2022-07-012023-06-302023-06-30false11406650SWIM DEM COMPANY LTD2024-10-11iso4217:GBPxbrli:pure114066502022-07-01114066502023-06-30114066502022-07-012023-06-30114066502021-07-01114066502022-06-30114066502021-07-012022-06-3011406650bus:SmallEntities2022-07-012023-06-3011406650bus:AuditExempt-NoAccountantsReport2022-07-012023-06-3011406650bus:FullAccounts2022-07-012023-06-3011406650bus:PrivateLimitedCompanyLtd2022-07-012023-06-3011406650core:WithinOneYear2023-06-3011406650core:AfterOneYear2023-06-3011406650core:WithinOneYear2022-06-3011406650core:AfterOneYear2022-06-3011406650core:ShareCapital2023-06-3011406650core:SharePremium2023-06-3011406650core:RevaluationReserve2023-06-3011406650core:OtherReservesSubtotal2023-06-3011406650core:RetainedEarningsAccumulatedLosses2023-06-3011406650core:ShareCapital2022-06-3011406650core:SharePremium2022-06-3011406650core:RevaluationReserve2022-06-3011406650core:OtherReservesSubtotal2022-06-3011406650core:RetainedEarningsAccumulatedLosses2022-06-3011406650core:LandBuildings2023-06-3011406650core:PlantMachinery2023-06-3011406650core:Vehicles2023-06-3011406650core:FurnitureFittings2023-06-3011406650core:OfficeEquipment2023-06-3011406650core:NetGoodwill2023-06-3011406650core:IntangibleAssetsOtherThanGoodwill2023-06-3011406650core:ListedExchangeTraded2023-06-3011406650core:UnlistedNon-exchangeTraded2023-06-3011406650core:LandBuildings2022-06-3011406650core:PlantMachinery2022-06-3011406650core:Vehicles2022-06-3011406650core:FurnitureFittings2022-06-3011406650core:OfficeEquipment2022-06-3011406650core:NetGoodwill2022-06-3011406650core:IntangibleAssetsOtherThanGoodwill2022-06-3011406650core:ListedExchangeTraded2022-06-3011406650core:UnlistedNon-exchangeTraded2022-06-3011406650core:LandBuildings2022-07-012023-06-3011406650core:PlantMachinery2022-07-012023-06-3011406650core:Vehicles2022-07-012023-06-3011406650core:FurnitureFittings2022-07-012023-06-3011406650core:OfficeEquipment2022-07-012023-06-3011406650core:NetGoodwill2022-07-012023-06-3011406650core:IntangibleAssetsOtherThanGoodwill2022-07-012023-06-3011406650core:ListedExchangeTraded2022-07-012023-06-3011406650core:UnlistedNon-exchangeTraded2022-07-012023-06-3011406650core:MoreThanFiveYears2022-07-012023-06-3011406650core:Non-currentFinancialInstruments2023-06-3011406650core:Non-currentFinancialInstruments2022-06-3011406650dpl:CostSales2022-07-012023-06-3011406650dpl:DistributionCosts2022-07-012023-06-3011406650core:LandBuildings2022-07-012023-06-3011406650core:PlantMachinery2022-07-012023-06-3011406650core:Vehicles2022-07-012023-06-3011406650core:FurnitureFittings2022-07-012023-06-3011406650core:OfficeEquipment2022-07-012023-06-3011406650dpl:AdministrativeExpenses2022-07-012023-06-3011406650core:NetGoodwill2022-07-012023-06-3011406650core:IntangibleAssetsOtherThanGoodwill2022-07-012023-06-3011406650dpl:GroupUndertakings2022-07-012023-06-3011406650dpl:ParticipatingInterests2022-07-012023-06-3011406650dpl:GroupUndertakingscore:ListedExchangeTraded2022-07-012023-06-3011406650core:ListedExchangeTraded2022-07-012023-06-3011406650dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-07-012023-06-3011406650core:UnlistedNon-exchangeTraded2022-07-012023-06-3011406650dpl:CostSales2021-07-012022-06-3011406650dpl:DistributionCosts2021-07-012022-06-3011406650core:LandBuildings2021-07-012022-06-3011406650core:PlantMachinery2021-07-012022-06-3011406650core:Vehicles2021-07-012022-06-3011406650core:FurnitureFittings2021-07-012022-06-3011406650core:OfficeEquipment2021-07-012022-06-3011406650dpl:AdministrativeExpenses2021-07-012022-06-3011406650core:NetGoodwill2021-07-012022-06-3011406650core:IntangibleAssetsOtherThanGoodwill2021-07-012022-06-3011406650dpl:GroupUndertakings2021-07-012022-06-3011406650dpl:ParticipatingInterests2021-07-012022-06-3011406650dpl:GroupUndertakingscore:ListedExchangeTraded2021-07-012022-06-3011406650core:ListedExchangeTraded2021-07-012022-06-3011406650dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-07-012022-06-3011406650core:UnlistedNon-exchangeTraded2021-07-012022-06-3011406650core:NetGoodwill2023-06-3011406650core:IntangibleAssetsOtherThanGoodwill2023-06-3011406650core:LandBuildings2023-06-3011406650core:PlantMachinery2023-06-3011406650core:Vehicles2023-06-3011406650core:FurnitureFittings2023-06-3011406650core:OfficeEquipment2023-06-3011406650core:AfterOneYear2023-06-3011406650core:WithinOneYear2023-06-3011406650core:ListedExchangeTraded2023-06-3011406650core:UnlistedNon-exchangeTraded2023-06-3011406650core:ShareCapital2023-06-3011406650core:SharePremium2023-06-3011406650core:RevaluationReserve2023-06-3011406650core:OtherReservesSubtotal2023-06-3011406650core:RetainedEarningsAccumulatedLosses2023-06-3011406650core:NetGoodwill2022-06-3011406650core:IntangibleAssetsOtherThanGoodwill2022-06-3011406650core:LandBuildings2022-06-3011406650core:PlantMachinery2022-06-3011406650core:Vehicles2022-06-3011406650core:FurnitureFittings2022-06-3011406650core:OfficeEquipment2022-06-3011406650core:AfterOneYear2022-06-3011406650core:WithinOneYear2022-06-3011406650core:ListedExchange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SWIM DEM COMPANY LTD

