Company Registration No. 08061728 (England and Wales)
SWINCTEC EUROPE LTD
Unaudited accounts
for the year ended 31 October 2024
SWINCTEC EUROPE LTD
Unaudited accounts
Contents
SWINCTEC EUROPE LTD
Company Information
for the year ended 31 October 2024
Director
Syed Muhammad Imran Shah
Company Number
08061728 (England and Wales)
Registered Office
Waterloo House
The Square
Corwen
LL21 0DL
Wales
SWINCTEC EUROPE LTD
Statement of financial position
as at 31 October 2024
Cash at bank and in hand
3,379
9,659
Creditors: amounts falling due within one year
(10,579)
(29)
Net current assets
14,637
23,572
Total assets less current liabilities
14,712
23,722
Creditors: amounts falling due after more than one year
(22,806)
(27,577)
Net liabilities
(8,094)
(3,855)
Called up share capital
1
1
Profit and loss account
(8,095)
(3,856)
Shareholders' funds
(8,094)
(3,855)
For the year ending 31 October 2024 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 30 May 2025 and were signed on its behalf by
Syed Muhammad Imran Shah
Director
Company Registration No. 08061728
SWINCTEC EUROPE LTD
Notes to the Accounts
for the year ended 31 October 2024
SWINCTEC EUROPE LTD is a private company, limited by shares, registered in England and Wales, registration number 08061728. The registered office is Waterloo House, The Square, Corwen, LL21 0DL, Wales.
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.
These financial statements for the year ended 31 October 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 November 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
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:
Fixtures & fittings
25% on straight line
Computer equipment
25% on straight line
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 November 2023
300
2,315
2,615
At 31 October 2024
300
2,315
2,615
At 1 November 2023
150
2,315
2,465
Charge for the year
75
-
75
At 31 October 2024
225
2,315
2,540
At 31 October 2024
75
-
75
At 31 October 2023
150
-
150
SWINCTEC EUROPE LTD
Notes to the Accounts
for the year ended 31 October 2024
Amounts falling due within one year
Other debtors
12,294
4,399
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,200
-
Taxes and social security
29
29
7
Creditors: amounts falling due after more than one year
2024
2023
8
Transactions with related parties
Included in other debtors there is a balance of £3,084 which was owed by the director at the year end date. The balance has been repaid post year end.
9
Average number of employees
During the year the average number of employees was 1 (2023: 0).