Guy Swan Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 4102922

Guy Swan Limited

Filleted Unaudited Financial Statements

For the Year Ended

31 March 2025

Guy Swan Limited

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed Assets

Tangible assets	4		6,144	10,494

Creditors: amounts falling due within one year	5	25,492		19,525
		---------		---------
Net Current Liabilities			25,492	19,525
			---------	---------
Total Assets Less Current Liabilities			( 19,348)	( 9,031)

Creditors: amounts falling due after more than one year	6	10,750	16,000
		---------	---------
Net Liabilities		( 30,098)	( 25,031)
		---------	---------

Capital and Reserves

Called up share capital	2	2
Profit and loss account	( 30,100)	( 25,033)
	---------	---------
Shareholders Deficit	( 30,098)	( 25,031)
	---------	---------

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 31st March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 22 December 2025 , and are signed on behalf of the board by:

G B Swan
Director

Company registration number: 4102922

Guy Swan Limited

Notes to the Financial Statements

Year Ended 31st March 2025

1. General Information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Middleborough House, 16 Middleborough, Colchester, Essex, CO1 1QT.

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 director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the going concern basis continues to be the basis for preparing the annual report and accounts.

Revenue Recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income Tax

Deferred taxation is provided using the liability method on all timing differences, including those relating to pensions, which are expected to reverse in the future without being replaced, calculated at the rate at which it is anticipated the timing differences will reverse.

Tangible Assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

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:

Motor vehicles	-	25% reducing balance
Fixtures & fittings	-	25% reducing balance

Impairment of Fixed Assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial Instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

4. Tangible Assets

	Motor vehicles	Fixtures & fittings	Total
	£	£	£
Cost
At 1st April 2024	31,975	7,686	39,661
Disposals	( 10,833)	–	( 10,833)
	---------	-------	---------
At 31st March 2025	21,142	7,686	28,828
	---------	-------	---------
Depreciation
At 1st April 2024	21,481	7,686	29,167
Charge for the year	2,049	–	2,049
Disposals	( 8,532)	–	( 8,532)
	---------	-------	---------
At 31st March 2025	14,998	7,686	22,684
	---------	-------	---------
Carrying amount
At 31st March 2025	6,144	–	6,144
	---------	-------	---------
At 31st March 2024	10,494	–	10,494
	---------	-------	---------

5. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	14,571	5,289
Corporation tax	5,713	3,289
Social security and other taxes	3,928	1,267
Other creditors	1,280	9,680
	---------	---------
	25,492	19,525
	---------	---------

6. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	10,750	16,000
	---------	---------

7. Director's Advances, Credits and Guarantees

During the year the director entered into the following advances and credits with the company:

	2025
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
G B Swan	( 8,581)	41,938	( 33,437)	( 80)
	-------	---------	---------	----

	2024
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
G B Swan	71	23,348	( 32,000)	( 8,581)
	----	---------	---------	-------