SWG Elite Limited

SWG Elite Limited

SWG ELITE LIMITED - Company Information

Print Friendly Version

1 January 2017 false No description of principal activity Taxfiler 2018.11.Web 07485566business:PrivateLimitedCompanyLtd2017-01-012017-12-31 074855662016-12-31 074855662017-01-012017-12-31 07485566business:AuditExemptWithAccountantsReport2017-01-012017-12-31 07485566business:FullAccounts2017-01-012017-12-31 074855662017-12-31 07485566business:Director12017-01-012017-12-31 07485566business:CompanySecretary12017-01-012017-12-31 07485566business:RegisteredOffice2017-01-012017-12-31 074855662016-12-31 07485566core:WithinOneYear2017-12-31 07485566core:WithinOneYear2016-12-31 07485566core:ShareCapital2017-12-31 07485566core:ShareCapital2016-12-31 07485566core:RetainedEarningsAccumulatedLosses2017-12-31 07485566core:RetainedEarningsAccumulatedLosses2016-12-31 07485566business:SmallEntities2017-01-012017-12-31 07485566countries:EnglandWales2017-01-012017-12-31 07485566core:PlantMachinery2017-01-012017-12-31 07485566core:PlantMachinery2016-12-31 07485566core:PlantMachinery2017-12-31 074855662016-01-012016-12-31 iso4217:GBP xbrli:pure
Company Registration No. 07485566 (England and Wales)
SWG Elite Limited Unaudited accounts for the year ended 31 December 2017
SWG Elite Limited Unaudited accounts Contents
Page
- 2 -
SWG Elite Limited Company Information for the year ended 31 December 2017
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
- 3 -
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 2017
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 2017 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 loss 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 23 September 2018
- 4 -
SWG Elite Limited Statement of financial position as at 31 December 2017
2017 
2016 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
125 
250 
Current assets
Cash at bank and in hand
607 
3,018 
Creditors: amounts falling due within one year
5
(592)
(648)
Net current assets
15 
2,370 
Net assets
140 
2,620 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
139 
2,619 
Shareholders' funds
140 
2,620 
For the year ending 31 December 2017 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 23 September 2018.
Kaye Sharman Director Company Registration No. 07485566
- 5 -
SWG Elite Limited Notes to the Accounts for the year ended 31 December 2017
1
Statutory information
SWG Elite Limited is a private company, limited by shares, registered in England and Wales, registration number 07485566. The registered office 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
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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 straight line
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 January 2017
9,649 
At 31 December 2017
9,649 
Depreciation
At 1 January 2017
9,399 
Charge for the year
125 
At 31 December 2017
9,524 
Net book value
At 31 December 2017
125 
At 31 December 2016
250 
- 6 -
SWG Elite Limited Notes to the Accounts for the year ended 31 December 2017
5
Creditors: amounts falling due within one year
2017 
2016 
£ 
£ 
Trade creditors
- 
131 
Taxes and social security
141 
1,819 
Other creditors
676 
6 
Loans from directors
(825)
(1,908)
Accruals
600 
600 
592 
648 
6
Average number of employees
During the year the average number of employees was 0 (2016: 0).
- 7 -