REGISTERED NUMBER: 06239940 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2025

for

Swell UK Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Directors:

Mrs D M Steadman

Mr A D Steadman

Mr P Jones

Registered office:

Unit C Sk14 Industrial Park

Broadway

Hyde

SK14 4QF

Registered number:

06239940 (England and Wales)

Accountants:

Allen Mills Howard & Co

Library Chambers

48 Union Street

Hyde

Cheshire

SK14 1ND

Fixed assets

Intangible assets

4

166,362

188,713

Tangible assets

5

247,051

260,130

413,413

448,843

Current assets

Stocks

2,717,281

2,383,472

Debtors

6

171,494

231,945

Cash at bank

94,143

574

2,982,918

2,615,991

Creditors

Amounts falling due within one year

7

2,431,950

2,091,470

Net current assets

550,968

524,521

Total assets less current liabilities

964,381

973,364

Creditors

Amounts falling due after more than one year

8

(88,504

)

(79,482

)

Provisions for liabilities

(61,662

)

(64,576

)

Net assets

814,215

829,306

Capital and reserves

Called up share capital

9

100

100

Retained earnings

814,115

829,206

Shareholders' funds

814,215

829,306

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2025 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 July 2026 and were signed on its behalf by:

Mr A D Steadman - Director

1.	Statutory information

Swell UK 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

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.

Patents and licences are being amortised evenly over their estimated useful life of twenty years.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

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

Improvements to property

-

20% on cost

Plant and machinery

-

20% on cost and 10% on cost

Fixtures and fittings

-

20% on cost and 10% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on cost

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 Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	Employees and directors

The average number of employees during the year was 50 (2024 - 50 ) .

4.	Intangible fixed assets

Other

intangible

assets

£

Cost

At 1 October 2024

430,230

Additions

79,084

At 30 September 2025

509,314

Amortisation

At 1 October 2024

241,517

Charge for year

101,435

At 30 September 2025

342,952

Net book value

At 30 September 2025

166,362

At 30 September 2024

188,713

5.	Tangible fixed assets

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

Cost

At 1 October 2024

6,144

466,318

67,609

Additions

892

56,018

5,440

Reclassification/transfer

-

-

(11,317

)

At 30 September 2025

7,036

522,336

61,732

Depreciation

At 1 October 2024

4,301

335,976

41,886

Charge for year

1,303

29,889

9,747

At 30 September 2025

5,604

365,865

51,633

Net book value

At 30 September 2025

1,432

156,471

10,099

At 30 September 2024

1,843

130,342

25,723

Motor

Computer

vehicles

equipment

Totals

£

£

£

Cost

At 1 October 2024

104,512

45,030

689,613

Additions

-

2,047

64,397

Reclassification/transfer

-

11,317

-

At 30 September 2025

104,512

58,394

754,010

Depreciation

At 1 October 2024

13,064

34,256

429,483

Charge for year

22,862

13,675

77,476

At 30 September 2025

35,926

47,931

506,959

Net book value

At 30 September 2025

68,586

10,463

247,051

At 30 September 2024

91,448

10,774

260,130

6.

Debtors

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

7,603

8,236

Other debtors

104,870

178,270

112,473

186,506

2025

2024

£

£

Amounts falling due after more than one year:

Other debtors

59,021

45,439

Aggregate amounts

171,494

231,945

7.

Creditors: amounts falling due within one year

2025

2024

£

£

Bank loans and overdrafts

397,600

442,204

Hire purchase contracts

17,886

22,018

Trade creditors

1,409,373

1,387,139

Taxation and social security

533,442

224,741

Other creditors

73,649

15,368

2,431,950

2,091,470

8.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Hire purchase contracts

88,504

79,482

9.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

10,000

Ordinary

1p

100

100