SWSS INVESTMENT LTD

Company Registration Number:
13785632 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

SWSS INVESTMENT LTD

Contents of the Financial Statements

for the Period Ended 31 December 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

SWSS INVESTMENT LTD

Directors' report period ended 31 December 2023

The directors present their report with the financial statements of the company for the period ended 31 December 2023

Principal activities of the company

The company's principal activity during the year continued to be non-specialized wholesale trade and other retail sale not in stores, stalls or markets.

Additional information

This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



Directors

The director shown below has held office during the whole of the period from
1 January 2023 to 31 December 2023

SHAHZAD, Aamir


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
3 March 2024

And signed on behalf of the board by:
Name: SHAHZAD, Aamir
Status: Director

SWSS INVESTMENT LTD

Profit And Loss Account

for the Period Ended 31 December 2023

2023 13 months to 31 December 2022


£

£
Turnover: 3,729,243 0
Cost of sales: ( 1,190,434 )
Gross profit(or loss): 2,538,809 0
Distribution costs: ( 1,654,882 )
Administrative expenses: ( 265,012 )
Operating profit(or loss): 618,915 0
Profit(or loss) before tax: 618,915 0
Tax: ( 7,608 )
Profit(or loss) for the financial year: 611,307 0

SWSS INVESTMENT LTD

Balance sheet

As at 31 December 2023

Notes 2023 13 months to 31 December 2022


£

£
Fixed assets
Tangible assets: 3 70,185 0
Total fixed assets: 70,185 0
Current assets
Debtors: 4 520,212
Cash at bank and in hand: 28,454 1
Total current assets: 548,666 1
Creditors: amounts falling due within one year: 5 ( 7,543 )
Net current assets (liabilities): 541,123 1
Total assets less current liabilities: 611,308 1
Total net assets (liabilities): 611,308 1
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 611,307
Total Shareholders' funds: 611,308 1

The notes form part of these financial statements

SWSS INVESTMENT LTD

Balance sheet statements

For the year ending 31 December 2023 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 3 March 2024
and signed on behalf of the board by:

Name: SHAHZAD, Aamir
Status: Director

The notes form part of these financial statements

SWSS INVESTMENT LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 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

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognized 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 depreciation policy

    Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life.

    Intangible fixed assets amortisation policy

    Intangible fixed assets are measured at cost less accumulative amortization and any accumulative impairment losses.

    Other accounting policies

    Debtors: Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

SWSS INVESTMENT LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 13 months to 31 December 2022
    Average number of employees during the period 12 0

SWSS INVESTMENT LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2023 0 0 0
Additions 48,332 34,238 82,570
Disposals
Revaluations
Transfers
At 31 December 2023 48,332 34,238 82,570
Depreciation
At 1 January 2023 0 0 0
Charge for year 7,250 5,135 12,385
On disposals
Other adjustments
At 31 December 2023 7,250 5,135 12,385
Net book value
At 31 December 2023 41,082 29,103 70,185
At 31 December 2022 0 0 0

SWSS INVESTMENT LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Debtors

2023 13 months to 31 December 2022
£ £
Trade debtors 520,212
Total 520,212

SWSS INVESTMENT LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Creditors: amounts falling due within one year note

2023
£
Trade creditors 7,543
Total 7,543