SWlets Limited - Period Ending 2016-10-31

Registration number: 08747405

SWlets Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 October 2016
 

Jackie Bonella BSc. ACA
Chartered Accountant
AIMS Accountants for Business
Avonlea
Bush Lane
Send
Surrey
GU23 7HP

SWlets Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

SWlets Limited
(Registration number: 08747405)
Abbreviated Balance Sheet at 31 October 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					4,906			7,811
Current assets
Debtors					44			-
Cash at bank and in hand					160			48,105
					204			48,105
Creditors: Amounts falling due within one year					(2,504)			(30,400)
Net current (liabilities)/assets					(2,300)			17,705
Net assets					2,606			25,516
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					2,506			25,416
Shareholders' funds					2,606			25,516

For the year ending 31 October 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 director acknowledges his 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 director on 7 May 2017

.........................................
N Sarkar
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

SWlets Limited
Notes to the Abbreviated Accounts for the Year Ended 31 October 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	25% straight line basis
Computer equipment	25% straight line basis

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 November 2015		11,622			11,622
At 31 October 2016		11,622			11,622
Depreciation
At 1 November 2015		3,811			3,811
Charge for the year		2,905			2,905
At 31 October 2016		6,716			6,716
Net book value
At 31 October 2016		4,906			4,906
At 31 October 2015		7,811			7,811

Page 2

SWlets Limited
Notes to the Abbreviated Accounts for the Year Ended 31 October 2016
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

Page 3