Swallow Cleaning Contractors Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04956152

Swallow Cleaning Contractors Limited

Filleted Unaudited Financial Statements

For the year ended

28 February 2025

Swallow Cleaning Contractors Limited

Statement of Financial Position

28 February 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	6		85,735	106,688

Current assets

Stocks		8,147	5,694
Debtors	7	140,925	376,007
Cash at bank and in hand		219,766	208,086
		----------	----------
		368,838	589,787

Creditors: amounts falling due within one year	8	199,286		143,221
		----------		----------
Net current assets			169,552	446,566
			----------	----------
Total assets less current liabilities			255,287	553,254

Provisions

Taxation including deferred tax	13,369	16,812
	----------	----------
Net assets	241,918	536,442
	----------	----------

Swallow Cleaning Contractors Limited

Statement of Financial Position (continued)

28 February 2025

	2025		2024
Note	£	£	£

Capital and reserves

Called up share capital	200	200
Profit and loss account	241,718	536,242
	----------	----------
Shareholders funds	241,918	536,442
	----------	----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 28 October 2025 , and are signed on behalf of the board by:

C R Nickerson
Director

Company registration number: 04956152

Swallow Cleaning Contractors Limited

Notes to the Financial Statements

Year ended 28 February 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Tower House, Lucy Tower Street, Lincoln, LN1 1XW.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	10% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and Machinery	-	10% reducing balance
Motor Vehicles	-	25% reducing balance
Office Equipment	-	10% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 153 (2024: 176 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 March 2024 and 28 February 2025	150,000
	----------
Amortisation
At 1 March 2024 and 28 February 2025	150,000
	----------
Carrying amount
At 28 February 2025	–
	----------
At 29 February 2024	–
	----------

6. Tangible assets

	Plant and machinery	Motor vehicles	Equipment	Total
	£	£	£	£
Cost
At 1 March 2024	73,858	223,342	57,033	354,233
Additions	–	–	10,198	10,198
Disposals	–	( 10,765)	–	( 10,765)
	---------	----------	---------	----------
At 28 February 2025	73,858	212,577	67,231	353,666
	---------	----------	---------	----------
Depreciation
At 1 March 2024	53,784	155,252	38,509	247,545
Charge for the year	2,007	26,672	2,391	31,070
Disposals	–	( 10,684)	–	( 10,684)
	---------	----------	---------	----------
At 28 February 2025	55,791	171,240	40,900	267,931
	---------	----------	---------	----------
Carrying amount
At 28 February 2025	18,067	41,337	26,331	85,735
	---------	----------	---------	----------
At 29 February 2024	20,074	68,090	18,524	106,688
	---------	----------	---------	----------

7. Debtors

	2025	2024
	£	£
Trade debtors	127,564	124,812
Other debtors	13,361	251,195
	----------	----------
	140,925	376,007
	----------	----------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	11,299	6,760
Corporation tax	38,680	58,750
Social security and other taxes	69,733	71,735
Other creditors	79,574	5,976
	----------	----------
	199,286	143,221
	----------	----------

9. Director's advances, credits and guarantees

At the year end, director C R Nickerson owed £16,616 to the company (2024: £129,504 owed to the company. Interest has been charged at the official rate of interest on debit balances that exceeded £10,000 at any point during the year.