REGISTERED NUMBER: 05907445 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st March 2025

for

Swannington Ground Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

K J Chamberlain

REGISTERED OFFICE:

52 Hough Hill

Swannington

Coalville

Leicestershire

LE67 8RE

REGISTERED NUMBER:

05907445 (England and Wales)

ACCOUNTANTS:

Barker & Co

Chartered Accountants

Watling Offices

Smockington Lane

Wolvey

Hinckley

Leicestershire

LE10 3AY

FIXED ASSETS

Tangible assets

4

11,860

13,943

CURRENT ASSETS

Debtors

5

3,378

1,513

Cash at bank

2,043

-

5,421

1,513

CREDITORS

Amounts falling due within one year

6

18,140

21,651

NET CURRENT LIABILITIES

(12,719

)

(20,138

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(859

)

(6,195

)

CREDITORS

Amounts falling due after more than one year

7

(498

)

(4,019

)

PROVISIONS FOR LIABILITIES

(2,300

)

(2,650

)

NET LIABILITIES

(3,657

)

(12,864

)

CAPITAL AND RESERVES

Called up share capital

9

100

2

Retained earnings

(3,757

)

(12,866

)

SHAREHOLDERS' FUNDS

(3,657

)

(12,864

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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.

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 21st August 2025 and were signed by:

K J Chamberlain - Director

1.	STATUTORY INFORMATION

Swannington Ground Services 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 represents net invoiced services provided, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Motor vehicle

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

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 NIL (2024 - 2 ).

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicle

equipment

Totals

£

£

£

£

COST

At 1st April 2024

38,187

21,280

1,197

60,664

Additions

1,774

-

-

1,774

At 31st March 2025

39,961

21,280

1,197

62,438

DEPRECIATION

At 1st April 2024

33,877

11,679

1,165

46,721

Charge for year

1,448

2,400

9

3,857

At 31st March 2025

35,325

14,079

1,174

50,578

NET BOOK VALUE

At 31st March 2025

4,636

7,201

23

11,860

At 31st March 2024

4,310

9,601

32

13,943

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,764

-

Corporation tax

1,200

1,200

VAT

-

50

Prepayments

414

263

3,378

1,513

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

2,520

7,072

Hire purchase contracts

1,275

3,217

Trade creditors

487

-

Social security and other taxes

650

-

Director's current account

11,700

9,787

Accrued expenses

1,508

1,575

18,140

21,651

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loan - 2-5 years

498

2,744

Hire purchase contracts

-

1,275

498

4,019

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

-

4,492

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

2

(2024 - 2 )

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2025 and 31st March 2024:

2025

2024

£

£

K J Chamberlain

Balance outstanding at start of year

9,787

3,580

Amounts advanced

2,011

8,989

Amounts repaid

(98

)

(2,782

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

11,700

9,787

No interest was payable by the company on director's loan account.

11.	ULTIMATE CONTROLLING PARTY