| Registered Number:07822284 |
For the year ended 30 November 2024
England and Wales
Unaudited Financial Statements
For the year ended 30 November 2024
Swannair Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Swannair Limited
Statement of Financial Position
2023
2024
| Property, plant and equipment |
666,186
571,622
2
666,186
571,622
8,500
9,500
3
| Trade and other receivables |
97,986
75,192
4
113,412
| Cash and cash equivalents |
22,499
107,191
219,898
| Trade and other payables: amounts falling due within one year |
(151,987)
(74,855)
5
67,911
32,336
Net current assets
| Total assets less current liabilities |
698,522
639,533
| Trade and other payables: amounts falling due after more than one |
| year |
(176,182)
(175,343)
6
(9,136)
(8,712)
| Provisions for liabilities |
514,043
Net assets
454,639
101
101
152,840
65,485
7
361,102
389,053
514,043
454,639
Shareholders' funds
| For the year ended 30 November 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006 |
| The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
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For the year ended 30 November 2024
Swannair Limited
Statement of Financial Position Continued
| These financial statements were approved and authorised for issue by the Board on 22 August 2025 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 30 November 2024
Swannair Limited
Notes to the Financial Statements
Statutory Information
| Swannair Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number |
| 07822284. |
42 Goose Lane
Wickersley
Rotherham
S66 1JS
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard |
| 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The |
| financial statements have been prepared under the historical costs convention as modified by the revaluation of certain assets. |
Revenue recognition
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and machinery
Office & computer equipment
Motor vehicles
Investment property
| Investment properties are included in the balance sheet at their open market value at the balance sheet date. The resulting aggregate surplus or deficit is transferred to a revaluation reserve. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years. Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified. |
Deferred tax
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
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For the year ended 30 November 2024
Swannair Limited
Notes to the Financial Statements Continued
| 2. Property, plant and equipment |
| Office & |
| computer |
| equipment |
Motor vehicles
655,300
18,862
75,104
28,689
532,645
31,149
-
27,495
3,654
-
-
(28,259)
-
-
(28,259)
87,355
-
-
-
87,355
32,343
74,340
18,862
745,545
620,000
| Provision for depreciation and impairment |
83,678
14,839
48,080
20,759
-
Charge for year
18,775
1,341
15,696
1,738
-
(23,094)
-
(23,094)
-
-
79,359
16,180
40,682
22,497
-
620,000
9,846
33,658
2,682
666,186
532,645
7,930
27,024
4,023
571,622
2023
2024
9,500
8,500
| 4. Trade and other receivables |
2023
2024
58,049
80,191
17,143
17,795
97,986
75,192
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For the year ended 30 November 2024
Swannair Limited
Notes to the Financial Statements Continued
| 5. Trade and other payables: amounts falling due within one year |
2023
2024
| Bank loans and overdraft (secured) |
9,062
10,813
8,200
7,919
31,675
86,408
| Taxation and social security |
17,870
38,275
8,048
8,572
74,855
151,987
| 6. Trade and other payables: amounts falling due after more than one year |
2023
2024
4,253
12,591
| Bank loans and overdraft (secured) |
156,718
163,591
14,372
-
175,343
176,182
| Revaluation reserve at 01 December 2023 |
65,485
| Revaluation of fixed assets |
87,355
152,840
| Revaluation reserve at 30 November 2024 |
| 8. Directors advances and guarantees |
Scott Swann
Director's Loan
11,764
11,764
11,764
11,764
| 9. Average number of persons employed |
During the year the average number of employees was 4 (2023 : 4)
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