SWG Events Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 03796870 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

SWG EVENTS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A Pook

SECRETARY:

Mrs K Clare

REGISTERED OFFICE:

Vine House

Northwick Road

Pilning

Bristol

Avon

BS35 4HA

REGISTERED NUMBER:

03796870 (England and Wales)

ACCOUNTANTS:

Tayler Bradshaw

Cambridge House

16 High Street

Saffron Walden

Essex

CB10 1AX

FIXED ASSETS

Tangible assets

4

1,800,731

1,740,964

CURRENT ASSETS

Stocks

4,500

Debtors

5

134,460

163,089

Cash at bank

270,470

162,090

409,430

329,679

CREDITORS

Amounts falling due within one year

6

390,628

286,504

NET CURRENT ASSETS

18,802

43,175

TOTAL ASSETS LESS CURRENT LIABILITIES

1,819,533

1,784,139

CREDITORS

Amounts falling due after more than one
year

7

(429,481

)

(419,233

)

PROVISIONS FOR LIABILITIES

(335,258

)

(323,902

)

NET ASSETS

1,054,794

1,041,004

CAPITAL AND RESERVES

Called up share capital

2

Revaluation reserve

8

741,519

Retained earnings

313,273

299,483

SHAREHOLDERS' FUNDS

1,054,794

1,041,004

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 18 November 2025 and were signed by:

A Pook - Director

1.	STATUTORY INFORMATION

SWG Events Ltd 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance

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 Income Statement, 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 - 11 ).

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 March 2024

36,214

2,479,987

2,516,201

Additions

-

402,015

Disposals

-

(53,487

)

(53,487

)

At 28 February 2025

36,214

2,828,515

2,864,729

DEPRECIATION

At 1 March 2024

-

775,237

Charge for year

-

288,761

At 28 February 2025

-

1,063,998

NET BOOK VALUE

At 28 February 2025

36,214

1,764,517

1,800,731

At 29 February 2024

36,214

1,704,750

1,740,964

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 March 2024

293,597

Additions

236,287

Disposals

(33,111

)

At 28 February 2025

496,773

DEPRECIATION

At 1 March 2024

20,734

Charge for year

61,025

At 28 February 2025

81,759

NET BOOK VALUE

At 28 February 2025

415,014

At 29 February 2024

272,863

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28/2/25

29/2/24

£

Trade debtors

128,948

156,359

Other debtors

5,512

6,730

134,460

163,089

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28/2/25

29/2/24

£

Hire purchase contracts

76,242

Trade creditors

126,196

62,953

Taxation and social security

38,734

12,974

Other creditors

149,456

134,335

390,628

286,504

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28/2/25

29/2/24

£

Hire purchase contracts

333,455

220,377

Other creditors

96,026

198,856

429,481

419,233

8.

RESERVES

Revaluation

reserve

£

At 1 March 2024

and 28 February 2025

741,519