SWORLD TRADING LTD


Director	FANDOHAN-ADONKPO, Segbe Ulrich


Company Secretary	FANDOHAN-ADONKPO, Segbe Ulrich


Registered Address	71-75 Shelton Street
	London
	WC2H 9JQ


Registered Number	12204644 (England and Wales)

Statement of Financial Position
30 September 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	3		49		165
			49		165
Current assets
Stocks	4	1,127		-
Debtors		22		91
Cash at bank and on hand		9		36
		1,158		127
Creditors amounts falling due within one year	5	(23,539)		(23,720)
Net current assets (liabilities)			(22,381)		(23,593)
Total assets less current liabilities			(22,332)		(23,428)
Net assets			(22,332)		(23,428)
Capital and reserves
Called up share capital			1		1
Profit and loss account			(22,333)		(23,429)
Shareholders' funds			(22,332)		(23,428)

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 27 August 2025, and are signed on its behalf by:

FANDOHAN-ADONKPO, Segbe Ulrich
Director
Registered Company No. 12204644

SWORLD TRADING LTD

Notes to the Financial Statements
for the year ended 30 September 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Going concern
	The company continues to adopt the going concern basis in preparing its financial statements.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Office Equipment	5

	Stocks and work in progress
	Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2024		2023
	Average number of employees during the year	0		0

3.	Tangible fixed assets

	Office Equipment	Total
	£	£
Cost or valuation
At 01 October 23	583	583
At 30 September 24	583	583
Depreciation and impairment
At 01 October 23	418	418
Charge for year	116	116
At 30 September 24	534	534
Net book value
At 30 September 24	49	49
At 30 September 23	165	165

4.	Stocks

	2024	2023
	£	£
Finished goods	1,127	-
Total	1,127	-

5.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	-	68
Other creditors	22,844	23,126
Accrued liabilities and deferred income	695	526
Total	23,539	23,720


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.