Registered number
02176632
Swinghold Limited
Filleted Accounts
31 October 2024
Swinghold Limited
Registered number: 02176632
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 33,133 21,559
Current assets
Debtors 4 377,842 123,979
Cash at bank and in hand 162,342 360,390
540,184 484,369
Creditors: amounts falling due within one year 5 (353,820) (369,031)
Net current assets 186,364 115,338
Net assets 219,497 136,897
Capital and reserves
Called up share capital 10,000 10,000
Profit and loss account 209,497 126,897
Shareholders' funds 219,497 136,897
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.
Mr S House
Director
Approved by the board on 28 August 2025
Swinghold Limited
Notes to the Accounts
for the year ended 31 October 2024
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 renting of property.
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:
Land and buildings 2% straight line
Plant and machinery 15% Reducing Balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 November 2023 27,209
Additions 17,420
At 31 October 2024 44,629
Depreciation
At 1 November 2023 5,650
Charge for the year 5,846
At 31 October 2024 11,496
Net book value
At 31 October 2024 33,133
At 31 October 2023 21,559
4 Debtors 2024 2023
£ £
Trade debtors 43,228 69,932
Other debtors 334,614 54,047
377,842 123,979
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 1,694 7,915
Corporation tax 19,861 10,673
Other creditors 332,265 350,443
353,820 369,031
6 Other information
Swinghold Limited is a private company limited by shares and incorporated in England. Its registered office is:
Bellevue House
Suite 4, 4 Bellevue Road
Southampton
Hampshire
SO15 2AY
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