SWB (GB) Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 06976656 (England and Wales)

Abbreviated Accounts

for the Year Ended 31 July 2016

for

SWB (GB) Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

S White

SECRETARY:

K Lines

REGISTERED OFFICE:

Chancery House

30 St Johns Road

Woking

Surrey

GU21 7SA

REGISTERED NUMBER:

06976656 (England and Wales)

ACCOUNTANTS:

Barnbrook Sinclair

Chartered Accountants

Chancery House

30 St Johns Road

Woking

Surrey

GU21 7SA

FIXED ASSETS

Tangible assets

2

51,270

19,560

CURRENT ASSETS

Debtors

170,908

63,073

Cash at bank

124,961

-

295,869

63,073

CREDITORS

Amounts falling due within one year

(132,452

)

(19,746

)

NET CURRENT ASSETS

163,417

43,327

TOTAL ASSETS LESS CURRENT
LIABILITIES

214,687

62,887

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

214,686

62,886

SHAREHOLDERS' FUNDS

214,687

62,887

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 24 March 2017 and were signed by:

S White - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents the value of goods and services provided to customers during the year, net of value added

tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Pension costs and other post-retirement benefits

Contributions paid to the defined contribution pension scheme are charged to the profit and loss account in the

period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

Cost

At 1 August 2015

33,188

Additions

51,141

Disposals

(6,400

)

At 31 July 2016

77,929

Depreciation

At 1 August 2015

13,628

Charge for year

17,090

Eliminated on disposal

(4,059

)

At 31 July 2016

26,659

Net book value

At 31 July 2016

51,270

At 31 July 2015

19,560

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/7/16

31/7/15

value:

£

1

Ordinary

£1

1