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Company No: 13600462 (England and Wales)

SHE SWINGS LIMITED

Unaudited Financial Statements
For the financial year ended 30 September 2024
Pages for filing with the registrar

SHE SWINGS LIMITED

Unaudited Financial Statements

For the financial year ended 30 September 2024

Contents

SHE SWINGS LIMITED

BALANCE SHEET

As at 30 September 2024
SHE SWINGS LIMITED

BALANCE SHEET (continued)

As at 30 September 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 489 0
489 0
Current assets
Stocks 25,704 1,190
Debtors 4 656 1,269
Cash at bank and in hand 2,733 1,622
29,093 4,081
Creditors: amounts falling due within one year 5 ( 73,657) ( 25,521)
Net current liabilities (44,564) (21,440)
Total assets less current liabilities (44,075) (21,440)
Net liabilities ( 44,075) ( 21,440)
Capital and reserves
Called-up share capital 3 3
Profit and loss account ( 44,078 ) ( 21,443 )
Total shareholders' deficit ( 44,075) ( 21,440)

For the financial year ending 30 September 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of She Swings Limited (registered number: 13600462) were approved and authorised for issue by the Director on 27 May 2025. They were signed on its behalf by:

J C Picton
Director
SHE SWINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
SHE SWINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 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

She Swings 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 19 Lee Bank, Westhoughton, Bolton, BL5 3HQ, England, 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 director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director notes that the business has net liabilities of £44,075 (2023: £21,440). The Company is supported through loans from the director and the shareholders. The director has confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the director and shareholders will continue to support the Company. Given the current position, the director believes that any foreseeable debts can be met 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

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

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

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:

Computer equipment 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

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. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents 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 creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the period 0 0

The director did not receive any remuneration in the year (2023: £Nil).

3. Tangible assets

Computer equipment Total
£ £
Cost
At 01 October 2023 0 0
Additions 499 499
At 30 September 2024 499 499
Accumulated depreciation
At 01 October 2023 0 0
Charge for the financial year 10 10
At 30 September 2024 10 10
Net book value
At 30 September 2024 489 489
At 30 September 2023 0 0

4. Debtors

2024 2023
£ £
Trade debtors 0 ( 50)
Other debtors 656 1,319
656 1,269

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 888 0
Other creditors 72,769 25,521
73,657 25,521

6. Related party transactions

The director provided funding to the company of £9,900 (2023: £2,819) in the year. At the year end £14,949 (2023: £5,049) was owed to the director. The loan is interest free and repayable on demand.

A shareholder provided funding to the company of £37,299 (2023: £9,761) in the year. At the year end £57,821 (2023: £20,522) was owed to the shareholder. The loan is interest free and repayable on demand.