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Company Registration No. 10825101 (England and Wales)
Switchfoot Accounting Limited Unaudited accounts for the year ended 31 March 2025
Switchfoot Accounting Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Switchfoot Accounting Limited Company Information for the year ended 31 March 2025
Director
R Trudgett
Company Number
10825101 (England and Wales)
Registered Office
147 Frimley Road Camberley GU15 2PS
- 3 -
Switchfoot Accounting Limited Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Intangible assets
4
14,826
19,508
Tangible assets
5
25,694
28,918
40,520
48,426
Current assets
Debtors
6
12,089
5,982
Cash at bank and in hand
10,285
15,035
22,374
21,017
Creditors: amounts falling due within one year
7
(31,197)
(48,462)
Net current liabilities
(8,823)
(27,445)
Total assets less current liabilities
31,697
20,981
Provisions for liabilities
Deferred tax
(8,017)
(9,232)
Net assets
23,680
11,749
Capital and reserves
Called up share capital
1
1
Profit and loss account
23,679
11,748
Shareholders' funds
23,680
11,749
For the year ending 31 March 2025 the company was entitled to exemption from audit 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 her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 October 2025 and were signed on its behalf by
R Trudgett Director Company Registration No. 10825101
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Switchfoot Accounting Limited Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Switchfoot Accounting Limited is a private company, limited by shares, registered in England and Wales, registration number 10825101. The registered office is 147 Frimley Road, Camberley, GU15 2PS.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
3-5 years on a straight line basis
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Foreign exchange
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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Switchfoot Accounting Limited Notes to the Accounts for the year ended 31 March 2025
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
£
Cost
At 1 April 2024
23,410
At 31 March 2025
23,410
Amortisation
At 1 April 2024
3,902
Charge for the year
4,682
At 31 March 2025
8,584
Net book value
At 31 March 2025
14,826
At 31 March 2024
19,508
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
5,366
27,973
6,278
39,617
Additions
322
-
1,677
1,999
At 31 March 2025
5,688
27,973
7,955
41,616
Depreciation
At 1 April 2024
2,198
4,075
4,426
10,699
Charge for the year
941
2,797
1,485
5,223
At 31 March 2025
3,139
6,872
5,911
15,922
Net book value
At 31 March 2025
2,549
21,101
2,044
25,694
At 31 March 2024
3,168
23,898
1,852
28,918
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
5,411
1,133
Accrued income and prepayments
6,678
4,849
12,089
5,982
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Switchfoot Accounting Limited Notes to the Accounts for the year ended 31 March 2025
7
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
4,518
3,470
Trade creditors
3,772
2,560
Taxes and social security
4,620
4,001
Loans from directors
17,485
38,431
Accruals
802
-
31,197
48,462
8
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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