjustments
At 30 November 2023 0 0 0 0 0 0
Net book value
At 30 November 2023 160,211 193,912 53,981 137,991 48,321 594,416
At 30 November 2022 114,521 170,445 38,291 125,623 48,321 497,201

SWING HOUSE LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

5. Fixed assets investments note

Computers, Scanners, Printers, Mobiles, Furniture, Fans, Heater, Air Conditioner, Car.

SWING HOUSE LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

6. Stocks

2023 13 months to 30 November 2022
£ £
Stocks 108,765 87,634
Total 108,765 87,634

SWING HOUSE LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

7. Debtors

2023 13 months to 30 November 2022
£ £
Trade debtors 115,623 42,378
Total 115,623 42,378

SWING HOUSE LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

8. Creditors: amounts falling due within one year note

2023 13 months to 30 November 2022
£ £
Trade creditors 45,678 23,541
Total 45,678 23,541

SWING HOUSE LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

9. Creditors: amounts falling due after more than one year note

2023 13 months to 30 November 2022
£ £
Other creditors 91,536 146,000
Total 91,536 146,000