Company registration number 07798938 (England and Wales)
SWAN DIGITAL LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
SWAN DIGITAL LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 8
SWAN DIGITAL LIMITED
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF SWAN DIGITAL LIMITED FOR THE YEAR ENDED 31 DECEMBER 2024
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Swan Digital Limited for the year ended 31 December 2024 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the b oard of d irectors of Swan Digital Limited, as a body, in accordance with the terms of our engagement letter dated 23 September 2024. Our work has been undertaken solely to prepare for your approval the financial statements of Swan Digital Limited and state those matters that we have agreed to state to the b oard of d irectors of Swan Digital Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Swan Digital Limited and its b oard of d irectors as a body, for our work or for this report.

It is your duty to ensure that Swan Digital Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Swan Digital Limited. You consider that Swan Digital Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Swan Digital Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory f inancial statements.

Carpenter Box
6 November 2025
Chartered Accountants
Amelia House
Crescent Road
Worthing
West Sussex
BN11 1RL
SWAN DIGITAL LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2024
31 December 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
3
726
1,452
Tangible assets
4
22,211
34,818
22,937
36,270
Current assets
Stocks
17,193
15,161
Debtors
5
174,257
173,908
Cash at bank and in hand
72
5,691
191,522
194,760
Creditors: amounts falling due within one year
6
(126,250)
(128,882)
Net current assets
65,272
65,878
Total assets less current liabilities
88,209
102,148
Provisions for liabilities
(5,400)
(8,200)
Net assets
82,809
93,948
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
82,709
93,848
Total equity
82,809
93,948

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

SWAN DIGITAL LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024
31 December 2024
- 3 -
The financial statements were approved by the board of directors and authorised for issue on 6 November 2025 and are signed on its behalf by:
Mr A P W Wallis-Adams
Director
Company registration number 07798938 (England and Wales)
SWAN DIGITAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 4 -
1
Accounting policies
Company information

Swan Digital Limited is a private company limited by shares incorporated in England and Wales. The registered office is Amelia House, Crescent Road, Worthing, West Sussex, BN11 1RL.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the director true s ha ve a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

The director s ha ve considered relevant information, including the company’s principal risks and uncertainties, and the impact of subsequent events in making their assessment.

Based on these assessments and having regard to the resources available to the entity, the director s ha ve concluded that there is no material uncertainty and that they can continue to adopt the going concern basis in preparing the annual report and financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.4
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is deemed to be 5 years.

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings leasehold
Straight line over the period of the lease
Fixtures, fittings & equipment
25% diminishing balance per annum
Computer equipment
33% straight line per annum
Motor vehicles
25% diminishing balance per annum

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

SWAN DIGITAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 5 -
1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

1.7
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. .

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

1.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.13
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

SWAN DIGITAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 6 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 10 (2023 - 10).

3
Intangible fixed assets
Intangible fixed assets
£
Cost
At 1 January 2024 and 31 December 2024
8,705
Amortisation and impairment
At 1 January 2024
7,253
Amortisation charged for the year
726
At 31 December 2024
7,979
Carrying amount
At 31 December 2024
726
At 31 December 2023
1,452
4
Tangible fixed assets
Land and buildings leasehold
Fixtures, fittings & equipment
Computer equipment
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 January 2024
6,100
47,648
25,843
52,887
132,478
Disposals
-
0
-
0
-
0
(16,000)
(16,000)
At 31 December 2024
6,100
47,648
25,843
36,887
116,478
Depreciation and impairment
At 1 January 2024
6,100
45,845
25,843
19,872
97,660
Depreciation charged in the year
-
0
451
-
0
8,254
8,705
Eliminated in respect of disposals
-
0
-
0
-
0
(12,098)
(12,098)
At 31 December 2024
6,100
46,296
25,843
16,028
94,267
Carrying amount
At 31 December 2024
-
0
1,352
-
0
20,859
22,211
At 31 December 2023
-
0
1,803
-
0
33,015
34,818
SWAN DIGITAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 7 -
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
28,924
52,989
Other debtors
145,333
120,919
174,257
173,908
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
7,185
-
0
Trade creditors
56,627
56,965
Taxation and social security
41,832
48,329
Other creditors
20,606
23,588
126,250
128,882
7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
8
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2023
£
£
32,667
48,667
9
Events after the reporting date

Dividends amounting to £44,229 were paid post balance sheet date.

SWAN DIGITAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 8 -
10
Directors' transactions

Advances or credits have been granted by the company to its directors as follows:

Description
% Rate
Opening balance
Amounts advanced
Interest charged
Amounts repaid
Closing balance
£
£
£
£
£
Directors loan account
2.00
91,139
77,669
2,260
(53,415)
117,653
91,139
77,669
2,260
(53,415)
117,653
2024-12-31 2024-01-01 false false false 06 November 2025 CCH Software CCH Accounts Production 2025.200 No description of principal activity Mr A P W Adams Mr D Honeywood 10 10 07798938 2024-01-01 2024-12-31 07798938 2024-12-31 07798938 2023-12-31 07798938 core:NetGoodwill 2024-12-31 07798938 core:NetGoodwill 2023-12-31 07798938 core:LandBuildings core:LeasedAssetsHeldAsLessee 2024-12-31 07798938 core:FurnitureFittings 2024-12-31 07798938 core:ComputerEquipment 2024-12-31 07798938 core:MotorVehicles 2024-12-31 07798938 core:LandBuildings core:LeasedAssetsHeldAsLessee 2023-12-31 07798938 core:FurnitureFittings 2023-12-31 07798938 core:ComputerEquipment 2023-12-31 07798938 core:MotorVehicles 2023-12-31 07798938 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 07798938 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 07798938 core:CurrentFinancialInstruments 2024-12-31 07798938 core:CurrentFinancialInstruments 2023-12-31 07798938 core:ShareCapital 2024-12-31 07798938 core:ShareCapital 2023-12-31 07798938 core:RetainedEarningsAccumulatedLosses 2024-12-31 07798938 core:RetainedEarningsAccumulatedLosses 2023-12-31 07798938 core:ShareCapitalOrdinaryShareClass1 2024-12-31 07798938 core:ShareCapitalOrdinaryShareClass1 2023-12-31 07798938 bus:Director1 2024-01-01 2024-12-31 07798938 core:Goodwill 2024-01-01 2024-12-31 07798938 core:LandBuildings core:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 07798938 core:FurnitureFittings 2024-01-01 2024-12-31 07798938 core:ComputerEquipment 2024-01-01 2024-12-31 07798938 core:MotorVehicles 2024-01-01 2024-12-31 07798938 core:NetGoodwill 2023-12-31 07798938 core:NetGoodwill 2024-01-01 2024-12-31 07798938 core:LandBuildings core:LeasedAssetsHeldAsLessee 2023-12-31 07798938 core:FurnitureFittings 2023-12-31 07798938 core:ComputerEquipment 2023-12-31 07798938 core:MotorVehicles 2023-12-31 07798938 2023-12-31 07798938 core:WithinOneYear 2024-12-31 07798938 core:WithinOneYear 2023-12-31 07798938 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 07798938 bus:OrdinaryShareClass1 2024-12-31 07798938 bus:OrdinaryShareClass1 2023-12-31 07798938 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 07798938 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 07798938 bus:FRS102 2024-01-01 2024-12-31 07798938 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 07798938 bus:Director2 2024-01-01 2024-12-31 07798938 bus:FullAccounts 2024-01-01 2024-12-31 07798938 2023-01-01 2023-12-31 xbrli:pure xbrli:shares iso4217:GBP