BrightAccountsProduction v1.0.0 v1.0.0 2023-09-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is the manufacture of knitted and crocheted fabrics. 28 August 2025 1 1 NI664034 2024-08-31 NI664034 2023-08-31 NI664034 2022-08-31 NI664034 2023-09-01 2024-08-31 NI664034 2022-09-01 2023-08-31 NI664034 uk-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 NI664034 uk-curr:PoundSterling 2023-09-01 2024-08-31 NI664034 uk-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 NI664034 uk-bus:FullAccounts 2023-09-01 2024-08-31 NI664034 uk-bus:Director1 2023-09-01 2024-08-31 NI664034 uk-bus:RegisteredOffice 2023-09-01 2024-08-31 NI664034 uk-bus:Agent1 2023-09-01 2024-08-31 NI664034 uk-core:ShareCapital 2024-08-31 NI664034 uk-core:ShareCapital 2023-08-31 NI664034 uk-core:RetainedEarningsAccumulatedLosses 2024-08-31 NI664034 uk-core:RetainedEarningsAccumulatedLosses 2023-08-31 NI664034 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-08-31 NI664034 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-08-31 NI664034 uk-bus:FRS102 2023-09-01 2024-08-31 NI664034 uk-core:PlantMachinery 2023-09-01 2024-08-31 NI664034 uk-core:FurnitureFittingsToolsEquipment 2023-09-01 2024-08-31 NI664034 uk-core:CurrentFinancialInstruments 2024-08-31 NI664034 uk-core:CurrentFinancialInstruments 2023-08-31 NI664034 uk-core:WithinOneYear 2024-08-31 NI664034 uk-core:WithinOneYear 2023-08-31 NI664034 uk-core:EmployeeBenefits 2023-08-31 NI664034 uk-core:EmployeeBenefits 2023-09-01 2024-08-31 NI664034 uk-core:AcceleratedTaxDepreciationDeferredTax 2024-08-31 NI664034 uk-core:TaxLossesCarry-forwardsDeferredTax 2024-08-31 NI664034 uk-core:OtherDeferredTax 2024-08-31 NI664034 uk-core:RevaluationPropertyPlantEquipmentDeferredTax 2024-08-31 NI664034 uk-core:EmployeeBenefits 2024-08-31 NI664034 2023-09-01 2024-08-31 NI664034 uk-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
Company Registration Number: NI664034
 
 
Swooper Rigging Ltd
 
Unaudited Financial Statements
 
for the financial year ended 31 August 2024
Swooper Rigging Ltd
Director and Other Information

 
Director Mr. Aaron David Cosbey
 
 
Company Registration Number NI664034
 
 
Registered Office and Business Address 5a Carnalea Avenue
Bangor
Co. Down
BT19 1HF
Northern Ireland
 
 
Accountants HCA Chartered Accountants Ltd
Chartered Accountants
12 Cromac Place
Belfast
Co. Antrim
BT7 2JB
Northern Ireland
 
 
Bankers Transferwise Limited
  56 Shoreditch Hiigh Street
  London
  E1 6JJ
  United Kingdom



Swooper Rigging Ltd
Company Registration Number: NI664034
Balance Sheet
as at 31 August 2024

2024 2023
Notes £ £
 
Fixed Assets
Tangible assets 4 1,750 2,125
───────── ─────────
 
Current Assets
Stocks 5 2,657 2,657
Debtors 6 23,040 28,920
Cash and cash equivalents 3,084 152
───────── ─────────
28,781 31,729
───────── ─────────
Creditors: amounts falling due within one year 7 (23,649) (28,912)
───────── ─────────
Net Current Assets 5,132 2,817
───────── ─────────
Total Assets less Current Liabilities 6,882 4,942
 
Provisions for liabilities 9 (437) (531)
───────── ─────────
Net Assets 6,445 4,411
═════════ ═════════
 
Capital and Reserves
Called up share capital 1 1
Retained earnings 6,444 4,410
───────── ─────────
Equity attributable to owners of the company 6,445 4,411
═════════ ═════════
 
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
The company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Director's Report.
           
For the financial year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 28 August 2025
           
           
________________________________          
Mr. Aaron David Cosbey          
Director          
           



Swooper Rigging Ltd
Notes to the Financial Statements
for the financial year ended 31 August 2024

   
1. General Information
 
Swooper Rigging Ltd is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI664034. The registered office of the company is 5a Carnalea Avenue, Bangor, Co. Down, BT19 1HF, Northern Ireland which is also the principal place of business of the company. The principal activity of the company is the manufacture of knitted and crocheted fabrics. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 31 August 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Plant and machinery - 25% Straight line
  Fixtures, fittings and equipment - 15% Straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Stocks
Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition.  Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including director, during the financial year was 1.
 
  2024 2023
  Number Number
 
Employees 1 1
  ═════════ ═════════
         
4. Tangible assets
  Plant and Fixtures, Total
  machinery fittings and  
    equipment  
  £ £ £
Cost
At 1 September 2023 5,102 2,500 7,602
  ───────── ───────── ─────────
 
At 31 August 2024 5,102 2,500 7,602
  ───────── ───────── ─────────
Depreciation
At 1 September 2023 5,102 375 5,477
Charge for the financial year - 375 375
  ───────── ───────── ─────────
At 31 August 2024 5,102 750 5,852
  ───────── ───────── ─────────
Net book value
At 31 August 2024 - 1,750 1,750
  ═════════ ═════════ ═════════
At 31 August 2023 - 2,125 2,125
  ═════════ ═════════ ═════════
       
5. Stocks 2024 2023
  £ £
 
Raw materials 2,657 2,657
  ═════════ ═════════
 
The replacement cost of stock did not differ significantly from the figures shown.
       
6. Debtors 2024 2023
  £ £
 
Trade debtors 1,920 4,800
Amounts owed by connected parties (Note 11) 18,320 21,320
Prepayments and accrued income 2,800 2,800
  ───────── ─────────
  23,040 28,920
  ═════════ ═════════
       
7. Creditors 2024 2023
Amounts falling due within one year £ £
 
Taxation  (Note 8) 2,330 1,840
Director's current account 17,247 21,149
Accruals 4,072 5,923
  ───────── ─────────
  23,649 28,912
  ═════════ ═════════
       
8. Taxation 2024 2023
  £ £
 
Creditors:
VAT 1,453 655
Corporation tax 877 1,185
  ───────── ─────────
  2,330 1,840
  ═════════ ═════════
         
9. Provisions for liabilities
 
The amounts provided for deferred taxation are analysed below:
 
  Capital Total Total
  allowances    
       
    2024 2023
  £ £ £
 
At financial year start 531 531 1,087
Charged to profit and loss (94) (94) (556)
  ───────── ───────── ─────────
At financial year end 437 437 531
  ═════════ ═════════ ═════════
       
10. Capital commitments
 
The company had no material capital commitments at the financial year-ended 31 August 2024.
           
11. Related party transactions
  Balance Movement Balance Maximum
  2024 in year 2023 in year
  £ £ £ £
 
Sancta Maria Fisheries Limited 13,167 - 13,167 13,167
Skydive Ireland Limited 5,153 (3,000) 8,153 8,153
  ───────── ───────── ───────── ═════════
  18,320 (3,000) 21,320  
  ═════════ ═════════ ═════════  
 
The connected parties are connected
   
12. Director's advances, credits and guarantees
 
At the reporting date, the company owed the Director a balance of £17,247 (2023: £21,149). The loan is unsecured and payable on demand.
   
13. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.
       
14. Share Capital
 
The share capital of the company was comprised of 1 Ordinary Share of £1.