Company registration number: SC575877
Annual report and unaudited financial statements
for the year ended 30 September 2025
for
Swish Projects Ltd.
Pages for filing with the Registrar
Company registration number: SC575877
Swish Projects Ltd.
Balance sheet
as at 30 September 2025
2025 2024
Note £ £ £ £
Fixed assets
Intangible assets 4 10,000 10,000
Tangible assets 5 1,301,291 327,693
1,311,291 337,693
Current assets
Stocks 497,057 492,401
Debtors 57,119 42,628
Cash at bank and in hand 1,134,952 1,295,568
1,689,128 1,830,597
Creditors: amounts falling due within one
year 		(707,912) (710,592)
Net current assets 981,216 1,120,005
Total assets less current liabilities 2,292,507 1,457,698
Creditors: Amounts falling due after more
than one year 		(171,679) (18,342)
NET ASSETS 2,120,828 1,439,356
Capital and reserves
Called up share capital 100 100
Profit and loss account 2,120,728 1,439,256
TOTAL EQUITY 2,120,828 1,439,356
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 30 September 2025.
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 to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: SC575877
Swish Projects Ltd.
Balance sheet - continued
as at 30 September 2025
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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 1 April 2026 and signed on its behalf by:
Mr D McKinna, Director
1 April 2026
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Swish Projects Ltd.
Notes to the financial statements
for the year ended 30 September 2025
1 Company information
Swish Projects Ltd. is a private company registered in Scotland. Its registered number is SC575877. The company is limited by shares. Its registered office is 135 St Leonards Street, Edinburgh, EH8 9RB.
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 historic cost convention.
Presentation currency
The company's financial statements are presented in sterling.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Goodwill -
3
Swish Projects Ltd.
Notes to the financial statements - continued
for the year ended 30 September 2025
2 Accounting policies - continued
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings:
Tenant's Improvements - 15% reducing balance
Plant and machinery etc.:
Plant & Machinery - 15% reducing balance
Fixtures & Fittings - 15% 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 taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 30 (2024 - 25).
4 Intangible assets
Goodwill
£
Cost
At 1 October 2024 10,000
At 30 September 2025 10,000
Amortisation
At 30 September 2025 -
4
Swish Projects Ltd.
Notes to the financial statements - continued
for the year ended 30 September 2025
4 Intangible assets - continued
Net book value
At 30 September 2025 10,000
At 30 September 2024 10,000
5 Tangible fixed assets
Land and
buildings 		Plant and
machinery
etc. 		Totals
£ £ £
Cost
At 1 October 2024 258,436 474,450 732,886
Additions 1,013,418 15,463 1,028,881
At 30 September 2025 1,271,854 489,913 1,761,767
Depreciation
At 1 October 2024 142,792 262,401 405,193
Charge for year 22,646 32,637 55,283
At 30 September 2025 165,438 295,038 460,476
Net book value
At 30 September 2025 1,106,416 194,875 1,301,291
At 30 September 2024 115,644 212,049 327,693
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