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Registration number: 14814181

Swinfield Relocation Ltd

Annual Report and Unaudited Financial Statements

for the Period from 19 April 2023 to 31 March 2024

 

Swinfield Relocation Ltd

Contents

Company Information

1

Director's Report

2

Accountants' Report

3

Balance Sheet

4

Notes to the Unaudited Financial Statements

5 to 8

 

Swinfield Relocation Ltd

Company Information

Director

Mrs Anna Swinfield

Company secretary

Mrs Anna Swinfield

Registered office

8 The Courtyard
Goldsmith Way
Eliot Business Park
Nuneaton
CV10 7RJ

Accountants

Pattinsons Business Services Ltd
8 The Courtyard
Goldsmith Way
Eliot Business Park
Nuneaton
CV10 7RJ

 

Swinfield Relocation Ltd

Director's Report for the Period from 19 April 2023 to 31 March 2024

The director presents her report and the financial statements for the period from 19 April 2023 to 31 March 2024.

Incorporation

The company was incorporated and commenced trading on 19 April 2023.

Director of the company

The director who held office during the period was as follows:

Mrs Anna Swinfield - Company secretary and director (appointed 19 April 2023)

Principal activity

The principal activity of the company is that of management consultants.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the director on 9 October 2024 and signed on its behalf by:

.........................................
Mrs Anna Swinfield
Company secretary and director

 

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Swinfield Relocation Ltd
for the Period Ended 31 March 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Swinfield Relocation Ltd for the period ended 31 March 2024 as set out on pages 4 to 8 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Swinfield Relocation Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Swinfield Relocation Ltd and state those matters that we have agreed to state to the Board of Directors of Swinfield Relocation Ltd, as a body. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Swinfield Relocation Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Swinfield Relocation Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Swinfield Relocation Ltd. You consider that Swinfield Relocation Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Swinfield Relocation Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Pattinsons Business Services Ltd
8 The Courtyard
Goldsmith Way
Eliot Business Park
Nuneaton
CV10 7RJ

9 October 2024

 

Swinfield Relocation Ltd

(Registration number: 14814181)
Balance Sheet as at 31 March 2024

Note

2024
£

Fixed assets

 

Tangible assets

5

288

Current assets

 

Debtors

6

23,710

Cash at bank and in hand

 

9,123

 

32,833

Creditors: Amounts falling due within one year

7

(18,274)

Net current assets

 

14,559

Total assets less current liabilities

 

14,847

Provisions for liabilities

(76)

Net assets

 

14,771

Capital and reserves

 

Called up share capital

8

100

Retained earnings

14,671

Shareholders' funds

 

14,771

For the financial period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 9 October 2024
 

.........................................
Mrs Anna Swinfield
Company secretary and director

 

Swinfield Relocation Ltd

Notes to the Unaudited Financial Statements for the Period from 19 April 2023 to 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
8 The Courtyard
Goldsmith Way
Eliot Business Park
Nuneaton
CV10 7RJ

These financial statements were authorised for issue by the director on 9 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Swinfield Relocation Ltd

Notes to the Unaudited Financial Statements for the Period from 19 April 2023 to 31 March 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer equipment

3 years straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Swinfield Relocation Ltd

Notes to the Unaudited Financial Statements for the Period from 19 April 2023 to 31 March 2024

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks, other third parties and loans to related parties.

3

Staff numbers

The average number of persons employed by the company during the period, was 1.

4

Profit before tax

Arrived at after charging/(crediting)

2024
£

Depreciation expense

69

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

358

358

At 31 March 2024

358

358

Depreciation

Charge for the period

70

70

At 31 March 2024

70

70

Carrying amount

At 31 March 2024

288

288

6

Debtors

2024
£

Trade debtors

23,098

Prepayments

612

23,710

 

Swinfield Relocation Ltd

Notes to the Unaudited Financial Statements for the Period from 19 April 2023 to 31 March 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

Due within one year

 

Taxation and social security

 

17,921

Other creditors

 

353

 

18,274

8

Share capital

Allotted, called up and fully paid shares

2024

No.

£

Ordinary of £1 each

100

100

   

9

Related party transactions

Transactions with the director

2024

At 19 April 2023
£

Advances to director
£

Repayments by director
£

At 31 March 2024
£

Loan to director

-

58,189

(58,542)

(353)

 

Interest has been charged at HMRC's beneficial loan interest rates on balances in excess of £10,000. The loan is repayable on demand.