Acorah Software Products - Accounts Production 16.8.310 false true false 7 May 2024 31 May 2025 31 May 2025 15706837 Michael Cerillo Marina Mayer iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 15706837 2024-05-06 15706837 2025-05-31 15706837 2024-05-07 2025-05-31 15706837 frs-core:CurrentFinancialInstruments 2025-05-31 15706837 frs-core:ShareCapital 2025-05-31 15706837 frs-core:RetainedEarningsAccumulatedLosses 2025-05-31 15706837 frs-bus:PrivateLimitedCompanyLtd 2024-05-07 2025-05-31 15706837 frs-bus:FilletedAccounts 2024-05-07 2025-05-31 15706837 frs-bus:SmallEntities 2024-05-07 2025-05-31 15706837 frs-bus:AuditExempt-NoAccountantsReport 2024-05-07 2025-05-31 15706837 frs-bus:SmallCompaniesRegimeForAccounts 2024-05-07 2025-05-31 15706837 frs-bus:Director1 2024-05-07 2025-05-31 15706837 frs-bus:Director1 2024-05-06 15706837 frs-bus:Director1 2025-05-31 15706837 frs-bus:Director2 2024-05-07 2025-05-31 15706837 frs-bus:Director2 2024-05-06 15706837 frs-bus:Director2 2025-05-31 15706837 frs-countries:EnglandWales 2024-05-07 2025-05-31
Registered number: 15706837
Sway Scientific Limited
Unaudited Financial Statements
For the Period 7 May 2024 to 31 May 2025
Veritons
Sway Scientific Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1
Notes to the Financial Statements | 2—4

Page 1
Sway Scientific Limited
Balance Sheet
As At 31 May 2025
Balance Sheet
Registered number: 15706837

| 31 May 2025
--- | ---
| Notes | £ | £
CURRENT ASSETS
Debtors | 4 | 87,735 |
Cash at bank and in hand |  | 36,367 |
|  | 124,102 |
Creditors: Amounts Falling Due Within One Year | 5 | (38,375 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 85,727
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 85,727
NET ASSETS |  |  | 85,727
CAPITAL AND RESERVES
Called up share capital | 6 |  | 2
Profit and Loss Account |  |  | 85,725
SHAREHOLDERS' FUNDS |  |  | 85,727

For the period ending 31 May 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Michael Cerillo Director
06/02/2026

The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Sway Scientific Limited
Notes to the Financial Statements
For the Period 7 May 2024 to 31 May 2025
Notes to the Financial Statements
1. General Information
Sway Scientific Limited is a private company, limited by shares, incorporated in England & Wales, registered number 15706837 . The registered office is C/O Veritons, Innovation Centre Medway, Maidstone Road, Chatham, Kent, ME5 9FD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Financial Instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instrument Issues' of FRS102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially mesured at the transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets are classified as receivable within one year and are not amortised.
Classification of financial liabilities
Financial liabilities and equity instruments are classfied 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 company after deducting all of its liabilities.
Basic financial liablities
Basic financial liablities, 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 payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
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Page 3
Sway Scientific Limited
Notes to the Financial Statements (continued)
For the Period 7 May 2024 to 31 May 2025
2.4. 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. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. Such assets and liabilities are not recognised if the timing difference arsies from goodwill or from the initial recognition of other assets and liabilities in a transaction tht affects neither the tax profit nor the accounting profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 2
2
4. Debtors

| 31 May 2025
--- | ---
| £
Due within one year
Trade debtors | 17,388
Other debtors | 70,347
| 87,735

5. Creditors: Amounts Falling Due Within One Year

| 31 May 2025
--- | ---
| £
Trade creditors | 104
Other creditors | 1,860
Taxation and social security | 36,411
| 38,375

6. Share Capital

| 31 May 2025
--- | ---
| £
Allotted, Called up and fully paid | 2

Page 3
Page 4
Sway Scientific Limited
Notes to the Financial Statements (continued)
For the Period 7 May 2024 to 31 May 2025
7. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:

| As at 7 May 2024 | Amounts advanced | Amounts repaid | Amounts written off | As at 31 May 2025
--- | --- | --- | --- | --- | ---
| £ | £ | £ | £ | £
Mr Michael Cerillo | - | 51,922 | 2,691 | - | 49,231
Miss Marina Mayer | - | 57,343 | 36,228 | - | 21,115

The above loans are unsecured and repayable on demand. Interest is charged at 2.25% per annum. Both loans were cleared within nine months of the year end.
Page 4