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Registered number: 5412890
Swiss Watches Direct Limited
Unaudited Financial Statements
For The Year Ended 30 April 2025
Chandler Tuck Limited
Chartered Accountants
1st Floor
30 North Street
Ashford
Kent
TN24 8JR
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 5412890
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 1,446
- 1,446
CURRENT ASSETS
Stocks 5 23,182 29,838
Debtors 6 32,174 28,680
Cash at bank and in hand 274,187 300,236
329,543 358,754
Creditors: Amounts Falling Due Within One Year 7 (89,827 ) (82,979 )
NET CURRENT ASSETS (LIABILITIES) 239,716 275,775
TOTAL ASSETS LESS CURRENT LIABILITIES 239,716 277,221
NET ASSETS 239,716 277,221
CAPITAL AND RESERVES
Called up share capital 8 102 102
Profit and Loss Account 239,614 277,119
SHAREHOLDERS' FUNDS 239,716 277,221
For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr G A Beal
Director
29 May 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Swiss Watches Direct Limited is a private company, limited by shares, incorporated in England & Wales, registered number 5412890 . The registered office is Birch House, Beaulieu Drive, Stone Cross, Pevensey, BN24 5DN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 15% on cost
Computer Equipment 25% on cost
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 May 2024 4,122 45,369 49,491
As at 30 April 2025 4,122 45,369 49,491
Depreciation
As at 1 May 2024 4,122 43,923 48,045
Provided during the period - 1,446 1,446
As at 30 April 2025 4,122 45,369 49,491
Net Book Value
As at 30 April 2025 - - -
As at 1 May 2024 - 1,446 1,446
Page 2
Page 3
5. Stocks
2025 2024
£ £
Finished goods 23,182 29,838
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 28,425 28,570
Other debtors 3,749 110
32,174 28,680
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 4,131 8,554
Other creditors 28,344 16,617
Taxation and social security 57,352 57,808
89,827 82,979
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 102 102
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 May 2024 Amounts advanced Amounts repaid Amounts written off As at 30 April 2025
£ £ £ £ £
Mr G A Beal - 3,048 - - 3,048
The above loan is unsecured and repayable on demand. Interest is charged at 2.25%.  The loan was repaid on 29 May 2025.
10. Dividends
2025 2024
£ £
On equity shares:
Interim dividend paid 39,000 43,000
11. Controlling Party
The company's controlling party is the director, G A Beal, by virtue of his ownership of 51% of the issued voting share capital in the company.
Page 3