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Company Registration No. 11711049 (England and Wales)
Swidch Limited Unaudited accounts for the year ended 31 December 2025
Swidch Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Swidch Limited Company Information for the year ended 31 December 2025
Director
Chang Hun Yoo
Company Number
11711049 (England and Wales)
Registered Office
OFFICE 176 1ST FLOOR 3 MORE LONDON RIVERSIDE LONDON SE1 2RE ENGLAND
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Swidch Limited Statement of financial position as at 31 December 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
220
1,456
Current assets
Debtors
5
5,725
14,099
Cash at bank and in hand
12,993
84,935
18,718
99,034
Creditors: amounts falling due within one year
6
(4,247,177)
(3,743,797)
Net current liabilities
(4,228,459)
(3,644,763)
Net liabilities
(4,228,239)
(3,643,307)
Capital and reserves
Called up share capital
7
500,000
500,000
Profit and loss account
(4,728,239)
(4,143,307)
Shareholders' funds
(4,228,239)
(3,643,307)
For the year ending 31 December 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 April 2026 and were signed on its behalf by
Chang Hun Yoo Director Company Registration No. 11711049
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Swidch Limited Notes to the Accounts for the year ended 31 December 2025
1
Statutory information
Swidch Limited is a private company, limited by shares, registered in England and Wales, registration number 11711049. The registered office is OFFICE 176 1ST FLOOR, 3 MORE LONDON RIVERSIDE, LONDON, SE1 2RE, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33.33% straight line method
4
Tangible fixed assets
Computer equipment
£
Cost or valuation
At cost
At 1 January 2025
8,223
At 31 December 2025
8,223
Depreciation
At 1 January 2025
6,767
Charge for the year
1,236
At 31 December 2025
8,003
Net book value
At 31 December 2025
220
At 31 December 2024
1,456
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Swidch Limited Notes to the Accounts for the year ended 31 December 2025
5
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
4,895
5,386
Accrued income and prepayments
571
577
5,466
5,963
Amounts falling due after more than one year
Accrued income and prepayments
259
8,136
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
3,650,000
3,300,000
Other creditors
20,308
28,928
Accruals
576,869
414,869
4,247,177
3,743,797
7
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
100,000 Ordinary shares of £5 each
500,000
500,000
8
Average number of employees
During the year the average number of employees was 6 (2024: 5).
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