Swinton Discount Warehouse Limited

Registered number

05121179

Filleted Accounts

31 December 2025

Swinton Discount Warehouse Limited
Registered number:		05121179
Balance Sheet
as at 31 December 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	4		126,573			105,850

Current assets
Stocks		8,744			9,682
Debtors	5	122,579			127,051
Cash at bank and in hand		921,524			905,423
		1,052,847			1,042,156

Creditors: amounts falling due within one year	6	(43,745)			(48,583)

Net current assets			1,009,102			993,573

Total assets less current liabilities			1,135,675			1,099,423


Provisions for liabilities			(7,636)			(10,032)


Net assets			1,128,039			1,089,391

Capital and reserves
Called up share capital			102			102
Profit and loss account			1,127,937			1,089,289

Shareholders' funds			1,128,039			1,089,391

The director is 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 director acknowledges his 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.




Mr Raymond Taylor
Director
Approved by the board on 1 June 2026

Swinton Discount Warehouse Limited
Notes to the Accounts
for the year ended 31 December 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 and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	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			15% reducing balance
	Motor vehicles			25% reducing balance

	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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					4		4


3	Intangible fixed assets							£
	Goodwill:

	Cost
	At 1 January 2025							30,000
	At 31 December 2025							30,000

	Amortisation
	At 1 January 2025							30,000
	At 31 December 2025							30,000

	Net book value
	At 31 December 2025							-

	Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.


4	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 January 2025	53,050		58,987		76,233		188,270
	Additions	33,333		-		-		33,333
	At 31 December 2025	86,383		58,987		76,233		221,603

	Depreciation
	At 1 January 2025	-		53,079		29,341		82,420
	Charge for the year	-		886		11,724		12,610
	At 31 December 2025	-		53,965		41,065		95,030

	Net book value
	At 31 December 2025	86,383		5,022		35,168		126,573
	At 31 December 2024	53,050		5,908		46,892		105,850


5	Debtors					2025		2024
£							£

	Trade debtors					250		900
	Other debtors					122,329		126,151
						122,579		127,051


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

	Trade creditors					2,430		2,106
	Taxation and social security costs					35,815		40,977
	Other creditors					5,500		5,500
						43,745		48,583


7	Related party transactions					2025		2024
	Directors' Loan Account					£	£
	The director is a related party to the company
	At 31st December, the company owed the related party the following
	interest-free, unsecured loans which are repayable upon demand:

	Amount due to/(from) the related party					(102,073)		(106,563)

8	Controlling party

	Mr R Taylor and Mrs C Taylor are the ultimate controlling parties by virtue of their 100% ownership of the issued ordinary share capital of the company.


9	Other information

	Swinton Discount Warehouse Limited is a private company limited by shares and incorporated in England. Its registered office is:
	89 Chorley Road
	Swinton
	Manchester
	M27 4AA