2022-12-01 07822284 2023-11-30 07822284 2022-12-01 2023-11-30 07822284 2022-11-30 07822284 2021-12-01 2022-11-30 07822284 uk-core:WithinOneYear 2022-11-30 07822284 uk-core:WithinOneYear 2023-11-30 07822284 uk-core:AfterOneYear 2022-11-30 07822284 uk-core:AfterOneYear 2023-11-30 07822284 uk-core:ShareCapital 2023-11-30 07822284 uk-core:ShareCapital 2022-11-30 07822284 uk-core:RevaluationReserve 2023-11-30 07822284 uk-core:RevaluationReserve 2022-11-30 07822284 uk-core:RetainedEarningsAccumulatedLosses 2023-11-30 07822284 uk-core:RetainedEarningsAccumulatedLosses 2022-11-30 07822284 uk-bus:Director1 2022-12-01 2023-11-30 07822284 uk-core:PlantMachinery 2022-12-01 2023-11-30 07822284 uk-core:ToolsEquipment 2022-12-01 2023-11-30 07822284 uk-core:CommercialMotorVehicles 2022-12-01 2023-11-30 07822284 uk-core:ToolsEquipment 2022-11-30 07822284 uk-core:CommercialMotorVehicles 2022-11-30 07822284 uk-core:PlantMachinery 2022-11-30 07822284 uk-core:Buildings 2022-11-30 07822284 uk-core:Buildings 2022-12-01 2023-11-30 07822284 uk-core:PlantMachinery 2023-11-30 07822284 uk-core:CommercialMotorVehicles 2023-11-30 07822284 uk-core:ToolsEquipment 2023-11-30 07822284 uk-core:Buildings 2023-11-30 07822284 uk-core:WithinOneYear uk-core:Secured 2023-11-30 07822284 uk-core:WithinOneYear uk-core:Secured 2022-11-30 07822284 uk-core:WithinOneYear 2023-11-30 07822284 uk-core:WithinOneYear 2022-11-30 07822284 uk-core:AfterOneYear uk-core:Secured 2023-11-30 07822284 uk-core:AfterOneYear uk-core:Secured 2022-11-30 07822284 2 uk-bus:Director1 2022-12-01 2023-11-30 07822284 2 uk-bus:Director1 2023-11-30 07822284 2 uk-bus:Director1 2022-11-30 iso4217:GBP xbrli:pure 07822284 uk-bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 07822284 uk-bus:FRS102 2022-12-01 2023-11-30 07822284 uk-bus:FilletedAccounts 2022-12-01 2023-11-30 07822284 uk-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30
Swannair Limited
Registered Number:07822284
For the year ended 30 November 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 30 November 2023
Swannair Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
07822284
As at 30 November 2023
Swannair Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
571,622
508,731
2
571,622
508,731
Current assets
Inventories
8,500
8,500
3
Trade and other receivables
68,829
97,986
4
167,846
Cash and cash equivalents
113,412
219,898
245,175
Trade and other payables: amounts falling due within one year
(87,218)
(151,987)
5
157,957
67,911
Net current assets
Total assets less current liabilities
639,533
666,688
Trade and other payables: amounts falling due after more than one
year
(194,029)
(176,182)
6
(8,712)
(10,090)
Provisions for liabilities
454,639
Net assets
462,569
Capital and reserves
Called up share capital
101
101
Revaluation reserve
65,485
65,485
7
Retained earnings
389,053
396,983
454,639
462,569
Shareholders' funds
For the year ended 30 November 2023 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 of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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4
Registered Number :
07822284
For the year ended 30 November 2023
Swannair Limited
Statement of Financial Position Continued
Scott Swann Director
These financial statements were approved and authorised for issue by the Board on 06 September 2024 and were signed by:
The notes form part of these financial statements
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5
For the year ended 30 November 2023
Swannair Limited
Notes to the Financial Statements
Statutory Information
Swannair Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number
07822284.
Registered address:
42 Goose Lane
Wickersley
Rotherham
S66 1JS
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard
102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The
financial statements have been prepared under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
15% Reducing balance
15% Reducing balance
Office & computer equipment
25% Reducing balance
Motor vehicles
Investment property
Investment properties are included in the balance sheet at their open market value at the balance sheet date. The resulting aggregate surplus or deficit is transferred to a revaluation reserve. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years. Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
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6
For the year ended 30 November 2023
Swannair Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Office &
computer
equipment
Motor vehicles
Plant and
machinery
Land and
buildings
£
£
£
£
£
Cost or valuation
At 01 December 2022
577,751
15,803
75,104
27,844
459,000
77,549
3,059
-
845
73,645
Additions
At 30 November 2023
28,689
75,104
18,862
655,300
532,645
Provision for depreciation and impairment
At 01 December 2022
69,020
12,827
36,834
19,359
-
Charge for year
14,658
2,012
11,246
1,400
-
At 30 November 2023
83,678
14,839
48,080
20,759
-
At 30 November 2023
Net book value
532,645
7,930
27,024
4,023
571,622
At 30 November 2022
459,000
8,485
38,270
2,976
508,731
3. Inventories
2022
2023
£
£
Stocks
8,500
8,500
4. Trade and other receivables
2022
2023
£
£
Trade debtors
80,191
62,127
Other debtors
17,795
6,702
68,829
97,986
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7
For the year ended 30 November 2023
Swannair Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft (secured)
10,813
10,428
Bank loans and overdraft
7,919
7,694
Trade creditors
86,408
47,145
Taxation and social security
38,275
18,933
Other creditors
8,572
3,018
151,987
87,218
6. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
12,591
20,676
Bank loans and overdraft (secured)
163,591
173,353
176,182
194,029
7. Reserves
Total
£
Revaluation reserve at 01 December 2022
65,485
65,485
Revaluation reserve at 30 November 2023
8. Directors advances and guarantees
At 01/12/2022
At 30/11/2023
£
£
Scott Swann
Director's Loan
-
11,764
-
11,764
9. Average number of persons employed
During the year the average number of employees was 4 (2022 : 4)
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