Abbreviated Company Accounts - SWUX LTD

Abbreviated Company Accounts - SWUX LTD


Registered Number 07953972

SWUX LTD

Abbreviated Accounts

29 February 2016

SWUX LTD Registered Number 07953972

Abbreviated Balance Sheet as at 29 February 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 4,627 4,907
4,627 4,907
Current assets
Debtors 10,100 10,100
Cash at bank and in hand 8,177 7,656
18,277 17,756
Creditors: amounts falling due within one year (21,941) (22,022)
Net current assets (liabilities) (3,664) (4,266)
Total assets less current liabilities 963 641
Total net assets (liabilities) 963 641
Capital and reserves
Called up share capital 3 1 1
Profit and loss account 962 640
Shareholders' funds 963 641
  • For the year ending 29 February 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 28 October 2016

And signed on their behalf by:
Steven Wise, Director

SWUX LTD Registered Number 07953972

Notes to the Abbreviated Accounts for the period ended 29 February 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective January 2015.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Plant and machinery - 20% Reducing balance.

Other accounting policies
The pension costs charged in the financial statements represent the contribution payable by the company during the year.
The regular cost of providing retirement pensions and related benefits is charged to the profit and loss account over the employees' service lives on the basis of a constant percentage of earnings.

2Tangible fixed assets
£
Cost
At 1 March 2015 7,985
Additions 877
Disposals -
Revaluations -
Transfers -
At 29 February 2016 8,862
Depreciation
At 1 March 2015 3,078
Charge for the year 1,157
On disposals -
At 29 February 2016 4,235
Net book values
At 29 February 2016 4,627
At 28 February 2015 4,907
3Called Up Share Capital
Allotted, called up and fully paid:
2016
£
2015
£
1 Ordinary shares of £1 each 1 1