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Company Registration No. 11570150 (England and Wales)
Swan Commercial Finance Limited Unaudited accounts for the year ended 31 March 2024
Swan Commercial Finance Limited Unaudited accounts Contents
Page
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Swan Commercial Finance Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
55 
83 
Current assets
Debtors
12,500 
12,523 
Cash at bank and in hand
14,542 
40,194 
27,042 
52,717 
Creditors: amounts falling due within one year
(26,665)
(38,199)
Net current assets
377 
14,518 
Net assets
432 
14,601 
Capital and reserves
Called up share capital
11 
11 
Profit and loss account
421 
14,590 
Shareholders' funds
432 
14,601 
For the year ending 31 March 2024 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 14 September 2024 and were signed on its behalf by
Mr Richard Swan Director Company Registration No. 11570150
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Swan Commercial Finance Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Swan Commercial Finance Limited is a private company, limited by shares, registered in England and Wales, registration number 11570150. The registered office is The Oaks, Crayke, York, YO61 4TQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33% Reducing Balance
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 April 2023
419 
At 31 March 2024
419 
Depreciation
At 1 April 2023
336 
Charge for the year
28 
At 31 March 2024
364 
Net book value
At 31 March 2024
55 
At 31 March 2023
83 
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Swan Commercial Finance Limited Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
- 
23 
Other debtors
12,500 
12,500 
12,500 
12,523 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
3,285 
13,658 
Other creditors
23,380 
24,541 
26,665 
38,199 
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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