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Registered Number: 10726380
England and Wales

 

 

 


Unaudited Financial Statements

for the year ended 30 April 2024

for

SWYPE GLOBAL LTD

 
 
 
£
2024
£
   
£
2023
£
Fixed assets 1,213  1,347 
Current assets 24,115  40,823 
Creditors: amount falling due within one year (1,151) (395)
Net current assets/(liabilities) 22,964  40,428 
Total assets less current liabilities 24,177  41,775 
Creditors: amount falling due after more than one year (48,533) (48,533)
Net assets/(liabilities) (24,356) (6,758)
 
Capital and reserves (24,356) (6,758)
 
  1. For the year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
  2. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.
  3. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Signed on behalf of the board of directors:


----------------------------------
Chidera Maduagwu
Director

Date approved: 29 May 2025
1
Statutory Information
SWYPE GLOBAL LTD is a private limited company, limited by shares, domiciled in England and Wales, registration number 10726380, registration address International House 776-778 Barking Road, Barking, London, E13 9PJ, England.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 105 Financial Reporting Standard for Micro Entities (effective January 2016).
Going Concern
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the directors who have undertaken to provide such support for the foreseeable future.

If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
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:
Computer Equipment10% Reducing Balance
2.

Tangible fixed assets

Cost or Valuation   Computer Equipment   Total
    £   £
At 01 May 2023   2,757    2,757 
Additions    
At 30 April 2024   2,757    2,757 
Depreciation
At 01 May 2023   1,409    1,409 
Charge for year   135    135 
At 30 April 2024   1,544    1,544 
Net book values
Closing balance as at 30 April 2024   1,213    1,213 
Opening balance as at 01 May 2023   1,348    1,348 

3.

Average number of employees

Average number of employees during the year were 4 (2023: 4).
2