Swanky Software Ltd - Accounts to registrar (filleted) - small 18.2

Swanky Software Ltd - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 07018987 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

FOR

SWANKY SOFTWARE LTD

SWANKY SOFTWARE LTD (REGISTERED NUMBER: 07018987)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


SWANKY SOFTWARE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2021







DIRECTOR: Mr. A. A. Major



REGISTERED OFFICE: 151 Ringinglow Road
SHEFFIELD
S11 7PS



REGISTERED NUMBER: 07018987 (England and Wales)



ACCOUNTANTS: Smethurst & Co LLP
12 Abbey Road
GRIMSBY
DN32 0HL



BANKERS: HSBC Bank plc
55 Victoria Street
GRIMSBY
DN31 1UX

SWANKY SOFTWARE LTD (REGISTERED NUMBER: 07018987)

ABRIDGED BALANCE SHEET
31 MARCH 2021

31.3.21 31.3.20
Notes £    £   
CURRENT ASSETS
Debtors 1,428 4,574
Cash at bank 4,320 6,988
5,748 11,562
CREDITORS
Amounts falling due within one year 10,315 13,156
NET CURRENT LIABILITIES (4,567 ) (1,594 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(4,567

)

(1,594

)

CAPITAL AND RESERVES
Allotted, called up and
fully paid share capital 100 100
Profit and loss account (4,667 ) (1,694 )
SHAREHOLDERS' FUNDS (4,567 ) (1,594 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2021 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 December 2021 and were signed by:





Mr. A. A. Major - Director


SWANKY SOFTWARE LTD (REGISTERED NUMBER: 07018987)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021


1. STATUTORY INFORMATION

Swanky Software Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% Straight Line
Computer equipment - 25% Straight Line

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - 1 ).

SWANKY SOFTWARE LTD (REGISTERED NUMBER: 07018987)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2021


4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2020
and 31 March 2021 5,549
DEPRECIATION
At 1 April 2020
and 31 March 2021 5,549
NET BOOK VALUE
At 31 March 2021 -
At 31 March 2020 -

5. GOING CONCERN

The financial statements have been prepared on a going concern basis as the Director continues to offer financial support.