1 July 2022 false No description of principal activity Taxfiler 2024.6 10831190business:PrivateLimitedCompanyLtd2022-07-012023-09-30 108311902022-06-30 108311902022-07-012023-09-30 10831190business:AuditExemptWithAccountantsReport2022-07-012023-09-30 10831190business:FilletedAccounts2022-07-012023-09-30 108311902023-09-30 108311902022-06-30 10831190core:WithinOneYear2023-09-30 10831190core:WithinOneYear2022-06-30 10831190core:AfterOneYear2023-09-30 10831190core:AfterOneYear2022-06-30 10831190core:ShareCapitalcore:PreviouslyStatedAmount2023-09-30 10831190core:ShareCapitalcore:PreviouslyStatedAmount2022-06-30 10831190core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-09-30 10831190core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-06-30 10831190core:PreviouslyStatedAmount2023-09-30 10831190core:PreviouslyStatedAmount2022-06-30 10831190business:SmallEntities2022-07-012023-09-30 10831190business:Director12022-07-012023-09-30 10831190countries:EnglandWales2022-07-012023-09-30 10831190business:RegisteredOffice2022-07-012023-09-30 10831190core:ComputerEquipment2022-07-012023-09-30 10831190core:ComputerEquipment2022-06-30 10831190core:ComputerEquipment2023-09-30 108311902021-07-012022-06-30 iso4217:GBP xbrli:pure
Company Registration No. 10831190 (England and Wales)
SWARM GROUP LTD Unaudited accounts for the period from 1 July 2022 to 30 September 2023
SWARM GROUP LTD Statement of financial position as at 30 September 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,683 
1,077 
Current assets
Debtors
14,650 
14,650 
Cash at bank and in hand
6,572 
9 
21,222 
14,659 
Creditors: amounts falling due within one year
(26,563)
(15,917)
Net current liabilities
(5,341)
(1,258)
Total assets less current liabilities
(3,658)
(181)
Creditors: amounts falling due after more than one year
(7,558)
(7,558)
Provisions for liabilities
Deferred tax
(320)
(114)
Net liabilities
(11,536)
(7,853)
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
(11,546)
(7,863)
Shareholders' funds
(11,536)
(7,853)
For the period ending 30 September 2023 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 17 January 2025 and were signed on its behalf by
Christopher Perry Director Company Registration No. 10831190
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SWARM GROUP LTD Notes to the Accounts for the period from 1 July 2022 to 30 September 2023
1
Statutory information
SWARM GROUP LTD is a private company, limited by shares, registered in England and Wales, registration number 10831190. The registered office is NETHERCOTT THE STREET, HOCKERING, DEREHAM, NORFOLK, NR20 3HJ, 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.
3
Accounting policies
These financial statements for the period from 1 July 2022 to 30 September 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 July 2021. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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:
Computer equipment
33% Reducing Balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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SWARM GROUP LTD Notes to the Accounts for the period from 1 July 2022 to 30 September 2023
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 July 2022
3,648 
Additions
1,500 
At 30 September 2023
5,148 
Depreciation
At 1 July 2022
2,571 
Charge for the period
894 
At 30 September 2023
3,465 
Net book value
At 30 September 2023
1,683 
At 30 June 2022
1,077 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
14,650 
14,650 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
- 
255 
Taxes and social security
24,405 
15,249 
Other creditors
- 
413 
Loans from directors
2,158 
- 
26,563 
15,917 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
7,558 
7,558 
8
Average number of employees
During the period the average number of employees was 1 (2022: 1).
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