IRIS Accounts Production v24.3.0.553 11886542 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh118865422023-03-31118865422024-03-31118865422023-04-012024-03-31118865422022-03-31118865422022-04-012023-03-31118865422023-03-3111886542ns15:EnglandWales2023-04-012024-03-3111886542ns14:PoundSterling2023-04-012024-03-3111886542ns10:Director12023-04-012024-03-3111886542ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3111886542ns10:SmallEntities2023-04-012024-03-3111886542ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3111886542ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3111886542ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3111886542ns10:FullAccounts2023-04-012024-03-3111886542ns10:Director22023-04-012024-03-3111886542ns10:RegisteredOffice2023-04-012024-03-3111886542ns5:CurrentFinancialInstruments2024-03-3111886542ns5:CurrentFinancialInstruments2023-03-3111886542ns5:Non-currentFinancialInstruments2024-03-3111886542ns5:Non-currentFinancialInstruments2023-03-3111886542ns5:ShareCapital2024-03-3111886542ns5:ShareCapital2023-03-3111886542ns5:RetainedEarningsAccumulatedLosses2024-03-3111886542ns5:RetainedEarningsAccumulatedLosses2023-03-3111886542ns5:PlantMachinery2023-04-012024-03-3111886542ns5:FurnitureFittings2023-04-012024-03-3111886542ns5:PlantMachinery2023-03-3111886542ns5:PlantMachinery2024-03-3111886542ns5:PlantMachinery2023-03-3111886542ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3111886542ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-31118865421ns10:Director12023-03-31118865421ns10:Director12022-03-31118865421ns10:Director12023-04-012024-03-31118865421ns10:Director12022-04-012023-03-31118865421ns10:Director12024-03-31118865421ns10:Director12023-03-31
REGISTERED NUMBER: 11886542 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

The Swan Bromsgrove Ltd

The Swan Bromsgrove Ltd (Registered number: 11886542)






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


The Swan Bromsgrove Ltd

Company Information
for the year ended 31 March 2024







DIRECTORS: Mr P Witherford
Mrs S J Witherford





REGISTERED OFFICE: Meryll House
57 Worcester Road
Bromsgrove
Worcestershire
B61 7DN





REGISTERED NUMBER: 11886542 (England and Wales)





ACCOUNTANTS: Pinfields Limited
Chartered Accountants
Meryll House
57 Worcester Road
Bromsgrove
Worcestershire
B61 7DN

The Swan Bromsgrove Ltd (Registered number: 11886542)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 122,685 110,525

CURRENT ASSETS
Stocks 15,383 11,695
Debtors 5 3,323 3,167
Cash at bank and in hand 371,506 329,124
390,212 343,986
CREDITORS
Amounts falling due within one year 6 229,572 166,584
NET CURRENT ASSETS 160,640 177,402
TOTAL ASSETS LESS CURRENT
LIABILITIES

283,325

287,927

CREDITORS
Amounts falling due after more than one
year

7

(21,994

)

(37,373

)

PROVISIONS FOR LIABILITIES (24,786 ) (21,746 )
NET ASSETS 236,545 228,808

The Swan Bromsgrove Ltd (Registered number: 11886542)

Balance Sheet - continued
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 236,445 228,708
SHAREHOLDERS' FUNDS 236,545 228,808

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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 November 2024 and were signed on its behalf by:





Mr P Witherford - Director


The Swan Bromsgrove Ltd (Registered number: 11886542)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

The Swan Bromsgrove Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

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 Statement of Income and Retained Earnings, 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.


The Swan Bromsgrove Ltd (Registered number: 11886542)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2023 - 26 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 238,710
Additions 53,055
At 31 March 2024 291,765
DEPRECIATION
At 1 April 2023 128,185
Charge for year 40,895
At 31 March 2024 169,080
NET BOOK VALUE
At 31 March 2024 122,685
At 31 March 2023 110,525

The Swan Bromsgrove Ltd (Registered number: 11886542)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 3,323 3,167

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 14,256 13,877
Trade creditors 71,531 62,110
Taxation and social security 70,151 79,365
Other creditors 73,634 11,232
229,572 166,584

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 21,994 37,373

8. SECURED DEBTS

The bank loan is secured by a fixed and floating charge over all assets.

9. GUARANTEES AND OTHER FINANCIAL COMMITMENTS

The company had total commitments under non-cancellable operating leases of £52,227 (2023 - £88,227).

There is also a company guarantee supported by a debenture pledged by ' The Swan Bromsgrove Ltd' in respect of the borrowings of 'The Contemporary Carvery Co Ltd'. At 31st March 2024: £149,152 was the potential contingent liability (2023 - £172,432).

The Swan Bromsgrove Ltd (Registered number: 11886542)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
Mr P Witherford
Balance outstanding at start of year - 100
Amounts advanced - 1,464
Amounts repaid - (1,564 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -