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Company Registration No. 04683211 (England and Wales)
Swan Systems Furniture Limited Unaudited accounts for the year ended 31 March 2024
Swan Systems Furniture Limited Unaudited accounts Contents
Page
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Swan Systems Furniture Limited Company Information for the year ended 31 March 2024
Directors
Patricia Colley Lisa Dymott
Company Number
04683211 (England and Wales)
Registered Office
Unit 6 East Street Titchfield Fareham PO14 4AR England
Accountants
Power Accountax Limited Mailbox 3, Solent Business Centre 343 Millbrook Road West Southampton SO15 0HW
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Swan Systems Furniture Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
21,338 
28,451 
Current assets
Inventories
45,705 
60,529 
Debtors
63,703 
52,740 
Cash at bank and in hand
- 
(1,597)
109,408 
111,672 
Creditors: amounts falling due within one year
(113,325)
(98,812)
Net current (liabilities)/assets
(3,917)
12,860 
Total assets less current liabilities
17,421 
41,311 
Creditors: amounts falling due after more than one year
(16,763)
(24,500)
Net assets
658 
16,811 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
558 
16,711 
Shareholders' funds
658 
16,811 
For the year ending 31 March 2024 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 3 June 2024 and were signed on its behalf by
Patricia Colley Director Company Registration No. 04683211
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Swan Systems Furniture Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Swan Systems Furniture Limited is a private company, limited by shares, registered in England and Wales, registration number 04683211. The registered office is Unit 6 East Street, Titchfield, Fareham, PO14 4AR, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Reducing balance
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 April 2023
245,359 
At 31 March 2024
245,359 
Depreciation
At 1 April 2023
216,908 
Charge for the year
7,113 
At 31 March 2024
224,021 
Net book value
At 31 March 2024
21,338 
At 31 March 2023
28,451 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
57,022 
37,280 
Accrued income and prepayments
575 
267 
Other debtors
6,106 
15,193 
63,703 
52,740 
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Swan Systems Furniture Limited Notes to the Accounts for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
24,177 
7,167 
VAT
12,279 
3,671 
Trade creditors
55,826 
46,118 
Taxes and social security
4,807 
32,595 
Other creditors
15,741 
8,357 
Loans from directors
495 
904 
113,325 
98,812 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
16,763 
24,500 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Patricia Colley
Advances to the director
(647)
164 
- 
(483)
Lisa Dymott
Advances to the director
(257)
245 
- 
(12)
(904)
409 
- 
(495)
9
Average number of employees
During the year the average number of employees was 8 (2023: 8).
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