Swizzle Securities Limited - Accounts to registrar (filleted) - small 18.2
Swizzle Securities Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
SWIZZLE SECURITIES LIMITED |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2019 |
SWIZZLE SECURITIES LIMITED (REGISTERED NUMBER: 06824165) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2019 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
SWIZZLE SECURITIES LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 30 APRIL 2019 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Elfed House |
Oak Tree Court |
Cardiff Gate Business Park |
CARDIFF |
County of Cardiff |
CF23 8RS |
SWIZZLE SECURITIES LIMITED (REGISTERED NUMBER: 06824165) |
BALANCE SHEET |
30 APRIL 2019 |
2019 | 2018 |
Notes | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
CREDITORS |
Amounts falling due within one year | 5 | ( |
) | ( |
) |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 6 |
Share premium |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS |
The directors acknowledge their 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. |
In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered. |
The financial statements were approved for issue by the Board of Directors on behalf by: |
SWIZZLE SECURITIES LIMITED (REGISTERED NUMBER: 06824165) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2019 |
1. | STATUTORY INFORMATION |
Swizzle Securities Limited is a |
company's registered number and registered office address can be found on the Company Information page. |
The company's functional and presentational currency in the financial statements is the Sterling (£), rounded to |
the nearest pound. |
The significant accounting policies applied in the presentation of these financial statements are set out below. |
These policies have been consistently applied to all years presented unless otherwise stated. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
There have been no material departures from Financial Reporting Standard 102 Section 1A. |
Going concern |
At 30 April 2019 the company had net current liabilities of £34,403. However the company has the support of its |
related parties and main suppliers and therefore the directors are satisfied that the company will continue as a |
going concern and the financial statements have been prepared on this basis. |
Patents and licences |
Patents and licences obtained by the company are shown at cost less amortisation. They are amortised at rates |
calculated to write off the assets on a straight basis over their estimated useful economic lives, not to exceed |
twenty years. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying |
value of an asset may not be fully recoverable. |
Research and development |
Expenditure on pure and applied research is written off as incurred. Development expenditure is capitalised and |
written off over its expected useful life of ten years. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2018 - NIL). |
SWIZZLE SECURITIES LIMITED (REGISTERED NUMBER: 06824165) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2019 |
4. | INTANGIBLE FIXED ASSETS |
Patents |
and | Development |
licences | costs | Totals |
£ | £ | £ |
COST |
At 1 May 2018 |
and 30 April 2019 |
AMORTISATION |
At 1 May 2018 |
Amortisation for year |
At 30 April 2019 |
NET BOOK VALUE |
At 30 April 2019 |
At 30 April 2018 |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Trade creditors |
Accruals and deferred income |
6. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2019 | 2018 |
value: | £ | £ |
Ordinary | 20p | 50,128 | 50,128 |