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REGISTERED NUMBER: 05960696 (England and Wales)












ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

SWORD SCIENTIFIC LIMITED

SWORD SCIENTIFIC LIMITED (REGISTERED NUMBER: 05960696)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


SWORD SCIENTIFIC LIMITED

COMPANY INFORMATION
for the year ended 31 December 2024







DIRECTORS: Mrs C A Draper
B W Draper
T C Schofield
Mrs L J Schofield





REGISTERED OFFICE: Highdown House
11 Highdown Road
Leamington Spa
CV31 1XT





REGISTERED NUMBER: 05960696 (England and Wales)






SWORD SCIENTIFIC LIMITED (REGISTERED NUMBER: 05960696)

ABRIDGED BALANCE SHEET
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 22,773 58,651
Investments 6 128,400 128,000
151,173 186,651

CURRENT ASSETS
Stocks 4,490 19,152
Debtors 79,087 390,980
Cash at bank and in hand 39,282 567,689
122,859 977,821
CREDITORS
Amounts falling due within one year 58,608 806,997
NET CURRENT ASSETS 64,251 170,824
TOTAL ASSETS LESS CURRENT
LIABILITIES

215,424

357,475

PROVISIONS FOR LIABILITIES 2,843 11,631
NET ASSETS 212,581 345,844

CAPITAL AND RESERVES
Called up share capital 8 2,100 2,100
Retained earnings 210,481 343,744
SHAREHOLDERS' FUNDS 212,581 345,844

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.

SWORD SCIENTIFIC LIMITED (REGISTERED NUMBER: 05960696)

ABRIDGED 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 18 August 2025 and were signed on its behalf by:




B W Draper - Director



T C Schofield - Director


SWORD SCIENTIFIC LIMITED (REGISTERED NUMBER: 05960696)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2024

1. STATUTORY INFORMATION

Sword Scientific 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The accounts have been prepared in accordance with applicable accounting standards. The principle accounting policies adopted in the preparation of the financial statements are set out below and remain unchanged from the prior year.

Turnover
Turnover comprises the value of sales (net of value added tax) of goods and services provided in the normal course of business. Revenue is recognised in respect of service contracts when the company obtains the right to consideration.

Goodwill
Goodwill is being amortised evenly over its estimated useful life of five 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.
Short leasehold - 20% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

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.


SWORD SCIENTIFIC LIMITED (REGISTERED NUMBER: 05960696)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024

2. ACCOUNTING POLICIES - continued
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.

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 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2024
and 31 December 2024 75,000
AMORTISATION
At 1 January 2024
and 31 December 2024 75,000
NET BOOK VALUE

At 31 December 2024 -
At 31 December 2023 -

SWORD SCIENTIFIC LIMITED (REGISTERED NUMBER: 05960696)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2024 198,423
Additions 20,360
Disposals (133,929 )
At 31 December 2024 84,854
DEPRECIATION
At 1 January 2024 139,772
Charge for year 16,283
Eliminated on disposal (93,974 )
At 31 December 2024 62,081
NET BOOK VALUE
At 31 December 2024 22,773
At 31 December 2023 58,651

6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 January 2024 128,000
Additions 400
At 31 December 2024 128,400
NET BOOK VALUE
At 31 December 2024 128,400
At 31 December 2023 128,000

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 1,289 17,089
Between one and five years - 1,289
1,289 18,378

SWORD SCIENTIFIC LIMITED (REGISTERED NUMBER: 05960696)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number: Class: Nominal 2023 2022
value: £ £
1,800 Ordinary £1 1800 1800
200 Ordinary A £1 200 200
50 Ordinary B £1 50 50
50 Ordinary C £1 50 50
2,100 2,100

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 December 2024 and the period ended 31 December 2023:

2024 2023
£    £   
B W Draper
Balance outstanding at start of year - 5,000
Amounts repaid - (5,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

T C Schofield
Balance outstanding at start of year - 5,000
Amounts repaid - (5,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Mrs C A Draper
Balance outstanding at start of year - 5,000
Amounts repaid - (5,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Mrs L J Schofield
Balance outstanding at start of year - 5,000
Amounts repaid - (5,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

10. PENSION COMMITMENTS

At the balance sheet date, unpaid contributions of £NIL (2023 : £20,927 ) were due for pension contributions.