Registered number
10423120
Swain Architecture Limited
Report and Accounts
31 October 2024
Swain Architecture Limited
Report to the director on the preparation of the unaudited statutory accounts of Swain Architecture Limited for the year ended 31 October 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Swain Architecture Limited for the year ended 31 October 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.
Coalesco Accountants Limited
Chartered Certified Accountants
156 Russell Drive
Wollaton
Nottingham
NG8 2BE
22 November 2024
Swain Architecture Limited
Registered number: 10423120
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 18,122 24,685
Current assets
Debtors 4 31,975 186,687
Cash at bank and in hand 81,245 43,294
113,220 229,981
Creditors: amounts falling due within one year 5 (30,663) (51,186)
Net current assets 82,557 178,795
Total assets less current liabilities 100,679 203,480
Creditors: amounts falling due after more than one year 6 (14,933) (23,018)
Net assets 85,746 180,462
Capital and reserves
Called up share capital 2 1
Profit and loss account 85,744 180,461
Shareholder's funds 85,746 180,462
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her 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 and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
E A Rhodes
Director
Approved by the board on 22 November 2024
Swain Architecture Limited
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 5 5
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 November 2023 55,352
Additions 2,272
Disposals (4,748)
At 31 October 2024 52,876
Depreciation
At 1 November 2023 30,667
Charge for the year 6,042
On disposals (1,955)
At 31 October 2024 34,754
Net book value
At 31 October 2024 18,122
At 31 October 2023 24,685
4 Debtors 2024 2023
£ £
Trade debtors 31,975 67,872
Directors loan account - 118,815
31,975 186,687
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 6,475 16,723
Corporation tax 3,478 22,275
Other taxes and social security costs 17,119 11,098
Other creditors 3,591 1,090
30,663 51,186
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 14,933 23,018
7 Other information
Swain Architecture Limited is a private company limited by shares and incorporated in England. Its registered office is:
9 Willow House
Melton Road
Long Clawson, Melton Mowbray
Leicestershire
LE14 4NR
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