Swan Laboratories Limited - Filleted accounts

Registered number

08957236

Swan Laboratories Limited

Filleted Accounts

30 April 2025

Swan Laboratories Limited
Registered number:		08957236
Balance Sheet
as at 30 April 2025

Notes			2025			2024
£				£
Current assets
Stocks		102,160			116,314
Debtors	4	38,012			14,976
Cash at bank and in hand		20,600			27,452
		160,772			158,742

Creditors: amounts falling due within one year	5	(139,162)			(127,566)

Net current assets			21,610			31,176

Total assets less current liabilities			21,610			31,176

Creditors: amounts falling due after more than one year	6		(45,320)			(55,320)

Net liabilities			(23,710)			(24,144)

Capital and reserves
Called up share capital			100			100
Profit and loss account			(23,810)			(24,244)

Shareholders' funds			(23,710)			(24,144)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




S A Cooper, Esq
Director
Approved by the board on 24 July 2026

Swan Laboratories Limited
Notes to the Accounts
for the year ended 30 April 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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, which is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	over 4 years

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.


2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		6		5


3	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 May 2024				47,514
	At 30 April 2025				47,514

	Depreciation
	At 1 May 2024				47,514
	At 30 April 2025				47,514

	Net book value
	At 30 April 2025				-


4	Debtors		2025		2024
£				£

	Trade debtors		30,823		13,776
	Other debtors		7,189		1,200
			38,012		14,976


5	Creditors: amounts falling due within one year		2025		2024
£				£

	Trade creditors		82,987		60,383
	Amounts owed to related parties		36,103		33,103
	Taxation and social security costs		5,667		19,728
	Other creditors		14,405		14,352
			139,162		127,566


6	Creditors: amounts falling due after one year		2025		2024
£				£

	Other creditors		45,320		55,320

	Included in creditors is £49,437 (2024: £58,577) owing to the directors, of which £45,320 (2024: £55,320) are long-term loans from the directors. The loans are interest-free and there is no fixed date of repayment. The directors have confirmed that the loans will only be repaid as and when cash flow permits.

7	Going concern

	The company is dependent on its creditors to continue their support for the company, although the directors are confident that sales, which have improved substantially since the balance sheet date, will enable the company to continue trading in the foreseeable future.

8	Related party transactions

	At the Balance Sheet date there was £36,103 (2024: £33,103) due from the company to Commerce Energy Limited, a company incorporated in the UK, of which the director, Mr S A Cooper, is the owner and director.


9	Controlling party

	The company is controlled by the directors who own the entire share capital of the company.


10	Other information

	Swan Laboratories Limited is a private company limited by shares and incorporated in England. Its registered office is:

	10 Union Street
	Barnet
	Herts
	EN5 4HZ