Sway Hair Extensions Trade Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 10788008 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2026

FOR

SWAY HAIR EXTENSIONS TRADE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr T Clark

Miss A J Clark

REGISTERED OFFICE:

Sway Hair Extensions Trade Limited

Unit 3-4 Rodgers Industrial Estate

Yalberton Road

Paignton

Devon

TQ4 7PJ

REGISTERED NUMBER:

10788008 (England and Wales)

ACCOUNTANTS:

Marsland Nash Associates

Chartered Tax Advisers, Accountants

and Business Consultants

Vantage Point House

Silverhills Road

Decoy Industrial Estate

Newton Abbot

Devon

TQ12 5ND

BANKERS:

Lloyds Bank

15 Blackheath Village

Blackheath

London

SE3 9LH

FIXED ASSETS

Tangible assets

4

42,482

34,460

CURRENT ASSETS

Stocks

5

1,633,633

1,573,417

Debtors

6

564,931

152,762

Cash at bank

44,619

35,408

2,243,183

1,761,587

CREDITORS

Amounts falling due within one year

7

1,065,536

857,226

NET CURRENT ASSETS

1,177,647

904,361

TOTAL ASSETS LESS CURRENT LIABILITIES

1,220,129

938,821

CREDITORS

Amounts falling due after more than one
year

8

-

(4,583

)

PROVISIONS FOR LIABILITIES

(10,620

)

(8,615

)

NET ASSETS

1,209,509

925,623

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

1,209,409

925,523

SHAREHOLDERS' FUNDS

1,209,509

925,623

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 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 31 August 2026 and were signed on its behalf by:

Mr T Clark - Director

Miss A J Clark - Director

1.	STATUTORY INFORMATION

Sway Hair Extensions Trade 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

-

15% on reducing balance

Computer equipment

-

25% 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 25 (2025 - 21 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 1 June 2025

43,237

27,725

70,962

Additions

12,766

7,202

19,968

At 31 May 2026

56,003

34,927

90,930

DEPRECIATION

At 1 June 2025

19,098

17,404

36,502

Charge for year

5,536

6,410

11,946

At 31 May 2026

24,634

23,814

48,448

NET BOOK VALUE

At 31 May 2026

31,369

11,113

42,482

At 31 May 2025

24,139

10,321

34,460

5.

STOCKS

2026

2025

£

Stocks

1,633,633

1,573,417

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Other debtors

538,101

146,374

Prepayments

26,830

6,388

564,931

152,762

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Bank loans and overdrafts

424,527

246,270

Trade creditors

84,800

74,421

Tax

107,176

58,576

Social security and other taxes

-

12,865

VAT

224,655

222,863

Other creditors

85,797

77,306

Pension payable

920

720

Directors' current accounts

133,322

160,015

Accrued expenses

4,339

4,190

1,065,536

857,226

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

Bank loans - 2-5 years

-

4,583

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2026 and 31 May 2025:

2026

2025

£

Mr T Clark

Balance outstanding at start of year

(159,560

)

(53,660

)

Amounts advanced

306,775

14,703

Amounts repaid

(277,392

)

(120,603

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(130,177

)

(159,560

)

Miss A J Clark

Balance outstanding at start of year

(455

)

(1,333

)

Amounts advanced

796

13,978

Amounts repaid

(3,486

)

(13,100

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(3,145

)

(455

)

Loans are unsecured and repayable on demand. Interest is charged at 10% in the year on credit loan balances.

10.	GOVERNMENT GUARANTEED LOAN

The bank loan of £3,333 is a COVID-19 CBILS, guaranteed by the government. Term runs to 17 June 2026.