Accounts filed on 30-09-2018

Accounts filed on 30-09-2018

SWINTON TECHNOLOGY LIMITED - Company Information

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04236146falsesupplying flow computer solutions and metering software2017-10-012018-09-30http://www.companieshouse.gov.uk/2017-09-30http://www.companieshouse.gov.uk/pt:PlantMachinery2017-09-30http://www.companieshouse.gov.uk/pt:ShareCapital2017-09-30http://www.companieshouse.gov.uk/cd:Director12017-10-012018-09-30http://www.companieshouse.gov.uk/pt:PlantMachinery2018-09-30http://www.companieshouse.gov.uk/pt:ShareCapital2018-09-30http://www.companieshouse.gov.uk/cd:Director22017-10-012018-09-30http://www.companieshouse.gov.uk/pt:FurnitureFittings2017-09-30http://www.companieshouse.gov.uk/pt:CapitalRedemptionReserve2017-09-30http://www.companieshouse.gov.uk/cd:Director32017-10-012018-09-30http://www.companieshouse.gov.uk/pt:ToolsEquipment2017-09-30http://www.companieshouse.gov.uk/pt:FurnitureFittings2018-09-30http://www.companieshouse.gov.uk/pt:CapitalRedemptionReserve2018-09-30http://www.companieshouse.gov.uk/cd:Director42017-10-012018-09-30http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12017-10-012018-09-30http://www.companieshouse.gov.uk/pt:MotorCars2017-09-30http://www.companieshouse.gov.uk/pt:ToolsEquipment2018-09-30http://www.companieshouse.gov.uk/cd:RegisteredOffice2017-10-012018-09-30http://www.companieshouse.gov.uk/cd:Director52017-10-012018-09-30http://www.companieshouse.gov.uk/pt:MotorCars2018-09-30http://www.companieshouse.gov.uk/cd:Director62017-10-012018-09-30http://www.companieshouse.gov.uk/cd:Director72017-10-012018-09-30http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2017-10-012018-09-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2018-09-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2017-09-30http://www.companieshouse.gov.uk/2017-10-012018-09-30http://www.companieshouse.gov.uk/2017-09-30http://www.companieshouse.gov.uk/cd:FRS1022017-10-012018-09-30http://www.companieshouse.gov.uk/2018-09-30http://www.companieshouse.gov.uk/cd:FullAccounts2017-10-012018-09-30http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2017-10-012018-09-30iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 04236146
Swinton Technology Limited
ACCOUNTS
FOR THE YEAR ENDED 30/09/2018
Prepared By:
Grant Accounting
23 Crossfield Crescent
York
North Yorkshire
YO19 4QJ
Swinton Technology Limited
ACCOUNTS
FOR THE YEAR ENDED 30/09/2018
DIRECTORS
Jo Belsnes
Ingrid Belsnes
Andrew Jeffery
Lynn Jeffery
Ben Leach
Jacqui Leach
Christopher Wainwright
SECRETARY
Christopher Wainwright
REGISTERED OFFICE
Swinton House, Hertford Way
York Road Business Park
Malton
North Yorkshire
YO17 6YG
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 04236146
ACCOUNTANTS
Grant Accounting
23 Crossfield Crescent
York
North Yorkshire
YO19 4QJ
Swinton Technology Limited
ACCOUNTS
FOR THEYEARENDED30/09/2018
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
Swinton Technology Limited
BALANCE SHEET AT 30/09/2018
20182017
Notes££
FIXED ASSETS
Tangible assets247,55356,696
Investment Assets317,76017,760
65,31374,456
CURRENT ASSETS
Stock4,0004,000
Debtors52,617,2322,177,519
Cash at bank and in hand838,0901,226,129
3,459,3223,407,648
CREDITORS: Amounts falling due within one year6873,693710,178
NET CURRENT ASSETS2,585,6292,697,470
TOTAL ASSETS LESS CURRENT LIABILITIES2,650,9422,771,926
PROVISIONS FOR LIABILITIES AND CHARGES85,8289,064
NET ASSETS2,645,1142,762,862
CAPITAL AND RESERVES
Called up share capital92,0002,000
Capital redemption reserve10500500
Profit and loss account2,642,6142,760,362
SHAREHOLDERS' FUNDS2,645,1142,762,862
For the year ending 30/09/2018 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 directors acknowledge their 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 12/12/2018 and signed on their behalf by
.............................
Ben Leach
Director
Swinton Technology Limited
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/09/2018
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Long Leasehold Propertiesstraight line 12.5%
Fixtures and Fittingsstraight line 10%
Equipmentstraight line 25%
Motor Carsstraight line 100%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Investments
Fixed asset investments are shown at cost less amounts written off.
Provisions are made for permanent fluctuations in value.
Swinton Technology Limited
2. TANGIBLE FIXED ASSETS
Long LeaseholdPlant andFixtures
PropertiesMachineryand FittingsEquipmentMotor CarsTotal
££££££
Cost
At 01/10/201738,9015,84790,490218,77925,517379,534
Additions---13,857-13,857
At 30/09/201838,9015,84790,490232,63625,517393,391
Depreciation
At 01/10/201727,6215,84766,865199,27623,229322,838
For the year5,013-5,7009,9982,28923,000
At 30/09/201832,6345,84772,565209,27425,518345,838
Net Book Amounts
At 30/09/20186,267-17,92523,362(1)47,553
At 30/09/201711,280-23,62519,5032,28856,696
3. FiNANCIAL ASSETS
Shares in group companies
and participating interestsTotal
££
Cost
At 01/10/201717,76017,760
At 30/09/201817,76017,760
Amortisation
Net Book Amounts
At 30/09/201817,76017,760
At 30/09/201717,76017,760
The company holds 100% of the ordinary shares and voting rights of Swinton Technology Middle East D.M.C.C. The registered office of the company is situated in the United Arab Emirates.
The principal activity of Swinton Technology Middle East D.M.C.C. is onshore & offshore oil and gas fields services.
4. STOCK 20182017
££
Stock comprises:
Stock4,0004,000
4,0004,000
Swinton Technology Limited
5. DEBTORS 20182017
££
Amounts falling due within one year
Trade debtors1,194,585779,341
UK corporation tax14,06414,064
Other debtors13,1589,863
Amounts due from group companies935,027705,848
Prepayments66,00867,388
Accrued income394,390601,015
2,617,2322,177,519
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20182017
££
VAT57,47843,983
PAYE control40,55058,973
Trade creditors373,034239,312
Other creditors31,90010,572
Accruals205,690194,762
Deferred income165,041162,576
873,693710,178
7. EMPLOYEES
20182017
No.No.
Average number of employees4244
8. PROVISIONS FOR LIABILITIES 20182017
££
Deferred taxation5,8289,064
5,8289,064
Swinton Technology Limited
9. SHARE CAPITAL 20182017
££
Allotted, issued and fully paid:
2000 Ordinary shares of £1 each20002000
2,0002,000
10. OTHER RESERVES 20182017
££
Capital redemption reserve500500
500500
11. RELATED PARTY TRANSACTIONS
Swinton Technology Middle East D.M.C.C. - 100% subsidiary of Swinton Technology Limited.
As at 30 September 2018, this company was owed £935,027 (2017 - £705,848).