Company Registration No. 14632104 (England and Wales)
Swell Clean Ltd
Unaudited accounts
for the year ended 28 February 2025
Swell Clean Ltd
Unaudited accounts
Contents
Swell Clean Ltd
Company Information
for the year ended 28 February 2025
Director
Richard Matthew Graham
Company Number
14632104 (England and Wales)
Registered Office
2 Speedwell Drive
Bourne
PE10 0GA
England
Accountants
Taxsense
203 West Street
Fareham
Hants
PO16 0EN
Swell Clean Ltd
Accountants' report
Accountants' report to the director of Swell Clean Ltd on the preparation of the unaudited statutory accounts for the year ended 28 February 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Swell Clean Ltd for the year ended
28 February 2025 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Swell Clean Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Swell Clean Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Swell Clean Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Swell Clean Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Swell Clean Ltd. You consider that Swell Clean Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Swell Clean Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Taxsense
203 West Street
Fareham
Hants
PO16 0EN
21 March 2025
Swell Clean Ltd
Statement of financial position
as at 28 February 2025
Tangible assets
3,222
4,618
Cash at bank and in hand
-
716
Creditors: amounts falling due within one year
(13,223)
(7,806)
Net current assets/(liabilities)
434
(909)
Called up share capital
100
100
Profit and loss account
3,556
3,609
Shareholders' funds
3,656
3,709
For the year ending 28 February 2025 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 21 March 2025 and were signed on its behalf by
Richard Matthew Graham
Director
Company Registration No. 14632104
Swell Clean Ltd
Notes to the Accounts
for the year ended 28 February 2025
Swell Clean Ltd is a private company, limited by shares, registered in England and Wales, registration number 14632104. The registered office is 2 Speedwell Drive, Bourne, PE10 0GA, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing balance
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
4
Tangible fixed assets
Motor vehicles
Swell Clean Ltd
Notes to the Accounts
for the year ended 28 February 2025
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
7,565
4,650
Taxes and social security
315
-
Loans from directors
5,224
2,714
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Loan Accounts
(2,714)
(2,510)
-
(5,224)
8
Average number of employees
During the year the average number of employees was 0 (2024: 0).