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REGISTERED NUMBER: 11246470 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Swallow Lakes Limited

Swallow Lakes Limited (Registered number: 11246470)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Swallow Lakes Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs B Gorman
Mr S S Gorman
Mr W G Gorman
Mr J J Gorman





REGISTERED OFFICE: Court Farm
Tewkesbury Road
Twigworth
Gloucester
Gloucestershire
GL2 9PX





REGISTERED NUMBER: 11246470 (England and Wales)





ACCOUNTANTS: Stanbridge Accountancy Services Limited
9 Wheatstone Court
Waterwells Business Park
Davy Way
Gloucester
Gloucestershire
GL2 2AQ

Swallow Lakes Limited (Registered number: 11246470)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 185,201 131,111

CURRENT ASSETS
Stocks 549,654 305,803
Debtors 5 1,598,887 1,707,815
Cash at bank 113,941 97,787
2,262,482 2,111,405
CREDITORS
Amounts falling due within one year 6 714,365 522,033
NET CURRENT ASSETS 1,548,117 1,589,372
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,733,318

1,720,483

RESERVES
Retained earnings 1,733,318 1,720,483
1,733,318 1,720,483

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Swallow Lakes Limited (Registered number: 11246470)

Balance Sheet - continued
31 March 2024


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 Board of Directors and authorised for issue on 17 October 2024 and were signed on its behalf by:





Mr S S Gorman - Director


Swallow Lakes Limited (Registered number: 11246470)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Swallow Lakes Limited 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.

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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Swallow Lakes Limited (Registered number: 11246470)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 342,078
Additions 174,665
At 31 March 2024 516,743
DEPRECIATION
At 1 April 2023 210,967
Charge for year 120,575
At 31 March 2024 331,542
NET BOOK VALUE
At 31 March 2024 185,201
At 31 March 2023 131,111

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 198,471 182,050
Amounts owed by group undertakings 1,400,416 1,525,765
1,598,887 1,707,815

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 74,836 59,013
Amounts owed to group undertakings 401,384 190,533
Taxation and social security 34,770 56,414
Other creditors 203,375 216,073
714,365 522,033