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Registered Number: 07344217
England and Wales

 

 

 


Unaudited Financial Statements

for the year ended 30 June 2024

for

SWART SERVICE SOLUTIONS LIMITED

 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Intangible fixed assets 3 8,000    9,000 
Tangible fixed assets 4 33,582    38,607 
41,582    47,607 
Current assets      
Stocks 5 1,322    2,645 
Debtors 6 164,145    247,001 
Cash at bank and in hand 63,554    40,504 
229,021    290,150 
Creditors: amount falling due within one year 7 (69,933)   (121,755)
Net current assets 159,088    168,395 
 
Total assets less current liabilities 200,670    216,002 
Creditors: amount falling due after more than one year 8 (28,316)   (68,508)
Net assets 172,354    147,494 
 

Capital and reserves
     
Called up share capital 9 100    100 
Profit and loss account 172,254    147,394 
Shareholders' funds 172,354    147,494 
 


For the year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 27 March 2025 and were signed by:


-------------------------------
A Swart
Director
1
General Information
Swart Service Solutions Limited is a private company, limited by shares, registered in England and Wales, registration number 07344217, registration address 87 Oakfield Road , Selly Park, Birmingham, West Midlands, B29 7HL.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Sale of goods
Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
The Company has transferred the significant risks and rewards of ownership to the buyer
The Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
The amount of revenue can be measured reliably;
It is probable that the Company will receive the consideration due under the transaction; and
The costs incurred or to be incurred in respect of the transaction can be measured reliably.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of twenty years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles 15% Reducing Balance
Plant and Machinery 15% Straight Line
Computer Equipment 33% Straight Line
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Debtors and creditors receivable/ payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in the other administrative expenses.


Cash and cash equivalents
Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
2.

Average number of employees

Average number of employees during the year was 1 (2023 : 1).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 July 2023 20,000    20,000 
Additions  
Disposals  
At 30 June 2024 20,000    20,000 
Amortisation
At 01 July 2023 11,000    11,000 
Charge for year 1,000    1,000 
On disposals  
At 30 June 2024 12,000    12,000 
Net book values
At 30 June 2024 8,000    8,000 
At 30 June 2023 9,000    9,000 


4.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Computer Equipment   Total
  £   £   £   £
At 01 July 2023 2,893    58,973    865    62,731 
Additions     999    999 
Disposals      
At 30 June 2024 2,893    58,973    1,864    63,730 
Depreciation
At 01 July 2023 2,722    20,537    865    24,124 
Charge for year 147    5,766    111    6,024 
On disposals      
At 30 June 2024 2,869    26,303    976    30,148 
Net book values
Closing balance as at 30 June 2024 24    32,670    888    33,582 
Opening balance as at 01 July 2023 171    38,436      38,607 

The net book value of Motor Vehicles includes £ 32,542 (2023 £38,285) in respect of assets leased under finance leases or hire purchase contracts.

5.

Stocks

2024
£
  2023
£
Stocks 1,322    2,645 
1,322    2,645 

6.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 151,562    207,937 
Other Debtors 12,583    39,064 
164,145    247,001 

7.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 1,690    27,719 
Taxation and Social Security 10,328    30,347 
Other Creditors 57,915    63,689 
69,933    121,755 

8.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Obligations under HP/Financial Leases 12,451    34,482 
Other Creditors 15,865    34,026 
28,316    68,508 

9.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
100 Ordinary shares of £1.00 each 100    100 
100    100 

2