Registered number
10803071
SWASTIK SERVICES LIMITED
Filleted Accounts
30 June 2024
SWASTIK SERVICES LIMITED
Registered number: 10803071
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Investment property 3 247,286 247,286
Current assets
Cash at bank and in hand 14,175 37,260
Creditors: amounts falling due within one year 4 (154,903) (184,394)
Net current liabilities (140,728) (147,134)
Total assets less current liabilities 106,558 100,152
Creditors: amounts falling due after more than one year 5 (18,061) (28,567)
Net assets 88,497 71,585
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 87,497 70,585
Shareholders' funds 88,497 71,585
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
SONEE, Kirti
Director
Approved by the board on 24 March 2025
SWASTIK SERVICES LIMITED
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
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 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.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Investments
Investment
Property
£
Fair Value
At 1 July 2023 247,286
At 30 June 2024 247,286
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 36,450 36,450
Taxation and social security costs 5,638 4,776
Other creditors 112,815 143,168
154,903 184,394
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 18,061 28,567
6 Other information
SWASTIK SERVICES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Viglen House Business Centre,
Alperton Lane,
Wembley,
England,
HA0 1HD
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