Swingrite (UK) Limited - Period Ending 2021-10-31

Swingrite (UK) Limited

Contents

Balance Sheet	1
Notes to the Financial Statements	2 to 3

Swingrite (UK) Limited

(Registration number: 06593533)
Balance Sheet as at 31 October 2021

	Note	2021 £	(As restated) 2020 £
Current assets
Debtors	4	1,717,749	1,805,903
Cash at bank and in hand		331,889	265,888
		2,049,638	2,071,791
Creditors: Amounts falling due within one year	5	(1,824,170)	(1,934,556)
Net assets		225,468	137,235
Capital and reserves
Called up share capital		6	6
Profit and loss account		225,462	137,229
Total equity		225,468	137,235

For the financial year ending 31 October 2021 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 accounts for the year in question in accordance with section 476; and
•	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 director on 8 March 2022
 

......................................... A J Milnes Company secretary and director

Swingrite (UK) Limited

Notes to the Financial Statements for the Year Ended 31 October 2021

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
18 Spring Grove
Harrogate
North Yorkshire
HG1 2HS

These financial statements were authorised for issue by the director on 8 March 2022.

2	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.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2020 - 1).

4

Debtors

	2021 £	(As restated) 2020 £
Other debtors	1,717,749	1,805,903
	1,717,749	1,805,903

Swingrite (UK) Limited

Notes to the Financial Statements for the Year Ended 31 October 2021

5

Creditors

Creditors: amounts falling due within one year

	2021 £	(As restated) 2020 £
Due within one year
Trade creditors	-	1,000
Accruals and deferred income	1,000	1,000
Other creditors	1,823,170	1,932,556
	1,824,170	1,934,556

The long term creditor of £1,806,000 in previous year is now been restated as short term creditor