Registered Number
11406650
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2023

SWIM DEM COMPANY LTD
Company Information
for the year from 1 July 2022 to 30 June 2023

Directors

ASANTE, Patrick
COLE, Nathaniel Aaron

Registered Address

34 Poplar House Wickham Road
London
SE4 1NE

Registered Number

11406650 (England and Wales)
SWIM DEM COMPANY LTD
Balance Sheet as at
30 June 2023

Notes

2023

2022

£

£

£

£

ASSETS
Fixed assets
Tangible assets37195
7195
Current assets
Debtors41,6091,843
Cash at bank and in hand4,8714,500
6,4806,343
6,4806,343
6,5516,438
CAPITAL, RESERVES AND LIABILITIES
Capital and reserves
Called up share capital100100
Profit and loss account1,73882
1,838182
Liabilities
Creditors amounts falling due within one year54,6956,238
Provisions for liabilities(18)(18)
6,5516,438
The financial statements were approved and authorised for issue by the Board of Directors on 11 October 2024, and are signed on its behalf by:
COLE, Nathaniel Aaron
Director
Registered Company No. 11406650
SWIM DEM COMPANY LTD
Notes to the Financial Statements
for the year ended 30 June 2023

1.Accounting policies
Statutory information
Swim Dem Company Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
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).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Defined contribution pension plan
The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
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.
Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Reducing balance (%)
Office Equipment25
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment. Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment.
2.Average number of employees

20232022
Average number of employees during the year23
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 July 22426426
At 30 June 23426426
Depreciation and impairment
At 01 July 22331331
Charge for year2424
At 30 June 23355355
Net book value
At 30 June 237171
At 30 June 229595
4.Debtors: amounts due within one year

2023

2022

££
Trade debtors / trade receivables8001,200
Other debtors809643
Total1,6091,843
5.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables900500
Taxation and social security1,8191,055
Other creditors5302,518
Accrued liabilities and deferred income1,4462,165
Total4,6956,238