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Registration number: 02899906

Swirlforce Limited

Unaudited Abridged Financial Statements

(Companies House version)

for the Year Ended 31 December 2024

 

Swirlforce Limited

Contents

Accountants' Report

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 7

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Swirlforce Limited
for the Year Ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Swirlforce Limited for the year ended 31 December 2024 as set out on pages 2 to 7 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance/.

This report is made solely to the Board of Directors of Swirlforce Limited, as a body, in accordance with the terms of our engagement letter dated 24 March 2025. Our work has been undertaken solely to prepare for your approval the accounts of Swirlforce Limited and state those matters that we have agreed to state to the Board of Directors of Swirlforce Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Swirlforce Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Swirlforce Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Swirlforce Limited. You consider that Swirlforce Limited 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 accounts of Swirlforce Limited. 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 accounts.

......................................

Page Kirk LLP
Chartered Accountants
Sherwood House
7 Gregory Boulevard
Nottingham
NG7 6LB

24 July 2025

 

Swirlforce Limited

(Registration number: 02899906)
Abridged Balance Sheet as at 31 December 2024

Note

31 December 2024

31 December 2023

   

£

£

£

£

Fixed assets

   

 

Tangible assets

4

 

204,931

 

192,197

Current assets

   

 

Stocks

5,000

 

5,000

 

Debtors

530,217

 

766,284

 

Cash at bank and in hand

 

1,406,423

 

1,225,945

 

 

1,941,640

 

1,997,229

 

Creditors: Amounts falling due within one year

5.1

(300,918)

 

(469,625)

 

Net current assets

   

1,640,722

 

1,527,604

Total assets less current liabilities

   

1,845,653

 

1,719,801

Creditors: Amounts falling due after more than one year

5.2

 

(2,438)

 

(3,336)

Provisions for liabilities

 

(31,919)

 

(19,877)

Net assets

   

1,811,296

 

1,696,588

Capital and reserves

   

 

Called up share capital

450

 

450

 

Capital redemption reserve

450

 

450

 

Profit and loss account

1,810,396

 

1,695,688

 

Total equity

   

1,811,296

 

1,696,588

 

Swirlforce Limited

(Registration number: 02899906)
Abridged Balance Sheet as at 31 December 2024

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 24 July 2025
 

.........................................
Mr R A Marriott
Company secretary and director

 

Swirlforce Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Sherwood House
7 Gregory Boulevard
Nottingham
Nottinghamshire
NG7 6LB

These financial statements were authorised for issue by the director on 24 July 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Basis of preparation of financial statements

These financial statements were prepared under the historical cost convention in accordance with applicable United Kingdom accounting standards, including the Financial Reporting Standard 102 ('FRS 102') Section 1A small entities, and with the Companies Act 2006.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Swirlforce Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture, fittings and equipment

25% reducing balance

Motor vehicles

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Swirlforce Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Government grants

Government grants are accounted for using the accrual model.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

During the year, the average number of employees at the company was 25 (2023 - 23).

 

Swirlforce Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 January 2024

91,690

342,653

434,343

Additions

5,091

81,140

86,231

Disposals

(955)

(78,429)

(79,384)

At 31 December 2024

95,826

345,364

441,190

Depreciation

At 1 January 2024

53,733

188,413

242,146

Charge for the period

10,181

42,565

52,746

Eliminated on disposal

(864)

(57,769)

(58,633)

At 31 December 2024

63,050

173,209

236,259

Carrying amount

At 31 December 2024

32,776

172,155

204,931

At 31 December 2023

37,957

154,240

192,197

5

Creditors

Creditors: amounts falling due within one year


Creditors include net obligations under finance lease and hire purchase contracts which are secured of £13,088 (2023 - £16,684).

Creditors: amounts falling due after more than one year


Creditors include net obligations under finance lease and hire purchase contracts which are secured of £2,438 (2023 - £3,336).

6

Obligations under leases and hire purchase contracts

Operating leases

Hire Purchase Agreements

At 31 December 2024 the company had total commitments under non-cancellable hire purchase agreements over the remaining life of the agreements of £16,426 (2023 - £21,755).