SWAC LIMITED

Company Registration Number:
10118408 (England and Wales)

Unaudited statutory accounts for the year ended 30 April 2024

Period of accounts

Start date: 01 May 2023

End date: 30 April 2024

SWAC LIMITED

Contents of the Financial Statements

for the Period Ended 30 April 2024

Company Information - 3
Profit and Loss Account - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 10

SWAC LIMITED

Company Information

for the Period Ended 30 April 2024




Director: Ian Cowell
Secretary: Susan Ann Betteridge
Registered office: 230
Thong Lane
Gravesend
Kent
England
DA12 4LF
Company Registration Number: 10118408 (England and Wales)

SWAC LIMITED

Profit and Loss Account

for the Period Ended 30 April 2024


Notes

2024
£

2023
£
Turnover 455,318 379,378
Cost of sales ( 312,466 ) ( 255,960 )
Gross Profit or (Loss) 142,852 123,418
Distribution Costs ( 739 ) ( 1,661 )
Administrative Expenses ( 135,713 ) ( 126,066 )
Operating Profit or (Loss) 6,400 ( 4,309 )
Interest Payable and Similar Charges ( 3,165 ) ( 3,447 )
Profit or (Loss) Before Tax 3,235 ( 7,756 )
Profit or (Loss) for Period 3,235 ( 7,756 )

The notes form part of these financial statements

SWAC LIMITED

Balance sheet

As at 30 April 2024


Notes

2024
£

2023
£
Fixed assets
Intangible assets: 4 11,613 13,536
Tangible assets: 5 2,411 3,014
Total fixed assets: 14,024 16,550
Current assets
Stocks: 8,143 7,590
Debtors: 6 52,963 50,769
Cash at bank and in hand: 847 4,005
Total current assets: 61,953 62,364
Creditors: amounts falling due within one year: 7 ( 84,004 ) ( 79,076 )
Net current assets (liabilities): ( 22,051 ) ( 16,712 )
Total assets less current liabilities: ( 8,027 ) ( 162 )
Creditors: amounts falling due after more than one year: 8 ( 17,900 ) ( 29,000 )
Total net assets (liabilities): ( 25,927 ) ( 29,162 )

The notes form part of these financial statements

SWAC LIMITED

Balance sheet continued

As at 30 April 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 2 2
Profit and loss account: ( 25,929 ) ( 29,164 )
Shareholders funds: ( 25,927 ) ( 29,162 )

For the year ending 30 April 2024 the company was entitled to exemption 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.

This report was approved by the board of directors on 12 January 2025
And Signed On Behalf Of The Board By:

Name: Ian Cowell
Status: Director

The notes form part of these financial statements

SWAC LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

SWAC LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 6 6

SWAC LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 3. Off balance sheet disclosure

    No

SWAC LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

4. Intangible assets

Other Total
Cost £ £
At 01 May 2023 25,000 25,000
Additions - -
Disposals - -
Revaluations - -
Transfers - -
At 30 April 2024 25,000 25,000
Amortisation
Amortisation at 01 May 2023 11,464 11,464
Charge for year 1,923 1,923
On disposals - -
Other adjustments - -
Amortisation at 30 April 2024 13,387 13,387
Net book value
Net book value at 30 April 2024 11,613 11,613
Net book value at 30 April 2023 13,536 13,536

SWAC LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

5. Tangible assets

Office equipment Total
Cost £ £
At 01 May 2023 5,595 5,595
Additions - -
Disposals - -
Revaluations - -
Transfers - -
At 30 April 2024 5,595 5,595
Depreciation
At 01 May 2023 2,581 2,581
Charge for year 603 603
On disposals - -
Other adjustments - -
At 30 April 2024 3,184 3,184
Net book value
At 30 April 2024 2,411 2,411
At 30 April 2023 3,014 3,014

SWAC LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

6. Debtors


2024
£

2023
£
Trade debtors 251 833
Prepayments and accrued income 980 2,080
Other debtors 51,732 47,856
Total 52,963 50,769

SWAC LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

7.Creditors: amounts falling due within one year note


2024
£

2023
£
Bank loans and overdrafts 10,634 19,711
Trade creditors 30,000 34,153
Taxation and social security 43,370 25,212
Total 84,004 79,076

SWAC LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

8.Creditors: amounts falling due after more than one year


2024
£

2023
£
Bank loans and overdrafts 17,900 29,000
Total 17,900 29,000