REGISTERED NUMBER: 02774832 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2025

FOR

SWANSTONE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A J Wright

D I Roberts

Mrs S J Weston

REGISTERED OFFICE:

15 Bridge Road

Wellington

Telford

Shropshire

TF1 1EB

REGISTERED NUMBER:

02774832 (England and Wales)

ACCOUNTANTS:

D E Ball & Co Limited

Chartered Accountants

15 Bridge Road

Wellington

Telford

Shropshire

TF1 1EB

FIXED ASSETS

Tangible assets

4

10,517

10,467

CURRENT ASSETS

Stocks

10,156

14,571

Debtors

5

75,524

115,926

Cash at bank and in hand

153,089

85,144

238,769

215,641

CREDITORS

Amounts falling due within one year

6

157,948

145,817

NET CURRENT ASSETS

80,821

69,824

TOTAL ASSETS LESS CURRENT LIABILITIES

91,338

80,291

CREDITORS

Amounts falling due after more than one year

7

26,067

31,114

NET ASSETS

65,271

49,177

CAPITAL AND RESERVES

Called up share capital

42

42

Capital redemption reserve

158

158

Retained earnings

65,071

48,977

SHAREHOLDERS' FUNDS

65,271

49,177

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13th October 2025 and were signed on its behalf by:

A J Wright - Director

D I Roberts - Director

Mrs S J Weston - Director

1.	STATUTORY INFORMATION

Swanstone 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Office furniture, equipment and plant

-

15% on reducing balance

Motor vehicles

-

25% 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 Statement of Income and Retained Earnings, 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 5 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Office

furniture,

equipment

Motor

and plant

vehicles

Totals

£

£

£

COST

At 1st February 2024

67,571

7,950

75,521

Additions

2,244

-

2,244

At 31st January 2025

69,815

7,950

77,765

DEPRECIATION

At 1st February 2024

57,651

7,403

65,054

Charge for year

2,057

137

2,194

At 31st January 2025

59,708

7,540

67,248

NET BOOK VALUE

At 31st January 2025

10,107

410

10,517

At 31st January 2024

9,920

547

10,467

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade debtors

66,381

111,219

Other debtors

9,143

4,707

75,524

115,926

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans and overdrafts

5,000

5,000

Trade creditors

44,056

59,452

Taxation and social security

76,253

68,330

Other creditors

32,639

13,035

157,948

145,817

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans

26,067

31,114

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

6,067

11,114

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr I Roberts, Mr A Wright and Mrs S Weston as they co-operate to exercise control.