Registered number
06833681
Swindon Airsoft Supplies Limited
Filleted Accounts
31 March 2025
Swindon Airsoft Supplies Limited
Registered number: 06833681
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 16,086 24,511
Current assets
Stocks 10,278 19,278
Debtors 4 8,633 14,822
Cash at bank and in hand 35,196 52,935
54,107 87,035
Creditors: amounts falling due within one year 5 (16,864) (22,048)
Net current assets 37,243 64,987
Net assets 53,329 89,498
Capital and reserves
Called up share capital 500 500
Capital Redemption Reserve 500 500
Profit and loss account 52,329 88,498
Shareholders' funds 53,329 89,498
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P Clayton
Director
Approved by the board on 26 August 2025
Swindon Airsoft Supplies Limited
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings over the lease term
Plant and machinery over 4 years
Fixtures, fittings, tools and equipment over 4 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 2 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 April 2024 2,115 42,575 44,690
Disposals - (517) (517)
At 31 March 2025 2,115 42,058 44,173
Depreciation
At 1 April 2024 948 19,231 20,179
Charge for the year 584 7,840 8,424
On disposals - (516) (516)
At 31 March 2025 1,532 26,555 28,087
Net book value
At 31 March 2025 583 15,503 16,086
At 31 March 2024 1,167 23,344 24,511
4 Debtors 2025 2024
£ £
Other debtors 8,633 14,822
5 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 14,597 35,139
Taxation and social security costs 369 (13,415)
Other creditors 1,898 324
16,864 22,048
6 Other information
Swindon Airsoft Supplies Limited is a private company limited by shares and incorporated in England. Its registered office is:
Units 39-40 Morelands Trading Estate
Bristol Road
Gloucester
GL1 5RZ
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