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Company Registration No. 11158502 (England and Wales)
Switcha Limited Unaudited accounts for the year ended 31 January 2024
Switcha Limited Unaudited accounts Contents
Page
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Switcha Limited Company Information for the year ended 31 January 2024
Directors
Nathan Cafearo Alan Milne
Company Number
11158502 (England and Wales)
Registered Office
Second Floor, De Burgh House Market Road Wickford Essex SS12 0FD United Kingdom
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Switcha Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,831 
3,474 
Current assets
Debtors
36,602 
4,996 
Cash at bank and in hand
122,203 
104,479 
158,805 
109,475 
Creditors: amounts falling due within one year
(975,584)
(945,462)
Net current liabilities
(816,779)
(835,987)
Net liabilities
(814,948)
(832,513)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(814,949)
(832,514)
Shareholders' funds
(814,948)
(832,513)
For the year ending 31 January 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 31 October 2024 and were signed on its behalf by
Nathan Cafearo Director Company Registration No. 11158502
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Switcha Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Switcha Limited is a private company, limited by shares, registered in England and Wales, registration number 11158502. The registered office is Second Floor, De Burgh House, Market Road, Wickford, Essex, SS12 0FD, United Kingdom.
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:
Computer equipment
5 years
Research and development expenditure
Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated. Capitalised website and software costs are amortised over five years.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 February 2023
191,713 
At 31 January 2024
191,713 
Amortisation
At 1 February 2023
191,713 
At 31 January 2024
191,713 
Net book value
At 31 January 2024
- 
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Switcha Limited Notes to the Accounts for the year ended 31 January 2024
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 February 2023
8,215 
At 31 January 2024
8,215 
Depreciation
At 1 February 2023
4,741 
Charge for the year
1,643 
At 31 January 2024
6,384 
Net book value
At 31 January 2024
1,831 
At 31 January 2023
3,474 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
21,886 
1,075 
Other debtors
14,716 
3,921 
36,602 
4,996 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
38,313 
17,991 
Trade creditors
14,352 
6,000 
Amounts owed to group undertakings and other participating interests
776,856 
776,856 
Other creditors
26,548 
- 
Loans from directors
118,915 
144,015 
Accruals
600 
600 
975,584 
945,462 
8
Average number of employees
During the year the average number of employees was 5 (2023: 5).
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