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REGISTERED NUMBER: 07330188 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

FOR

SWAT ACCESS LIMITED

SWAT ACCESS LIMITED (REGISTERED NUMBER: 07330188)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SWAT ACCESS LIMITED

COMPANY INFORMATION
for the Year Ended 31 January 2025







DIRECTORS: S May
Miss H R Whybro





REGISTERED OFFICE: Vantage House
3 East Terrace Business Park
Euxton Lane, Euxton
Chorley
Lancashire
PR7 6TB





REGISTERED NUMBER: 07330188 (England and Wales)





ACCOUNTANTS: Studholme-Bell Limited
Chartered Accountants
& Business Advisors
Vantage House
3 East Terrace Business Park
Euxton Lane, Euxton
Chorley
Lancashire
PR7 6TB

SWAT ACCESS LIMITED (REGISTERED NUMBER: 07330188)

BALANCE SHEET
31 January 2025

31.1.25 31.1.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 2,566,155 2,311,989

CURRENT ASSETS
Stocks 56,375 59,250
Debtors 6 332,789 339,001
Cash at bank 141,697 77,037
530,861 475,288
CREDITORS
Amounts falling due within one year 7 632,963 636,964
NET CURRENT LIABILITIES (102,102 ) (161,676 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,464,053

2,150,313

CREDITORS
Amounts falling due after more than one
year

8

(790,265

)

(705,172

)

PROVISIONS FOR LIABILITIES (606,226 ) (522,704 )
NET ASSETS 1,067,562 922,437

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 1,067,461 922,336
SHAREHOLDERS' FUNDS 1,067,562 922,437

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

SWAT ACCESS LIMITED (REGISTERED NUMBER: 07330188)

BALANCE SHEET - continued
31 January 2025


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 July 2025 and were signed on its behalf by:





Miss H R Whybro - Director


SWAT ACCESS LIMITED (REGISTERED NUMBER: 07330188)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2025


1. STATUTORY INFORMATION

Swat Access Limited is a private company, limited by shares, registered in England and Wales. The registered office address can be found on the company information page.

2. COMPLIANCE WITH ACCOUNTING STANDARDS

The accounts have been prepared in accordance with the provisions of FRS102 Section 1A small entities. There were no material departures from that standard.

3. ACCOUNTING POLICIES

Accounting policies
The principle accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year/period and have also been consistently applied within the same accounts.

Income recognition
Income is recognised when goods and services have been delivered to customers such that risks and rewards of ownership have transferred to them.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 10% on cost
Plant and machinery - 20% on reducing balance and 5% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacture / completion.

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans and directors' loans.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.


SWAT ACCESS LIMITED (REGISTERED NUMBER: 07330188)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2025


3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred taxation
Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.

Tax deferred or accelerated is accounted for in respect of all material timing differences.

Hire purchase and leasing commitments
Property, plant and equipment acquired under finance leases or hire purchase contracts are capitalised and depreciated in the same manner as other tangible assets. The related obligations, net of future finance charges, are included in creditors.

Rentals payable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 8 ) .

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 February 2024 122,841 2,653,151 19,797
Additions 11,279 383,325 -
Disposals - (13,450 ) -
At 31 January 2025 134,120 3,023,026 19,797
DEPRECIATION
At 1 February 2024 32,793 508,859 15,920
Charge for year 12,284 106,569 776
Eliminated on disposal - (6,152 ) -
At 31 January 2025 45,077 609,276 16,696
NET BOOK VALUE
At 31 January 2025 89,043 2,413,750 3,101
At 31 January 2024 90,048 2,144,292 3,877

SWAT ACCESS LIMITED (REGISTERED NUMBER: 07330188)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2025


5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 February 2024 193,058 3,185 2,992,032
Additions - 1,247 395,851
Disposals - - (13,450 )
At 31 January 2025 193,058 4,432 3,374,433
DEPRECIATION
At 1 February 2024 120,312 2,159 680,043
Charge for year 14,549 209 134,387
Eliminated on disposal - - (6,152 )
At 31 January 2025 134,861 2,368 808,278
NET BOOK VALUE
At 31 January 2025 58,197 2,064 2,566,155
At 31 January 2024 72,746 1,026 2,311,989

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 February 2024 2,434,817 186,645 2,621,462
Additions 370,325 - 370,325
Disposals (13,450 ) - (13,450 )
At 31 January 2025 2,791,692 186,645 2,978,337
DEPRECIATION
At 1 February 2024 381,310 119,030 500,340
Charge for year 102,030 13,523 115,553
Eliminated on disposal (6,152 ) - (6,152 )
At 31 January 2025 477,188 132,553 609,741
NET BOOK VALUE
At 31 January 2025 2,314,504 54,092 2,368,596
At 31 January 2024 2,053,507 67,615 2,121,122

SWAT ACCESS LIMITED (REGISTERED NUMBER: 07330188)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2025


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Trade debtors 309,195 324,851
VAT 3,444 -
Prepayments and accrued income 20,150 14,150
332,789 339,001

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Bank loans and overdrafts 82,301 59,918
Hire purchase contracts 312,705 362,515
Trade creditors 234,957 168,731
VAT - 42,800
Accruals and deferred income 3,000 3,000
632,963 636,964

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.25 31.1.24
£    £   
Bank loans - 1-2 years 25,050 59,918
Bank loans - 2-5 years 75,151 5,523
Bank loans more 5 yr by instal 16,508 -
Hire purchase contracts 669,211 636,150
Directors loan account 4,345 3,581
790,265 705,172

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 16,508 -

9. SECURED DEBTS

The following secured debts are included within creditors:

31.1.25 31.1.24
£    £   
Hire purchase contracts 981,916 998,665

Hire purchases liabilities are secured on the assets to which they relate.

10. ULTIMATE CONTROLLING PARTY

The controlling party is S May.