SWG Elite Limited

SWG Elite Limited

SWG ELITE LIMITED - Company Information

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Company Registration No. 07485566 (England and Wales)
SWG Elite Limited Unaudited accounts for the year ended 31 December 2016
SWG Elite Limited Unaudited accounts Contents
Page
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SWG Elite Limited Company Information for the year ended 31 December 2016
Director
Kaye Sharman
Secretary
Kaye Sharman
Company Number
07485566 (England and Wales)
Registered Office
Ground Floor 2 Woodberry Grove North Fincley, London N12 0DR
Accountants
Bridgehouse Accountancy Svcs 27 Greenacre Park Rawdon Leeds West Yorkshire LS19 6AP
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SWG Elite Limited Accountants' report
Accountants' report to the director of SWG Elite Limited on the preparation of the unaudited statutory accounts for the year ended 31 December 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of SWG Elite Limited for the year ended 31 December 2016 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of SWG Elite Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of SWG Elite Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SWG Elite Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that SWG Elite Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of SWG Elite Limited. You consider that SWG Elite Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of SWG Elite Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Bridgehouse Accountancy Svcs 27 Greenacre Park Rawdon Leeds West Yorkshire LS19 6AP 24 September 2017
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SWG Elite Limited Statement of financial position as at 31 December 2016
2016 
2015 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
250 
- 
Current assets
Debtors
5
- 
2,475 
Cash at bank and in hand
3,018 
4,949 
3,018 
7,424 
Creditors: amounts falling due within one year
6
(648)
(756)
Net current assets
2,370 
6,668 
Net assets
2,620 
6,668 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
2,619 
6,667 
Shareholders' funds
2,620 
6,668 
For the year ending 31 December 2016 the company was entitled to exemption from audit 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 her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 24 September 2017.
Kaye Sharman Director Company Registration No. 07485566
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SWG Elite Limited Notes to the Accounts for the year ended 31 December 2016
1
Statutory information
SWG Elite Limited is a private company, limited by shares, registered in England and Wales, registration number 07485566. The registered office and principal place of business is Ground Floor, 2 Woodberry Grove, North Fincley, London, N12 0DR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 December 2016 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2015. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
3 year straigh line
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 January 2016
9,274 
Additions
375 
At 31 December 2016
9,649 
Depreciation
At 1 January 2016
9,274 
Charge for the year
125 
At 31 December 2016
9,399 
Net book value
At 31 December 2016
250 
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SWG Elite Limited Notes to the Accounts for the year ended 31 December 2016
5
Debtors
2016 
2015 
£ 
£ 
Trade debtors
- 
2,475 
6
Creditors: amounts falling due within one year
2016 
2015 
£ 
£ 
Trade creditors
131 
675 
Taxes and social security
1,819 
2,185 
Other creditors
6 
220 
Loans from directors
(1,908)
(2,924)
Accruals
600 
600 
648 
756 
7
Average number of employees
During the year the average number of employees was 0 (2015: 0).
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