SWIM2SWIM Limited - Filleted accounts

Registered number

06916952

SWIM2SWIM Limited

Filleted Accounts

31 May 2026

SWIM2SWIM Limited
Registered number:		06916952
Balance Sheet
as at 31 May 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		745,302			761,371

Current assets
Stocks		250			300
Debtors	4	29			1,973
Cash at bank and in hand		47,035			18,865
		47,314			21,138

Creditors: amounts falling due within one year	5	(108,382)			(121,285)

Net current liabilities			(61,068)			(100,147)

Total assets less current liabilities			684,234			661,224

Creditors: amounts falling due after more than one year	6		(229,564)			(257,302)

Provisions for liabilities			(27,177)			(29,215)


Net assets			427,493			374,707

Capital and reserves
Called up share capital			100			100
Profit and loss account			427,393			374,607

Shareholders' funds			427,493			374,707

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.




Mrs K Sullivan
Director
Approved by the board on 29 September 2026

SWIM2SWIM Limited
Notes to the Accounts
for the year ended 31 May 2026


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 - solar panels			20% straight line
	Plant and machinery - pool			4% reducing balance
	Plant and machinery - other			15% and 20% reducing balance
	Pool building			1% 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					2026		2025
Number							Number

	Average number of persons employed by the company, including the directors					18		18


3	Tangible fixed assets
		Land and buildings		Plant and machinery - Pool		Equipment		Total
£			£		£		£
	Cost
	At 1 June 2025	626,935		157,400		65,414		849,749
	Additions	-		-		1,628		1,628
	At 31 May 2026	626,935		157,400		67,042		851,377

	Depreciation
	At 1 June 2025	27,986		37,479		22,913		88,378
	Charge for the year	3,843		4,797		9,057		17,697
	At 31 May 2026	31,829		42,276		31,970		106,075

	Net book value
	At 31 May 2026	595,106		115,124		35,072		745,302
	At 31 May 2025	598,949		119,921		42,501		761,371


4	Debtors					2026		2025
£							£

	Trade debtors					-		1,944
	Other debtors					29		29
						29		1,973


5	Creditors: amounts falling due within one year					2026		2025
£							£

	Bank loans and overdrafts					26,713		33,420
	Taxation and social security costs					62,619		44,904
	Other creditors					19,050		42,961
						108,382		121,285


6	Creditors: amounts falling due after one year					2026		2025
£							£

	Bank loans					229,564		257,302


7	Loans					2026		2025
£							£
	Creditors include:

	Secured bank loans					256,277		280,700

	Clydesdale Bank have a fixed and floating charge over the assets of the company.


8	Other information

	SWIM2SWIM Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Britania House
	Great Tey Road
	Little Tey
	Colchester, Essex
	CO6 1HZ