Registered Number:07822284 |
For the year ended 30 November 2023
England and Wales
Unaudited Financial Statements
For the year ended 30 November 2023
Swannair Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Swannair Limited
Statement of Financial Position
2022
2023
Property, plant and equipment |
571,622
508,731
2
571,622
508,731
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
101
101
65,485
65,485
7
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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For the year ended 30 November 2023
Swannair Limited
Statement of Financial Position Continued
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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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. |
42 Goose Lane
Wickersley
Rotherham
S66 1JS
The presentation currency is £ sterling. |
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
Office & computer equipment
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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For the year ended 30 November 2023
Swannair Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment |
Office & |
computer |
equipment |
Motor vehicles
577,751
15,803
75,104
27,844
459,000
77,549
3,059
-
845
73,645
28,689
75,104
18,862
655,300
532,645
Provision for depreciation and impairment |
69,020
12,827
36,834
19,359
-
Charge for year
14,658
2,012
11,246
1,400
-
83,678
14,839
48,080
20,759
-
532,645
7,930
27,024
4,023
571,622
459,000
8,485
38,270
2,976
508,731
2022
2023
8,500
8,500
4. Trade and other receivables |
2022
2023
80,191
62,127
17,795
6,702
68,829
97,986
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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
7,919
7,694
86,408
47,145
Taxation and social security |
38,275
18,933
8,572
3,018
151,987
87,218
6. Trade and other payables: amounts falling due after more than one year |
2022
2023
12,591
20,676
Bank loans and overdraft (secured) |
163,591
173,353
176,182
194,029
Revaluation reserve at 01 December 2022 |
65,485
65,485
Revaluation reserve at 30 November 2023 |
8. Directors advances and guarantees |
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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