16 false false false false false false false false false false true false false false false false false No description of principal activity 2024-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 05893941 2024-04-01 2025-03-31 05893941 2025-03-31 05893941 2024-03-31 05893941 2023-04-01 2024-03-31 05893941 2024-03-31 05893941 2023-03-31 05893941 core:PlantMachinery 2024-04-01 2025-03-31 05893941 bus:Director1 2024-04-01 2025-03-31 05893941 bus:Director3 2024-04-01 2025-03-31 05893941 core:PlantMachinery 2024-03-31 05893941 core:PlantMachinery 2025-03-31 05893941 core:WithinOneYear 2025-03-31 05893941 core:WithinOneYear 2024-03-31 05893941 core:RetainedEarningsAccumulatedLosses 2025-03-31 05893941 core:RetainedEarningsAccumulatedLosses 2024-03-31 05893941 bus:SmallEntities 2024-04-01 2025-03-31 05893941 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 05893941 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 05893941 bus:CompanyLimitedByGuarantee 2024-04-01 2025-03-31 05893941 bus:FullAccounts 2024-04-01 2025-03-31 05893941 core:OfficeEquipment 2024-04-01 2025-03-31 05893941 core:OfficeEquipment 2024-03-31 05893941 core:OfficeEquipment 2025-03-31
COMPANY REGISTRATION NUMBER: 05893941

Swansea Business Improvements Ltd

Company Limited by Guarantee

Filleted Unaudited Financial Statements

31 March 2025

Swansea Business Improvements Ltd

Company Limited by Guarantee

Statement of Financial Position

31 March 2025

| 2025 | 2024
Note | £ | £ | £

Fixed assets

Tangible assets | 6 |  | 2,440 | 2,720

Current assets

Debtors | 7 | 40,519 |  | 21,897
Cash at bank and in hand | 61,792 |  | 125,268
| --------- |  | ---------
| 102,311 |  | 147,165

Creditors: amounts falling due within one year | 8 | 87,429 |  | 120,965
| --------- |  | ---------
Net current assets |  | 14,882 | 26,200
|  | -------- | --------
Total assets less current liabilities |  | 17,322 | 28,920
|  | -------- | --------
Net assets |  | 17,322 | 28,920
|  | -------- | --------

Capital and reserves

Profit and loss account |  | 17,322 | 28,920
|  | -------- | --------
Members funds |  | 17,322 | 28,920
|  | -------- | --------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
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.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Swansea Business Improvements Ltd

Company Limited by Guarantee

Statement of Financial Position (continued)

31 March 2025
These financial statements were approved by the board of directors and authorised for issue on 9 October 2025 , and are signed on behalf of the board by:

Mr P A Lynn | Mr MP Clements
Director | Director

Company registration number: 05893941

Swansea Business Improvements Ltd

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 March 2025
1. General information
The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is 1 Picton Lane, Swansea, SA1 4AF.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the Bid Levy and contributions towards projects received, stated net of discounts and of Value Added Tax.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Plant & Machinery | - | 25% straight line
| Office Equipment | - | 30% reducing balance

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instrumemts. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Company limited by guarantee
Swansea Business Improvements Limited is a company limited by guarantee and has no share capital. On winding up of the company, the members have undertaken to contribute up to £1 each to towards any deficit.
5. Employee numbers
The average number of persons employed by the company during the year amounted to 16 (2024: 17 ).
6. Tangible assets

| Plant and machinery | Equipment | Total
| £ | £ | £
Cost |  |  |
At 1 April 2024 | 11,000 | 8,852 | 19,852
Additions | – | 1,147 | 1,147
Disposals | – | ( 1,634) | ( 1,634)
| -------- | ------- | --------
At 31 March 2025 | 11,000 | 8,365 | 19,365
| -------- | ------- | --------
Depreciation |  |  |
At 1 April 2024 | 11,000 | 6,132 | 17,132
Charge for the year | – | 1,046 | 1,046
Disposals | – | ( 1,253) | ( 1,253)
| -------- | ------- | --------
At 31 March 2025 | 11,000 | 5,925 | 16,925
| -------- | ------- | --------
Carrying amount |  |  |
At 31 March 2025 | – | 2,440 | 2,440
| -------- | ------- | --------
At 31 March 2024 | – | 2,720 | 2,720
| -------- | ------- | --------

7. Debtors

| 2025 | 2024
| £ | £
Trade debtors | – | 7,167
Other debtors | 40,519 | 14,730
| -------- | --------
| 40,519 | 21,897
| -------- | --------

8. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 416 | 343
Trade creditors | 84,600 | 116,691
Social security and other taxes | 1,586 | 2,938
Other creditors | 827 | 993
| -------- | ---------
| 87,429 | 120,965
| -------- | ---------