Silverfin false false 31/08/2024 01/09/2023 31/08/2024 C P H Witham 08/08/2013 T J Witham 08/08/2013 28 January 2025 The principal activity of the company during the financial year was that of show productions. 08643924 2024-08-31 08643924 bus:Director1 2024-08-31 08643924 bus:Director2 2024-08-31 08643924 2023-08-31 08643924 core:CurrentFinancialInstruments 2024-08-31 08643924 core:CurrentFinancialInstruments 2023-08-31 08643924 core:Non-currentFinancialInstruments 2024-08-31 08643924 core:Non-currentFinancialInstruments 2023-08-31 08643924 core:ShareCapital 2024-08-31 08643924 core:ShareCapital 2023-08-31 08643924 core:RetainedEarningsAccumulatedLosses 2024-08-31 08643924 core:RetainedEarningsAccumulatedLosses 2023-08-31 08643924 core:Goodwill 2023-08-31 08643924 core:ComputerSoftware 2023-08-31 08643924 core:Goodwill 2024-08-31 08643924 core:ComputerSoftware 2024-08-31 08643924 core:FurnitureFittings 2023-08-31 08643924 core:FurnitureFittings 2024-08-31 08643924 core:RemainingRelatedParties core:CurrentFinancialInstruments 2024-08-31 08643924 core:RemainingRelatedParties core:CurrentFinancialInstruments 2023-08-31 08643924 2023-09-01 2024-08-31 08643924 bus:FilletedAccounts 2023-09-01 2024-08-31 08643924 bus:SmallEntities 2023-09-01 2024-08-31 08643924 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 08643924 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 08643924 bus:Director1 2023-09-01 2024-08-31 08643924 bus:Director2 2023-09-01 2024-08-31 08643924 core:Goodwill core:TopRangeValue 2023-09-01 2024-08-31 08643924 core:FurnitureFittings 2023-09-01 2024-08-31 08643924 2022-09-01 2023-08-31 08643924 core:Goodwill 2023-09-01 2024-08-31 08643924 core:ComputerSoftware 2023-09-01 2024-08-31 08643924 core:Non-currentFinancialInstruments 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure

Company No: 08643924 (England and Wales)

SWISH SHOWS LIMITED

Unaudited Financial Statements
For the financial year ended 31 August 2024
Pages for filing with the registrar

SWISH SHOWS LIMITED

Unaudited Financial Statements

For the financial year ended 31 August 2024

Contents

SWISH SHOWS LIMITED

BALANCE SHEET

As at 31 August 2024
SWISH SHOWS LIMITED

BALANCE SHEET (continued)

As at 31 August 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 3 75,600 50,400
Tangible assets 4 628 1,255
76,228 51,655
Current assets
Debtors 5 15,244 10,285
Cash at bank and in hand 376 0
15,620 10,285
Creditors: amounts falling due within one year 6 ( 131,554) ( 94,358)
Net current liabilities (115,934) (84,073)
Total assets less current liabilities (39,706) (32,418)
Creditors: amounts falling due after more than one year 7 ( 19,673) ( 18,009)
Net liabilities ( 59,379) ( 50,427)
Capital and reserves
Called-up share capital 2 2
Profit and loss account ( 59,381 ) ( 50,429 )
Total shareholders' deficit ( 59,379) ( 50,427)

For the financial year ending 31 August 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Swish Shows Limited (registered number: 08643924) were approved and authorised for issue by the Board of Directors on 28 January 2025. They were signed on its behalf by:

C P H Witham
Director
SWISH SHOWS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2024
SWISH SHOWS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Swish Shows Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is The Studio, 117 Jumpers Road, Christchurch, BH23 2JS, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 10 years straight line
Computer software not amortised
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Fixtures and fittings 50 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Intangible assets

Goodwill Computer software Total
£ £ £
Cost
At 01 September 2023 22,000 50,400 72,400
Additions 0 25,200 25,200
At 31 August 2024 22,000 75,600 97,600
Accumulated amortisation
At 01 September 2023 22,000 0 22,000
At 31 August 2024 22,000 0 22,000
Net book value
At 31 August 2024 0 75,600 75,600
At 31 August 2023 0 50,400 50,400

4. Tangible assets

Fixtures and fittings Total
£ £
Cost
At 01 September 2023 18,804 18,804
At 31 August 2024 18,804 18,804
Accumulated depreciation
At 01 September 2023 17,549 17,549
Charge for the financial year 627 627
At 31 August 2024 18,176 18,176
Net book value
At 31 August 2024 628 628
At 31 August 2023 1,255 1,255

5. Debtors

2024 2023
£ £
Corporation tax 0 1,209
Other debtors 15,244 9,076
15,244 10,285

6. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans and overdrafts 3,702 8,575
Amounts owed to associates 1,000 0
Amounts owed to related parties 74,007 60,570
Other creditors 52,845 25,213
131,554 94,358

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

2024 2023
£ £
Bank loans 19,673 18,009

There are no amounts included above in respect of which any security has been given by the small entity.