Company registration number:
SC545468
Swan Electrics Ltd.
Unaudited filleted financial statements
30 September 2024
Swan Electrics Ltd.
Contents
Directors and other information
Accountants report
Statement of financial position and notes to the financial statements
Swan Electrics Ltd.
Directors and other information
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Director |
Stephen Clark |
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Company number |
SC545468 |
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Registered office |
8 Forest Place |
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Townhill |
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Dunfermline |
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Fife |
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KY12 0EP |
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Accountants |
John Lynch & Co |
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Torridon House |
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Torridon Lane |
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Rosyth |
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Fife |
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KY11 2EU |
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Swan Electrics Ltd.
Report to the director on the preparation of the
unaudited statutory financial statements of Swan Electrics Ltd.
Year ended 30 September 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Swan Electrics Ltd. for the year ended 30 September 2024 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of ICAS , we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.
This report is made solely to the director of Swan Electrics Ltd., as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Swan Electrics Ltd. and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Swan Electrics Ltd. and its director as a body for our work or for this report.
It is your duty to ensure that Swan Electrics Ltd. has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Swan Electrics Ltd.. You consider that Swan Electrics Ltd. is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Swan Electrics Ltd.. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
John Lynch & Co
Chartered Accountants
Torridon House
Torridon Lane
Rosyth
Fife
KY11 2EU
15 April 2025
Swan Electrics Ltd.
Statement of financial position
30 September 2024
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2024 |
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2023 |
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£ |
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£ |
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Current assets |
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12,061 |
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16,433 |
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Creditors: amounts falling due within one year |
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(
5,915) |
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(
9,873) |
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_______ |
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_______ |
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Net current assets |
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6,146 |
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6,560 |
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_______ |
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_______ |
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Total assets less current liabilities |
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6,146 |
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6,560 |
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Accruals and deferred income |
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(
720) |
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(
720) |
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_______ |
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_______ |
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Net assets |
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5,426 |
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5,840 |
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_______ |
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_______ |
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Capital and reserves |
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5,426 |
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5,840 |
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_______ |
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Swan Electrics Ltd.
Year ended 30 September 2024
Notes to the financial statements
1.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2023:
1
).
2.
Directors advances, credits and guarantees
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During the year the director entered into the following advances and credits with the company: |
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2024 |
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Balance brought forward |
Advances /(credits) to the director |
Balance o/standing |
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£ |
£ |
£ |
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Stephen Clark |
(
8,397) |
2,482 |
(
5,915) |
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_______ |
_______ |
_______ |
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2023 |
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Balance brought forward |
Advances /(credits) to the director |
Balance o/standing |
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£ |
£ |
£ |
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Stephen Clark |
(
18,255) |
9,858 |
(
8,397) |
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_______ |
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For the 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.
Directors responsiblities:
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The member has not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the
board of directors
and authorised for issue on
15 April 2025
, and are signed on behalf of the board by:
Stephen Clark
Director
Company registration number:
SC545468
The company is a private company limited by shares, registered in Scotland.