REGISTERED NUMBER: 07758982 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Swiss Iconic Limited

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

4

14,547

19,144

CURRENT ASSETS

Stocks

23,113

52,000

Debtors

5

143,638

153,965

Cash at bank

-

50,082

166,751

256,047

CREDITORS

Amounts falling due within one year

6

95,830

101,379

NET CURRENT ASSETS

70,921

154,668

TOTAL ASSETS LESS CURRENT LIABILITIES

85,468

173,812

CREDITORS

Amounts falling due after more than one year

7

(26,808

)

(96,675

)

PROVISIONS FOR LIABILITIES

(3,637

)

(4,786

)

NET ASSETS

55,023

72,351

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

54,923

72,251

SHAREHOLDERS' FUNDS

55,023

72,351

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 director acknowledges her 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 September 2025 and were signed by:

Mrs Jennifer Clare Tinsley - Director

1.	STATUTORY INFORMATION

Swiss Iconic Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

07758982

Registered office:

Bury Bank Farm

Bury Bank

Stone

Staffordshire

ST15 0QA

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Revenue is recognised as the company becomes entitled to consideration for the goods supplied.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Office Equipment

-

15% 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 Profit and Loss Account, 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Office

fittings

vehicles

Equipment

Totals

£

£

£

£

COST

At 1 January 2024

and 31 December 2024

1,797

40,904

5,384

48,085

DEPRECIATION

At 1 January 2024

1,374

23,648

3,919

28,941

Charge for year

63

4,314

220

4,597

At 31 December 2024

1,437

27,962

4,139

33,538

NET BOOK VALUE

At 31 December 2024

360

12,942

1,245

14,547

At 31 December 2023

423

17,256

1,465

19,144

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 January 2024

and 31 December 2024

40,904

DEPRECIATION

At 1 January 2024

23,648

Charge for year

4,314

At 31 December 2024

27,962

NET BOOK VALUE

At 31 December 2024

12,942

At 31 December 2023

17,256

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

143,638

153,965

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

47,922

44,760

Hire purchase contracts

25,251

3,961

Trade creditors

157

245

Taxation and social security

9,275

15,593

Other creditors

13,225

36,820

95,830

101,379

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

26,808

71,424

Hire purchase contracts

-

25,251

26,808

96,675

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

5,269

10,510

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank overdraft

3,162

-

Hire purchase contracts

25,251

29,212

28,413

29,212

The company's bankers hold a fixed and floating charge over all current and future assets of the company.

The hire purchase liability is secured on the asset financed.

9.	OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £17,226 (2023 £5193). This financial commitment represents the total amount of payments remaining on a vehicle lease ending in 2027.