Company Registration No. 11220173 (England and Wales)
Switchfoot Wealth Limited
Unaudited accounts
for the year ended 31 March 2026
Switchfoot Wealth Limited
Unaudited accounts
Contents
Switchfoot Wealth Limited
Company Information
for the year ended 31 March 2026
Company Number
11220173 (England and Wales)
Registered Office
28 Upper Hale Road
Farnham
GU9 0NS
Switchfoot Wealth Limited
Statement of financial position
as at 31 March 2026
Tangible assets
14,066
15,660
Cash at bank and in hand
56,624
9,804
Creditors: amounts falling due within one year
(48,846)
(31,066)
Net current assets/(liabilities)
10,619
(7,678)
Total assets less current liabilities
24,685
7,982
Creditors: amounts falling due after more than one year
-
(2,127)
Provisions for liabilities
Deferred tax
(2,673)
(2,975)
Called up share capital
1
1
Profit and loss account
22,011
2,879
Shareholders' funds
22,012
2,880
For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 2 October 2026 and were signed on its behalf by
S Elwell
Director
Company Registration No. 11220173
Switchfoot Wealth Limited
Notes to the Accounts
for the year ended 31 March 2026
Switchfoot Wealth Limited is a private company, limited by shares, registered in England and Wales, registration number 11220173. The registered office is 28 Upper Hale Road, Farnham, GU9 0NS.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts and rebates.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
3-5 years on a straight line basis
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Switchfoot Wealth Limited
Notes to the Accounts
for the year ended 31 March 2026
Impact as a Certified B Corporation
As a certified B Corporation, the company has amended its articles of association, committing it to balancing profit with purpose and ensuring accountability to all stakeholders, not just the current shareholders.
The amendments are a legal requirement of all UK B Corporations and are designed to
- provide a legal basis to allow directors to consider the interests of all stakeholders, not just shareholders, when making important decisions.
- protect the company’s mission and values through capital raises and leadership changes and give business leaders more flexibility when evaluating sale and liquidity options.
To demonstrate how the company is living into its commitments, it has published its annual impact report.
The latest Impact report is available at https://switchfootwealth.co.uk/impact/
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Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2025
21,013
7,710
28,723
At 31 March 2026
21,013
9,759
30,772
At 1 April 2025
6,758
6,305
13,063
Charge for the year
2,424
1,219
3,643
At 31 March 2026
9,182
7,524
16,706
At 31 March 2026
11,831
2,235
14,066
At 31 March 2025
14,255
1,405
15,660
Amounts falling due within one year
Accrued income and prepayments
2,841
3,751
Switchfoot Wealth Limited
Notes to the Accounts
for the year ended 31 March 2026
6
Creditors: amounts falling due within one year
2026
2025
Bank loans and overdrafts
3,375
5,000
Taxes and social security
24,544
12,600
Loans from directors
1,346
677
7
Creditors: amounts falling due after more than one year
2026
2025
8
Average number of employees
During the year the average number of employees was 3 (2025: 3).