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SWIMPLE LTD

Registered Number
SC710122
(Scotland)

Unaudited Financial Statements for the Year ended
31 December 2024

SWIMPLE LTD
Company Information
for the year from 1 January 2024 to 31 December 2024

Directors

David Crum
Nicholas Crum
Alistair Wood
Malcolm Wood

Registered Address

20 Craigie Way
Ayr
KA8 0HJ

Registered Number

SC710122 (Scotland)
SWIMPLE LTD
Balance Sheet as at
31 December 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets3122,40034,770
Tangible assets4384-
122,78434,770
Current assets
Debtors83668
Cash at bank and on hand3,790616
4,626684
Creditors amounts falling due within one year5(102,784)(3,022)
Net current assets (liabilities)(98,158)(2,338)
Total assets less current liabilities24,62632,432
Creditors amounts falling due after one year6(290,300)(146,500)
Net assets(265,674)(114,068)
Capital and reserves
Called up share capital11
Profit and loss account(265,675)(114,069)
Shareholders' funds(265,674)(114,068)
The financial statements were approved and authorised for issue by the Board of Directors on 28 January 2025, and are signed on its behalf by:
Nicholas Crum
Director
Registered Company No. SC710122
SWIMPLE LTD
Notes to the Financial Statements
for the year ended 31 December 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
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 (as applied to small entities by section 1A of the standard).
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Plant and machinery3
2.Average number of employees

20242023
Average number of employees during the year00
3.Intangible assets

Other

Total

££
Cost or valuation
At 01 January 2465,55865,558
Additions139,678139,678
At 31 December 24205,236205,236
Amortisation and impairment
At 01 January 2430,78830,788
Charge for year52,04852,048
At 31 December 2482,83682,836
Net book value
At 31 December 24122,400122,400
At 31 December 2334,77034,770
4.Tangible fixed assets

Plant & machinery

Total

££
Cost or valuation
Additions553553
At 31 December 24553553
Depreciation and impairment
Charge for year169169
At 31 December 24169169
Net book value
At 31 December 24384384
At 31 December 23--
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables1,6211,841
Other creditors100,313481
Accrued liabilities and deferred income850700
Total102,7843,022
6.Creditors: amounts due after one year

2024

2023

££
Other creditors290,300146,500
Total290,300146,500