Swift Chem-tex Limited - Accounts to registrar (filleted) - small 17.3
Swift Chem-tex Limited - Accounts to registrar (filleted) - small 17.3
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Period 1 July 2015 to 30 September 2016 |
| for |
| Swift Chem-tex Limited |
| Swift Chem-tex Limited (Registered number: 02221731) |
| Contents of the Financial Statements |
| for the Period 1 July 2015 to 30 September 2016 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Swift Chem-tex Limited |
| Company Information |
| for the Period 1 July 2015 to 30 September 2016 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| & Registered Auditors |
| Swift Chem-tex Limited (Registered number: 02221731) |
| Balance Sheet |
| 30 September 2016 |
| 30.9.16 | 30.6.15 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 3 |
| Cash in hand |
| CREDITORS |
| Amounts falling due within one year | 4 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CREDITORS |
| Amounts falling due after more than one year |
5 |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Profit and loss account | 9 | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| The directors acknowledge their 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 financial statements were approved by the Board of Directors on behalf by: |
| Swift Chem-tex Limited (Registered number: 02221731) |
| Notes to the Financial Statements |
| for the Period 1 July 2015 to 30 September 2016 |
| 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 net invoiced sales of goods, excluding value added tax. |
| Tangible fixed assets |
| Land and buildings | - |
| Plant and machinery etc | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete |
| and slow moving items. |
| Deferred tax |
| Deferred tax is provided in full on timing differences which result in an obligation at the balance sheet date |
| to pay more tax, or a right to pay less tax, at a future date, at rates expected to apply when they crystallise, |
| based on current tax rates and law. Timing differences arise from the inclusion of items of income and |
| expenditure in taxation computations in periods different from those in which they are included in the |
| financial statements. |
| Deferred tax assets are recognised to the extent that it is regarded as more likely than not that they will be |
| recovered. Deferred tax assets and liabilities are not discounted. |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. |
| Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held |
| under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the |
| shorter. |
| The interest element of these obligations is charged to the profit and loss account over the relevant period. |
| The capital element of the future payments is treated as a liability. |
| Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over |
| the period of the lease. |
| Going concern |
| The financial statements have been prepared on the going concern basis which assumes that the company |
| will continue in operational existence for the foreseeable future (see note 12). |
| 2. | TANGIBLE FIXED ASSETS |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| COST |
| At 1 July 2015 |
| and 30 September 2016 |
| DEPRECIATION |
| At 1 July 2015 |
| Charge for period |
| At 30 September 2016 |
| NET BOOK VALUE |
| At 30 September 2016 |
| At 30 June 2015 |
| Swift Chem-tex Limited (Registered number: 02221731) |
| Notes to the Financial Statements - continued |
| for the Period 1 July 2015 to 30 September 2016 |
| 2. | TANGIBLE FIXED ASSETS - continued |
| Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 1 July 2015 |
| and 30 September 2016 |
| DEPRECIATION |
| At 1 July 2015 |
| Charge for period |
| At 30 September 2016 |
| NET BOOK VALUE |
| At 30 September 2016 |
| At 30 June 2015 |
| 3. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.9.16 | 30.6.15 |
| £ | £ |
| Trade debtors | 8,546 | 38,992 |
| Other debtors | 14,852 | 14,852 |
| 4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.9.16 | 30.6.15 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 5. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 30.9.16 | 30.6.15 |
| £ | £ |
| Bank loans |
| 6. | LOANS |
| An analysis of the maturity of loans is given below: |
| 30.9.16 | 30.6.15 |
| £ | £ |
| Amounts falling due within one year or on demand: |
| Bank overdrafts |
| Amounts falling due between two and five years: |
| Bank loans - 2-5 years |
| 7. | OPERATING LEASE COMMITMENTS |
| Swift Chem-tex Limited (Registered number: 02221731) |
| Notes to the Financial Statements - continued |
| for the Period 1 July 2015 to 30 September 2016 |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 30.9.16 | 30.6.15 |
| value: | £ | £ |
| Ordinary shares | £1 |
| 9. | RESERVES |
| Profit |
| and loss |
| account |
| £ |
| At 1 July 2015 | ( |
) |
| Deficit for the period | ( |
) |
| At 30 September 2016 | ( |
) |
| 10. | RELATED PARTY DISCLOSURES |
| During the period company paid a rent of £nil (2015 - £8,690) to the directors. |
| 11. | ULTIMATE CONTROLLING PARTY |
| The controlling party is |
| 12. | GOING CONCERN |
| The company's liabilities exceed the assets by £381,468. The directors' anticipates that the company will |
| continue to meet its day to day working capital requirements through existing relationship with the creditors. |