REGISTERED NUMBER: 04911020 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

SWAIN BROS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Timothy Daniel Swain

Andrew Patrick Swain

REGISTERED OFFICE:

Archer House

Britland Estate

Northbourne Road

Eastbourne

East Sussex

BN22 8PW

REGISTERED NUMBER:

04911020 (England and Wales)

ACCOUNTANTS:

Dominic Hill Associates Limited

Archer House

Britland Estate

Northbourne Road

Eastbourne

East Sussex

BN22 8PW

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

157,414

174,884

157,414

174,884

CURRENT ASSETS

Stocks

50,227

51,257

Debtors

6

70,550

49,352

120,777

100,609

CREDITORS

Amounts falling due within one year

7

171,900

166,816

NET CURRENT LIABILITIES

(51,123

)

(66,207

)

TOTAL ASSETS LESS CURRENT LIABILITIES

106,291

108,677

CREDITORS

Amounts falling due after more than one year

8

48,143

50,455

NET ASSETS

58,148

58,222

CAPITAL AND RESERVES

Called up share capital

22

22

Revaluation reserve

9

57,434

57,434

Retained earnings

692

766

SHAREHOLDERS' FUNDS

58,148

58,222

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2026 and were signed on its behalf by:

Timothy Daniel Swain - Director

Andrew Patrick Swain - Director

1.	STATUTORY INFORMATION

Swain Bros 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents net invoiced sales of goods and services excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance and 20% on cost

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 NIL (2024 - 4 ).

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

and 31 December 2025

50,000

AMORTISATION

At 1 January 2025

and 31 December 2025

50,000

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST OR VALUATION

At 1 January 2025

and 31 December 2025

221,356

DEPRECIATION

At 1 January 2025

46,472

Charge for year

17,470

At 31 December 2025

63,942

NET BOOK VALUE

At 31 December 2025

157,414

At 31 December 2024

174,884

Cost or valuation at 31 December 2025 is represented by:

Plant and

machinery

etc

£

Valuation in 2024

(24,041

)

Cost

245,397

221,356

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

7,183

3,015

Other debtors

63,367

46,337

70,550

49,352

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

78,013

100,528

Hire purchase contracts

49,871

20,403

Trade creditors

31,720

33,117

Taxation and social security

8,120

9,616

Other creditors

4,176

3,152

171,900

166,816

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

48,143

6,203

Hire purchase contracts

-

44,252

48,143

50,455

9.

RESERVES

Revaluatio

reserve

£

At 1 January 2025

and 31 December 2025

57,434

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in debtors are loans to the directors. Mr Tim Swain owes £23,976.07, Mr A Swain owes £31,995.31. There are are no terms attached to these loans.

11.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party. The directors of the company hold 45% of the issued share capital each.