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
Tangible assets
1,683
1,077
Cash at bank and in hand
6,572
9
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
Net liabilities
(11,536)
(7,853)
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
SWARM GROUP LTD
Notes to the Accounts
for the period from 1 July 2022 to 30 September 2023
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.
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.
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.
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 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 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.
SWARM GROUP LTD
Notes to the Accounts
for the period from 1 July 2022 to 30 September 2023
4
Tangible fixed assets
Computer equipment
At 30 September 2023
5,148
At 30 September 2023
3,465
At 30 September 2023
1,683
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
Loans from directors
2,158
-
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the period the average number of employees was 1 (2022: 1).