Swingrite (UK) Limited - Period Ending 2018-10-31
Swingrite (UK) Limited - Period Ending 2018-10-31
Registration number:
Swingrite (UK) Limited
for the Period from 1 January 2018 to 31 October 2018
Swingrite (UK) Limited
Contents
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Balance Sheet |
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Notes to the Financial Statements |
Swingrite (UK) Limited
(Registration number: 06593533)
Balance Sheet as at 31 October 2018
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1 January 2018 |
Year ended 31 |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
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( |
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Net liabilities |
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( |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Total equity |
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For the financial period ending 31 October 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
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A J Milnes
Company secretary and director
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Page 1 |
Swingrite (UK) Limited
Notes to the Financial Statements for the Period from 1 January 2018 to 31 October 2018
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
At the balance sheet date the company had net liabilities of £84,666. The directors have indicated their willingness to support the company as necessary for the foreseeable future. On this basis, the company's director considers it appropriate for these financial statements to be prepared on a going concern basis.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
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Asset class |
Depreciation method and rate |
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Office equipment |
33% on cost |
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Staff numbers |
The average number of persons employed by the company (including the director) during the period, was
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Page 2 |
Swingrite (UK) Limited
Notes to the Financial Statements for the Period from 1 January 2018 to 31 October 2018
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Creditors |
Creditors: amounts falling due within one year
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Note |
1 January 2018 |
Year ended 31 |
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Due within one year |
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Bank loans and overdrafts |
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Trade creditors |
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Taxation and social security |
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Creditors: amounts falling due after more than one year
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1 January 2018 |
Year ended 31 |
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Due after one year |
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Other non-current financial liabilities |
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Page 3 |