Swiss Watches Direct Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 5412890

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		892		-

			892		-
CURRENT ASSETS
Stocks	5	18,746		23,182
Debtors	6	16,158		32,174
Cash at bank and in hand		268,934		274,187

		303,838		329,543
Creditors: Amounts Falling Due Within One Year	7	(121,815 )		(89,827 )

NET CURRENT ASSETS (LIABILITIES)			182,023		239,716

TOTAL ASSETS LESS CURRENT LIABILITIES			182,915		239,716

NET ASSETS			182,915		239,716

CAPITAL AND RESERVES
Called up share capital	8		102		102
Profit and Loss Account			182,813		239,614

SHAREHOLDERS' FUNDS			182,915		239,716

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Swiss Watches Direct Limited

Balance Sheet (continued)

As At 30 April 2026

For the year ending 30 April 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has 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.

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

Mr G A Beal

Director

29 May 2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Swiss Watches Direct Limited is a private company, limited by shares, incorporated in England & Wales, registered number 5412890 . The registered office is Birch House, Beaulieu Drive, Stone Cross, Pevensey, BN24 5DN.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	15% on cost
Computer Equipment	25% on cost

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2025: 2)

4. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 May 2025	4,122	45,369	49,491
Additions	-	2,358	2,358

As at 30 April 2026	4,122	47,727	51,849

Depreciation
As at 1 May 2025	4,122	45,369	49,491
Provided during the period	-	1,466	1,466

As at 30 April 2026	4,122	46,835	50,957

...CONTINUED

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Swiss Watches Direct Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2026

Net Book Value
As at 30 April 2026	-	892	892

As at 1 May 2025	-	-	-

5. Stocks

	2026	2025
	£	£
Finished goods	18,746	23,182

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	16,158	28,425
Other debtors	-	3,749

	16,158	32,174

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	15,781	4,131
Other creditors	29,828	28,344
Taxation and social security	76,206	57,352

	121,815	89,827

8. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	102	102

9. Dividends

	2026	2025
	£	£
On equity shares:
Interim dividend paid	39,500	39,000

10. Controlling Party

The company's controlling party is the director, G A Beal, by virtue of his ownership of 51% of the issued voting share capital in the company.

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