1 June 2023 false Taxfiler 2024.6 14861354business:PrivateLimitedCompanyLtd2023-06-012024-05-31 148613542023-05-31 148613542023-06-012024-05-31 14861354business:AuditExemptWithAccountantsReport2023-06-012024-05-31 14861354business:FilletedAccounts2023-06-012024-05-31 148613542024-05-31 14861354business:Director12023-06-012024-05-31 14861354business:RegisteredOffice2023-06-012024-05-31 14861354core:WithinOneYear2024-05-31 14861354core:AfterOneYear2024-05-31 14861354core:ShareCapitalcore:PreviouslyStatedAmount2024-05-31 14861354core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-05-31 14861354core:PreviouslyStatedAmount2024-05-31 14861354business:SmallEntities2023-06-012024-05-31 14861354countries:EnglandWales2023-06-012024-05-31 14861354core:MotorVehicles2023-06-012024-05-31 14861354core:MotorVehicles2023-05-31 14861354core:MotorVehicles2024-05-31 14861354core:MotorVehiclescore:LeasedAssetsHeldAsLessee2024-05-31 14861354business:OrdinaryShareClass12023-06-012024-05-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 14861354 (England and Wales)
Swy Enterprise Ltd Unaudited accounts for the year ended 31 May 2024
Swy Enterprise Ltd Unaudited accounts Contents
Page
- 2 -
Swy Enterprise Ltd Company Information for the year ended 31 May 2024
Director
HIRA NORONNOVI
Company Number
14861354 (England and Wales)
Registered Office
Flat 245 Proton Tower 8 Blackwall Way London London E14 9GN England
Accountants
CITYGATE CERTIFIED ACCOUNTANTS EAST LONDON BUSINESS CENTRE 93-101 GREENFIELD ROAD LONDON E1 1EJ
- 3 -
Swy Enterprise Ltd Statement of financial position as at 31 May 2024
2024 
Notes
£ 
Called up share capital not paid
100 
Fixed assets
Tangible assets
20,400 
Current assets
Cash at bank and in hand
2,194 
Creditors: amounts falling due within one year
(10,661)
Net current liabilities
(8,467)
Total assets less current liabilities
12,033 
Creditors: amounts falling due after more than one year
(13,869)
Net liabilities
(1,836)
Capital and reserves
Called up share capital
100 
Profit and loss account
(1,936)
Shareholders' funds
(1,836)
For the year ending 31 May 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 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 10 February 2025 and were signed on its behalf by
HIRA NORONNOVI Director Company Registration No. 14861354
- 4 -
Swy Enterprise Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Swy Enterprise Ltd is a private company, limited by shares, registered in England and Wales, registration number 14861354. The registered office is Flat 245, Proton Tower, 8 Blackwall Way, London, London, E14 9GN, England.
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
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
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.
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.
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:
Motor vehicles
10%
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 June 2023
- 
Additions
24,000 
At 31 May 2024
24,000 
Depreciation
Charge for the year
3,600 
At 31 May 2024
3,600 
Net book value
At 31 May 2024
20,400 
- 5 -
Swy Enterprise Ltd Notes to the Accounts for the year ended 31 May 2024
2024 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
- Motor vehicles
10 
5
Creditors: amounts falling due within one year
2024 
£ 
Taxes and social security
226 
Loans from directors
10,395 
Accruals
40 
10,661 
6
Creditors: amounts falling due after more than one year
2024 
£ 
Bank loans
13,869 
7
Share capital
2024 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
8
Average number of employees
During the year the average number of employees was 1.
- 6 -