Company Registration No. 8006258 (England and Wales)
Swayam Lets Ltd
Unaudited accounts
for the year ended 31 March 2024
Swayam Lets Ltd
Unaudited accounts
Contents
Swayam Lets Ltd
Company Information
for the year ended 31 March 2024
Directors
Monce Vamadevan
Sheeba Anil Kumar
Company Number
8006258 (England and Wales)
Registered Office
146 HIGH STREET NORTH
LONDON
LONDON
E6 2HT
United Kingdom
Swayam Lets Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
24,902
24,536
Cash at bank and in hand
16,117
34,053
Creditors: amounts falling due within one year
(80,278)
(162,634)
Net current assets
29,133
57,571
Total assets less current liabilities
54,035
82,107
Creditors: amounts falling due after more than one year
(14,053)
(21,856)
Called up share capital
2
2
Profit and loss account
39,980
60,249
Shareholders' funds
39,982
60,251
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 directors acknowledge their 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 of Directors and authorised for issue on 27 December 2024 and were signed on its behalf by
Sheeba Anil Kumar
Director
Company Registration No. 8006258
Swayam Lets Ltd
Notes to the Accounts
for the year ended 31 March 2024
Swayam Lets Ltd is a private company, limited by shares, registered in England and Wales, registration number 8006258. The registered office is 146 HIGH STREET NORTH, LONDON, LONDON, E6 2HT, United Kingdom.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
18% on WDV basis
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2023
15,995
52,728
68,723
At 31 March 2024
15,995
58,560
74,555
At 1 April 2023
7,175
37,012
44,187
Charge for the year
1,587
3,879
5,466
At 31 March 2024
8,762
40,891
49,653
At 31 March 2024
7,233
17,669
24,902
At 31 March 2023
8,820
15,716
24,536
Swayam Lets Ltd
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Trade debtors
64,701
150,911
Other debtors
28,593
35,241
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
76,469
51,007
Taxes and social security
2,877
2,485
Other creditors
5,836
103,144
Loans from directors
(6,090)
3,428
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
5,386
9,188
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).