Silverfin false false 31/10/2024 01/11/2023 31/10/2024 B A Widdowson 31/10/2017 G A Widdowson 05/06/2013 01 April 2025 no description of principal activity 08265841 2024-10-31 08265841 bus:Director1 2024-10-31 08265841 bus:Director2 2024-10-31 08265841 2023-10-31 08265841 core:CurrentFinancialInstruments 2024-10-31 08265841 core:CurrentFinancialInstruments 2023-10-31 08265841 core:Non-currentFinancialInstruments 2024-10-31 08265841 core:Non-currentFinancialInstruments 2023-10-31 08265841 core:ShareCapital 2024-10-31 08265841 core:ShareCapital 2023-10-31 08265841 core:RetainedEarningsAccumulatedLosses 2024-10-31 08265841 core:RetainedEarningsAccumulatedLosses 2023-10-31 08265841 core:OtherPropertyPlantEquipment 2023-10-31 08265841 core:OtherPropertyPlantEquipment 2024-10-31 08265841 core:CurrentFinancialInstruments 10 2024-10-31 08265841 core:CurrentFinancialInstruments 10 2023-10-31 08265841 core:MoreThanFiveYears 2024-10-31 08265841 core:MoreThanFiveYears 2023-10-31 08265841 2023-11-01 2024-10-31 08265841 bus:FilletedAccounts 2023-11-01 2024-10-31 08265841 bus:SmallEntities 2023-11-01 2024-10-31 08265841 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 08265841 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 08265841 bus:Director1 2023-11-01 2024-10-31 08265841 bus:Director2 2023-11-01 2024-10-31 08265841 core:OtherPropertyPlantEquipment 2023-11-01 2024-10-31 08265841 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure

Company No: 08265841 (England and Wales)

SW1 TRADING LIMITED

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

SW1 TRADING LIMITED

Unaudited Financial Statements

For the financial year ended 31 October 2024

Contents

SW1 TRADING LIMITED

COMPANY INFORMATION

For the financial year ended 31 October 2024
SW1 TRADING LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 October 2024
DIRECTORS B A Widdowson
G A Widdowson
REGISTERED OFFICE The Kelling Estate Office
Kelling
NR25 7EW
United Kingdom
COMPANY NUMBER 08265841 (England and Wales)
ACCOUNTANT Gravita Essex Limited
Treviot House
186-192 High Road
Ilford
Essex
IG1 1LR
United Kingdom
SW1 TRADING LIMITED

BALANCE SHEET

As at 31 October 2024
SW1 TRADING LIMITED

BALANCE SHEET (continued)

As at 31 October 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 75,000 0
75,000 0
Current assets
Stocks 7,508,520 8,101,530
Debtors 4 11,925 13,511
Cash at bank and in hand 111,866 414,278
7,632,311 8,529,319
Creditors: amounts falling due within one year 5 ( 21,654) ( 11,177)
Net current assets 7,610,657 8,518,142
Total assets less current liabilities 7,685,657 8,518,142
Creditors: amounts falling due after more than one year 6 ( 7,868,556) ( 8,143,556)
Net (liabilities)/assets ( 182,899) 374,586
Capital and reserves
Called-up share capital 1 1
Profit and loss account ( 182,900 ) 374,585
Total shareholders' (deficit)/funds ( 182,899) 374,586

For the financial year ending 31 October 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 SW1 Trading Limited (registered number: 08265841) were approved and authorised for issue by the Board of Directors on 01 April 2025. They were signed on its behalf by:

G A Widdowson
Director
SW1 TRADING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2024
SW1 TRADING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 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

SW1 Trading 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 Kelling Estate Office, Kelling, NR25 7EW, 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 represents the total invoice value of sales made, excluding value added tax during the year.

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.

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 or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 25 % reducing balance
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value.

2. Employees

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

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 November 2023 0 0
Additions 80,000 80,000
At 31 October 2024 80,000 80,000
Accumulated depreciation
At 01 November 2023 0 0
Charge for the financial year 5,000 5,000
At 31 October 2024 5,000 5,000
Net book value
At 31 October 2024 75,000 75,000
At 31 October 2023 0 0

4. Debtors

2024 2023
£ £
Trade debtors 11,925 12,536
Other taxation and social security 0 975
11,925 13,511

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 2,132 4,318
Other taxation and social security 16,377 3,855
Other creditors 3,145 3,004
21,654 11,177

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

2024 2023
£ £
Other creditors 7,868,556 8,143,556

Amounts repayable after more than 5 years are included in creditors falling due over one year:

2024 2023
£ £
Other creditors (repayable by instalments) 7,868,556 8,143,556