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REGISTERED NUMBER: 06042976 (England and Wales)










Unaudited Financial Statements for the Year Ended 30 January 2025

for

Radioswap Limited

Radioswap Limited (Registered number: 06042976)






Contents of the Financial Statements
for the Year Ended 30 January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Radioswap Limited

Company Information
for the Year Ended 30 January 2025







DIRECTOR: C J Medlock





REGISTERED OFFICE: Double Acre
Long Road
Thurcroft
Rotherham
South Yorkshire
S66 9BJ





REGISTERED NUMBER: 06042976 (England and Wales)





ACCOUNTANTS: Parkins Accountants Ltd
T/A, Parkins, Chartered Accountants
Moor Park House
Bawtry Rd
Wickersley
Rotherham
South Yorkshire
S66 2BL

Radioswap Limited (Registered number: 06042976)

Balance Sheet
30 January 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 152,699 107,050
152,699 107,050

CURRENT ASSETS
Stocks 6 155,788 13,788
Debtors 7 80,564 234,429
Cash at bank and in hand 1,059 23,234
237,411 271,451
CREDITORS
Amounts falling due within one year 8 84,356 135,577
NET CURRENT ASSETS 153,055 135,874
TOTAL ASSETS LESS CURRENT
LIABILITIES

305,754

242,924

CREDITORS
Amounts falling due after more than one
year

9

(3,957

)

(14,449

)

PROVISIONS FOR LIABILITIES (27,786 ) (24,522 )
NET ASSETS 274,011 203,953

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 274,001 203,943
274,011 203,953

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Radioswap Limited (Registered number: 06042976)

Balance Sheet - continued
30 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 director and authorised for issue on 29 May 2025 and were signed by:





C J Medlock - Director


Radioswap Limited (Registered number: 06042976)

Notes to the Financial Statements
for the Year Ended 30 January 2025

1. STATUTORY INFORMATION

Radioswap 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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.
Property renovations - 10% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Radioswap Limited (Registered number: 06042976)

Notes to the Financial Statements - continued
for the Year Ended 30 January 2025

2. ACCOUNTING POLICIES - continued

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 9 (2024 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 31 January 2024
and 30 January 2025 200,000
AMORTISATION
At 31 January 2024
and 30 January 2025 200,000
NET BOOK VALUE
At 30 January 2025 -
At 30 January 2024 -

5. TANGIBLE FIXED ASSETS
Fixtures
Property Plant and and Motor
renovations machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 31 January 2024 29,888 67,298 114,506 67,718 279,410
Additions - 61,164 17,534 3,875 82,573
At 30 January 2025 29,888 128,462 132,040 71,593 361,983
DEPRECIATION
At 31 January 2024 20,923 41,778 90,454 19,205 172,360
Charge for year 2,989 13,002 7,836 13,097 36,924
At 30 January 2025 23,912 54,780 98,290 32,302 209,284
NET BOOK VALUE
At 30 January 2025 5,976 73,682 33,750 39,291 152,699
At 30 January 2024 8,965 25,520 24,052 48,513 107,050

6. STOCKS
2025 2024
£    £   
Stocks 155,788 13,788

Radioswap Limited (Registered number: 06042976)

Notes to the Financial Statements - continued
for the Year Ended 30 January 2025

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 26,443 45,211
Other debtors 41,107 184,580
VAT 13,014 4,638
80,564 234,429

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 15,541 9,667
Trade creditors 35,610 76,359
Tax 14,585 24,520
Social security and other taxes 3,239 3,920
Other creditors 745 -
Directors' current accounts 4,650 11,979
Accrued expenses 3,876 1,500
Credit card 6,110 7,632
84,356 135,577

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans - 1-2 years 3,957 9,911
Bank loans - 2-5 years - 4,538
3,957 14,449