IRIS Accounts Production v24.2.0.383 13514837 director 1.9.23 31.8.24 31.8.24 false true false false true false Ordinary A 1.00000 Ordinary B 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh135148372023-08-31135148372024-08-31135148372023-09-012024-08-31135148372022-08-31135148372022-09-012023-08-31135148372023-08-3113514837ns15:EnglandWales2023-09-012024-08-3113514837ns14:PoundSterling2023-09-012024-08-3113514837ns10:Director12023-09-012024-08-3113514837ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3113514837ns10:SmallEntities2023-09-012024-08-3113514837ns10:AuditExempt-NoAccountantsReport2023-09-012024-08-3113514837ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3113514837ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3113514837ns10:FullAccounts2023-09-012024-08-3113514837ns10:OrdinaryShareClass12023-09-012024-08-3113514837ns10:OrdinaryShareClass22023-09-012024-08-3113514837ns10:RegisteredOffice2023-09-012024-08-3113514837ns5:CurrentFinancialInstruments2024-08-3113514837ns5:CurrentFinancialInstruments2023-08-3113514837ns5:ShareCapital2024-08-3113514837ns5:ShareCapital2023-08-3113514837ns5:RetainedEarningsAccumulatedLosses2024-08-3113514837ns5:RetainedEarningsAccumulatedLosses2023-08-3113514837ns5:PlantMachinery2023-09-012024-08-3113514837ns5:PlantMachinery2024-08-3113514837ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-3113514837ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-3113514837ns10:OrdinaryShareClass12024-08-3113514837ns10:OrdinaryShareClass22024-08-3113514837ns5:RetainedEarningsAccumulatedLosses2023-08-3113514837ns5:RetainedEarningsAccumulatedLosses2023-09-012024-08-31
REGISTERED NUMBER: 13514837 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31 August 2024

for

SWITCH MANAGEMENT LTD

SWITCH MANAGEMENT LTD (REGISTERED NUMBER: 13514837)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SWITCH MANAGEMENT LTD

Company Information
for the Year Ended 31 August 2024







DIRECTOR: John Thomas Angus





REGISTERED OFFICE: 160 Broad Street
Birmingham
B15 1DT





REGISTERED NUMBER: 13514837 (England and Wales)





ACCOUNTANTS: Brindleys Limited
2 Wheeleys Road
Edgbaston
Birmingham
West Midlands
B15 2LD

SWITCH MANAGEMENT LTD (REGISTERED NUMBER: 13514837)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,896 -

CURRENT ASSETS
Debtors 5 1,218,671 344,097
Cash at bank and in hand 578,661 291,943
1,797,332 636,040
CREDITORS
Amounts falling due within one year 6 1,192,636 207,546
NET CURRENT ASSETS 604,696 428,494
TOTAL ASSETS LESS CURRENT
LIABILITIES

609,592

428,494

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 609,492 428,394
SHAREHOLDERS' FUNDS 609,592 428,494

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 December 2024 and were signed by:



John Thomas Angus - Director


SWITCH MANAGEMENT LTD (REGISTERED NUMBER: 13514837)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Switch Management 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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 27 (2023 - 9 ) .

SWITCH MANAGEMENT LTD (REGISTERED NUMBER: 13514837)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 5,714
At 31 August 2024 5,714
DEPRECIATION
Charge for year 818
At 31 August 2024 818
NET BOOK VALUE
At 31 August 2024 4,896

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,168,723 178,567
Other debtors 37,589 158,008
Prepayments 12,359 7,522
1,218,671 344,097

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 799,966 64,823
Tax 58,734 58,146
Social security and other taxes 41,799 17,209
VAT 148,668 58,961
Other creditors 12,338 4,907
Accrued expenses 131,131 3,500
1,192,636 207,546

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
25 Ordinary A 1 25 25
75 Ordinary B 1 75 75
100 100

SWITCH MANAGEMENT LTD (REGISTERED NUMBER: 13514837)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

8. RESERVES
Retained
earnings
£   

At 1 September 2023 428,394
Profit for the year 181,098
At 31 August 2024 609,492