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REGISTERED NUMBER: 06106260 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH APRIL 2024

FOR

SWAN SHIPPING COMPANY LIMITED

SWAN SHIPPING COMPANY LIMITED (REGISTERED NUMBER: 06106260)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30th April 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


SWAN SHIPPING COMPANY LIMITED

COMPANY INFORMATION
for the year ended 30th April 2024







DIRECTOR: P J Rowland





REGISTERED OFFICE: Priestley House
Priestley Gardens
Chadwell Heath
Essex
RM6 4SN





REGISTERED NUMBER: 06106260 (England and Wales)





ACCOUNTANTS: Chegwidden & Co
Chartered Accountants
Priestley House
Priestley Gardens
Chadwell Heath
Essex
RM6 4SN

SWAN SHIPPING COMPANY LIMITED (REGISTERED NUMBER: 06106260)

ABRIDGED BALANCE SHEET
30th April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,443 33,056

CURRENT ASSETS
Debtors 194,748 135,565
Cash at bank and in hand 718,577 855,020
913,325 990,585
CREDITORS
Amounts falling due within one year 96,200 179,992
NET CURRENT ASSETS 817,125 810,593
TOTAL ASSETS LESS CURRENT
LIABILITIES

837,568

843,649

PROVISIONS FOR LIABILITIES 5,180 8,264
NET ASSETS 832,388 835,385

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 832,387 835,384
SHAREHOLDERS' FUNDS 832,388 835,385

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

SWAN SHIPPING COMPANY LIMITED (REGISTERED NUMBER: 06106260)

ABRIDGED BALANCE SHEET - continued
30th April 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30th April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23rd April 2025 and were signed by:





P J Rowland - Director


SWAN SHIPPING COMPANY LIMITED (REGISTERED NUMBER: 06106260)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30th April 2024

1. STATUTORY INFORMATION

Swan Shipping Company Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Rendering of services - When providing day services, turnover is usually recognised on completion of the service and, for monthly engagements, it is recognised by reference to the stage of completion at the balance sheet date.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

SWAN SHIPPING COMPANY LIMITED (REGISTERED NUMBER: 06106260)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30th April 2024

2. ACCOUNTING POLICIES - continued

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in the profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st May 2023 114,497
Disposals (37,878 )
At 30th April 2024 76,619
DEPRECIATION
At 1st May 2023 81,441
Charge for year 8,268
Eliminated on disposal (33,533 )
At 30th April 2024 56,176
NET BOOK VALUE
At 30th April 2024 20,443
At 30th April 2023 33,056

5. RELATED PARTY DISCLOSURES

Mr P J Rowland is also a director of Walcabe Transport Limited. During the year the following related party transactions took place:

Balance at


Sales

Purchases
30th April
2024
£ £ £
Walcabe Transport Limited - -
Walcabe Transport Limited 56,710 11,406