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REGISTERED NUMBER: 12855391 (England and Wales)















Swim4it Limited

Unaudited Financial Statements

for the Year Ended 30 September 2024






Swim4it Limited (Registered number: 12855391)






Contents of the Financial Statements
for the year ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Swim4it Limited

Company Information
for the year ended 30 September 2024







DIRECTORS: RDJ Fornasier
JA Fornasier





REGISTERED OFFICE: Cobwood Down
Pilgrims Way
Kemsing
Kent
TN15 6XB





REGISTERED NUMBER: 12855391 (England and Wales)





ACCOUNTANTS: McMillan & Co LLP
Chartered Accountants
28 Eaton Avenue
Matrix Office Park
Buckshaw Village
Chorley
Lancashire
PR7 7NA

Swim4it Limited (Registered number: 12855391)

Balance Sheet
30 September 2024

2024 2023
Notes £ £ £
FIXED ASSETS
Tangible assets 4 1,460 1,947

CURRENT ASSETS
Cash at bank 117,584 129,492

CREDITORS
Amounts falling due within one year 5 133,894 129,182
NET CURRENT (LIABILITIES)/ASSETS (16,310 ) 310
TOTAL ASSETS LESS CURRENT
LIABILITIES

(14,850

)

2,257

PROVISIONS FOR LIABILITIES 6 277 370
NET (LIABILITIES)/ASSETS (15,127 ) 1,887

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings (15,129 ) 1,885
SHAREHOLDERS' FUNDS (15,127 ) 1,887

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

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

The directors acknowledge their 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.

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 2 June 2025 and were signed on its behalf by:




RDJ Fornasier - Director


Swim4it Limited (Registered number: 12855391)

Notes to the Financial Statements
for the year ended 30 September 2024

1. STATUTORY INFORMATION

Swim4it 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The amounts in the financial statements have been rounded to the nearest £1.

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.

The financial statements have been prepared on the going concern basis despite the excess of liabilities over assets as the director has indicated his willingness to continue to support the company.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

Financial instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Basic financial assets, which include debtors, prepayments and bank balances, are initially measured at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the asset is measured at the present value of the future receipts discounted at a market rate of interest. Basic financial liabilities, which include creditors, accruals, bank loans and group borrowings, are initially recognised at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the liability is measured at the present value of the future obligations discounted at a market rate of interest.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Swim4it Limited (Registered number: 12855391)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£
COST
At 1 October 2023
and 30 September 2024 4,039
DEPRECIATION
At 1 October 2023 2,092
Charge for year 487
At 30 September 2024 2,579
NET BOOK VALUE
At 30 September 2024 1,460
At 30 September 2023 1,947

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 6,561 10,838
Taxation and social security 6,507 31,004
Other creditors 120,826 87,340
133,894 129,182

The amounts outstanding on the directors' current accounts of £104,897 (2023 : £70,818) are included in other creditors They are unsecured, interest free and have no fixed repayment terms.

6. PROVISIONS FOR LIABILITIES
2024 2023
£ £
Deferred tax
Accelerated capital allowances 277 370

Swim4it Limited (Registered number: 12855391)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

6. PROVISIONS FOR LIABILITIES - continued

Deferred tax
£
Balance at 1 October 2023 370
Credit to Statement of Income and Retained Earnings during year (93 )
Balance at 30 September 2024 277

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
1 Ordinary A £1 1 1
1 Ordinary B £1 1 1
2 2

8. RELATED PARTY DISCLOSURES

In the opinion of the directors the company is controlled by RDJ Fornasier.