The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
The financial statements contain information about Swain Enterprise Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company has taken the option under section 399 (2A) of the Companies Act 2006, which allows the exemption from preparing group accounts where the company is subject to the small companies regime.