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Company registration number: 16025615
Swelart Ltd
Unaudited filleted financial statements
31 October 2025
Swelart Ltd
Contents
Statement of financial position
Notes to the financial statements
Swelart Ltd
Statement of financial position
31 October 2025

|  |  | 31/10/25 |  |  |  |  |  |
|  | Note | £ |  | £ |  |  |  |
Current assets |  |  |  |  |  |  |  |  |
Stocks |  |  | 200,000 |  |  |  |  |  |
Debtors |  | 5 | 100 |  |  |  |  |  |
|  |  | _______ |  |  |  |  |  |
|  |  | 200,100 |  |  |  |  |  |
Creditors: amounts falling due |  |  |  |  |  |  |  |  |
within one year |  | 6 | ( 200,000) |  |  |  |  |  |
|  |  | _______ |  |  |  |  |  |
Net current assets |  |  |  |  | 100 |  |  |  |
|  |  |  |  | _______ |  |  |  |
Total assets less current liabilities |  |  |  |  | 100 |  |  |  |
|  |  |  |  | _______ |  |  |  |
Net assets |  |  |  |  | 100 |  |  |  |
|  |  |  |  | _______ |  |  |  |
Capital and reserves |  |  |  |  |  |  |  |  |
Called up share capital |  | 7 |  |  | 100 |  |  |  |
|  |  |  |  | _______ |  |  |  |
Shareholder funds |  |  |  |  | 100 |  |  |  |
|  |  |  |  | _______ |  |  |  |

For the period ending 31 October 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 member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
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 income statement has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 05 June 2026 , and are signed on behalf of the board by:
Mr Peter Walster
Director
Company registration number: 16025615
Swelart Ltd
Notes to the financial statements
Period ended 31 October 2025
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 46 High Street, Arnold, Nottingham, NG5 7DZ.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements are prepared in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest £.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 1
5. Debtors

|  |  | 31/10/25 |
|  |  | £ |
| Other debtors |  | 100 |
|  |  | _______ |

6. Creditors: amounts falling due within one year

|  |  | 31/10/25 |
|  |  | £ |
| Other creditors |  | 200,000 |
|  |  | _______ |

7. Called up share capital
Issued and called up

|  |  | 31/10/25 |  |  |  |  |  |
|  |  | No |  | £ |  |  |  |
| Ordinary Shares shares of £ 1.00 each |  | 100 |  | 100 |  |  |  |
|  |  | _______ |  | _______ |  |  |  |

Issued and partly paid

|  |  | 31/10/25 |  |  |  |  |  |
|  |  | No |  | £ |  |  |  |
| Ordinary Shares shares of £ 1.00 each - £ - paid |  | 100 |  | - |  |  |  |
|  |  | _______ |  | _______ |  |  |  |

The company issued 100 Ordinary shares of £1.00 each on incorporation which remain unpaid as at the reporting date.
8. Controlling party
The company is under the control of the director Mr P Walster .