REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 29 February 2024 |
for |
Switchboard Group Ltd |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 29 February 2024 |
for |
Switchboard Group Ltd |
Switchboard Group Ltd (Registered number: 13921347) |
Contents of the Financial Statements |
for the Year Ended 29 February 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Switchboard Group Ltd |
Company Information |
for the Year Ended 29 February 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Thatcher House |
12 Mount Ephraim |
Tunbridge Wells |
Kent |
TN4 8AS |
Switchboard Group Ltd (Registered number: 13921347) |
Balance Sheet |
29 February 2024 |
2024 | 2023 |
Notes | £ | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | 8 |
SHAREHOLDERS' FUNDS |
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. |
Switchboard Group Ltd (Registered number: 13921347) |
Balance Sheet - continued |
29 February 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
Switchboard Group Ltd (Registered number: 13921347) |
Notes to the Financial Statements |
for the Year Ended 29 February 2024 |
1. | STATUTORY INFORMATION |
Switchboard Group Ltd is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
BASIS OF PREPARING THE FINANCIAL STATEMENTS |
INVESTMENTS IN SUBSIDIARIES AND ASSOCIATES |
Investments in subsidiary and associates undertakings are recognised at cost. |
DEFERRED TAX |
Deferred tax is not recognised in respect of all timing differences that have originated but not reversed at the balance sheet date as these are considered immaterial. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2023 - NIL). |
4. | FIXED ASSET INVESTMENTS |
Unlisted |
investments |
£ |
COST |
At 1 March 2023 |
and 29 February 2024 |
NET BOOK VALUE |
At 29 February 2024 |
At 28 February 2023 |
The company's investments at the Balance Sheet date in the share capital of companies include the following: |
Registered office: 2nd Floor Melrose House, 42 Dingwall Road, Croydon, Surrey, United Kingdom, CR0 2NE |
Nature of business: |
% |
Class of shares: | holding |
Switchboard Group Ltd (Registered number: 13921347) |
Notes to the Financial Statements - continued |
for the Year Ended 29 February 2024 |
4. | FIXED ASSET INVESTMENTS - continued |
Registered office: 2nd Floor Melrose House, 42 Dingwall Road, Croydon, Surrey, England, CR0 2NE |
Nature of business: |
% |
Class of shares: | holding |
Registered office: 2nd Floor Melrose House, 42 Dingwall Road, Croydon, Surrey, England, CR0 2NE |
Nature of business: |
% |
Class of shares: | holding |
Registered office: 2nd Floor Melrose House, 42 Dingwall Road, Croydon, Surrey, England, CR0 2NE |
Nature of business: |
% |
Class of shares: | holding |
Registered office: 2nd Floor Melrose House, 42 Dingwall Road, Croydon, United Kingdom, CR0 2NE |
Nature of business: |
% |
Class of shares: | holding |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Directors' current accounts | 2,400 | 2,400 |
The directors consider the carrying value of trade and other receivables approximate to their fair values. |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Other loans (see note 7) |
Accrued expenses |
The directors consider the carrying amounts of current liabilities approximate to their fair values. |
Switchboard Group Ltd (Registered number: 13921347) |
Notes to the Financial Statements - continued |
for the Year Ended 29 February 2024 |
7. | LOANS |
An analysis of the maturity of loans is given below: |
2024 | 2023 |
£ | £ |
Amounts falling due within one year or on demand: |
Group undertaking loan |
8. | RESERVES |
Retained |
earnings |
£ |
At 1 March 2023 |
Profit for the year |
Dividends | ( |
) |
At 29 February 2024 |
The Profit and loss account comprises all current and prior period retained profit and losses after deducting any distributions made to the company's shareholders. This is a distributable reserve. |
9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to directors subsisted during the year ended 29 February 2024 and the period ended 28 February 2023: |
2024 | 2023 |
£ | £ |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
The directors loan was fully repaid within 9 months. |
Switchboard Group Ltd (Registered number: 13921347) |
Notes to the Financial Statements - continued |
for the Year Ended 29 February 2024 |
10. | RELATED PARTY DISCLOSURES |
At the end of the year company owed Nil (2023 - £1,000) to UK Boiler Company Limited, a fully owned subsidiary company. |
During the year the company has received management charges income of £4,000 (2023: £1,000) from UK Boiler Company Limited, a fully owned subsidiary company. |
11. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling parties are D Carlton and S Rahman, the directors and shareholders of the company. |