REGISTERED NUMBER: 06854058 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

SWAN WOOL EUROPE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Andrew Price

Paul Anthony Foley

REGISTERED OFFICE:

17A Victoria Mews

Mill Field Road

Cottingley Business Park

Bingley

West Yorkshire

BD16 1PY

REGISTERED NUMBER:

06854058 (England and Wales)

ACCOUNTANTS:

Walter Dawson & Son

Chartered Accountants

1 Valley Court

Canal Road

Bradford

West Yorkshire

BD1 4SP

FIXED ASSETS

Tangible assets

4

593

791

CURRENT ASSETS

Stocks

380,772

501,948

Debtors

5

673,083

238,557

Cash at bank

68,754

111,540

1,122,609

852,045

CREDITORS

Amounts falling due within one year

6

684,688

454,126

NET CURRENT ASSETS

437,921

397,919

TOTAL ASSETS LESS CURRENT LIABILITIES

438,514

398,710

CREDITORS

Amounts falling due after more than one year

7

-

(5,285

)

PROVISIONS FOR LIABILITIES

(148

)

(198

)

NET ASSETS

438,366

393,227

CAPITAL AND RESERVES

Called up share capital

150

150

Profit and loss account

438,216

393,077

438,366

393,227

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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.

The financial statements were approved by the Board of Directors and authorised for issue on 15 June 2026 and were signed on its behalf by:

Andrew Price - Director

1.	STATUTORY INFORMATION

Swan Wool Europe Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on 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 and deferred tax. 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 or deferred 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Income recognition

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.

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.

Leasing

Rentals payable under operating leases are charged to the profit and loss account on a straight line basis over the period of the leases. The benefits of lease incentives are recognised in the profit and loss account over the lease period on a straight line basis.

Finance cost of debt

The finance costs of debt, including interest and issue costs, are allocated to each period over the term of the debt and charged to the profit and loss account at a constant rate on the outstanding amount.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2025 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2025

and 31 March 2026

7,200

DEPRECIATION

At 1 April 2025

6,409

Charge for year

198

At 31 March 2026

6,607

NET BOOK VALUE

At 31 March 2026

593

At 31 March 2025

791

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

640,274

218,632

Amounts owed by associates

30,000

-

Other debtors

2,809

19,925

673,083

238,557

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans

5,285

71,057

Trade creditors

498,609

287,839

Amounts owed to associates

155,716

68,181

Taxation and social security

18,877

17,237

Other creditors

6,201

9,812

684,688

454,126

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

-

5,285

8.	LEASING AGREEMENTS

At the balance sheet date,there were non-cancellable operating leases totalling £8,500 (2025 £10,200).

9.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

5,285

76,342

Included within creditors is a bounce back loan amounting to £5,285(2025:£76,342) this is unsecured but backed by the government.

10.	RELATED PARTY DISCLOSURES

Included in debtors due within one year is an interest free loan of £30,000 (2025:Nil) due by companies in which the directors have an interest. Incuded in creditors due within one year is an interest free loan of £155,716 (2025:£68,181) due to companies in which the directors have an interest.

11.	PENSION COSTS

The assets of the pension scheme are held separately from those of the company in an independently administered fund. The pension cost represents contributions payable by the company to the fund and amounted to( £18,904) (2025:£11,071). Contributions totalling £277 (2025:£207) were payable at the year end and are included in creditors