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REGISTERED NUMBER: 04911020 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

SWAIN BROS LIMITED

SWAIN BROS LIMITED (REGISTERED NUMBER: 04911020)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SWAIN BROS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Timothy Daniel Swain
Andrew Patrick Swain





REGISTERED OFFICE: Archer House
Britland Estate
Northbourne Road
Eastbourne
East Sussex
BN22 8PW





REGISTERED NUMBER: 04911020 (England and Wales)





ACCOUNTANTS: Dominic Hill Associates Limited
Archer House
Britland Estate
Northbourne Road
Eastbourne
BN22 8PW

SWAIN BROS LIMITED (REGISTERED NUMBER: 04911020)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 174,884 137,462
174,884 137,462

CURRENT ASSETS
Stocks 51,257 4,400
Debtors 6 49,352 53,012
100,609 57,412
CREDITORS
Amounts falling due within one year 7 166,816 118,323
NET CURRENT LIABILITIES (66,207 ) (60,911 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

108,677

76,551

CREDITORS
Amounts falling due after more than one
year

8

50,455

74,684
NET ASSETS 58,222 1,867

CAPITAL AND RESERVES
Called up share capital 22 22
Revaluation reserve 9 57,434 -
Retained earnings 766 1,845
SHAREHOLDERS' FUNDS 58,222 1,867

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

SWAIN BROS LIMITED (REGISTERED NUMBER: 04911020)

BALANCE SHEET - continued
31 DECEMBER 2024


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 14 August 2025 and were signed on its behalf by:




Timothy Daniel Swain - Director



Andrew Patrick Swain - Director


SWAIN BROS LIMITED (REGISTERED NUMBER: 04911020)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Swain Bros Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced sales of goods and services excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 20% on cost

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

SWAIN BROS LIMITED (REGISTERED NUMBER: 04911020)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 50,000
AMORTISATION
At 1 January 2024
and 31 December 2024 50,000
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST OR VALUATION
At 1 January 2024 244,448
Additions 949
Revaluations (24,041 )
At 31 December 2024 221,356
DEPRECIATION
At 1 January 2024 106,986
Charge for year 20,962
Revaluation adjustments (81,476 )
At 31 December 2024 46,472
NET BOOK VALUE
At 31 December 2024 174,884
At 31 December 2023 137,462

Cost or valuation at 31 December 2024 is represented by:

Plant and
machinery
etc
£   
Valuation in 2024 (24,041 )
Cost 245,397
221,356

SWAIN BROS LIMITED (REGISTERED NUMBER: 04911020)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,015 5,175
Other debtors 46,337 47,837
49,352 53,012

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 100,528 48,841
Hire purchase contracts 20,403 20,403
Trade creditors 33,117 35,862
Taxation and social security 9,616 2,709
Other creditors 3,152 10,508
166,816 118,323

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 6,203 18,911
Hire purchase contracts 44,252 55,773
50,455 74,684

9. RESERVES
Revaluation
reserve
£   
Revaluation reserve 57,434

At 31 December 2024 57,434

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in debtors are loans to the directors. There are no terms attached to these loans.

11. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party. The directors of the company hold 45% of the issued share capital each.