Accounts filed on 28-02-2019

Accounts filed on 28-02-2019

SWALLOW (GB) LIMITED - Company Information

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Registered number: 6816243
SWALLOW (GB) LIMITED
ACCOUNTS
FOR THE YEAR ENDED 28/02/2019
Prepared By:
Lindrick Accountancy Services Limited
205 Outgang Lane
Sheffield
S25 3QY
SWALLOW (GB) LIMITED
ACCOUNTS
FOR THE YEAR ENDED 28/02/2019
DIRECTORS
M Bainbridge
REGISTERED OFFICE
205 OUTGANG LANE
DINNINGTON
SHEFFIELD
SOUTH YORKSHIRE
S25 3QY
COMPANY DETAILS
registered in England, registered number 6816243
ACCOUNTANTS
Lindrick Accountancy Services Limited
205 Outgang Lane
Sheffield
S25 3QY
SWALLOW (GB) LIMITED
ACCOUNTS
FOR THEYEARENDED28/02/2019
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-
SWALLOW (GB) LIMITED
BALANCE SHEET AT 28/02/2019
20192018
Notes££
FIXED ASSETS
Tangible assets2616,943555,084
CURRENT ASSETS
Stock135,185135,500
Debtors4267,244136,702
Cash at bank and in hand380,816238,114
783,245510,316
CREDITORS: Amounts falling due within one year5237,660173,392
NET CURRENT ASSETS545,585336,924
TOTAL ASSETS LESS CURRENT LIABILITIES1,162,528892,008
CREDITORS: Amounts falling due after more than one year6251,426260,597
NET ASSETS911,102631,411
CAPITAL AND RESERVES
Called up share capital8100100
Profit and loss account911,002631,311
SHAREHOLDERS' FUNDS911,102631,411
For the year ending 28/02/2019 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 22/11/2019 and signed on their behalf by
.............................
M Bainbridge
Director
SWALLOW (GB) LIMITED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 28/02/2019
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 section 1A - 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.
Plant and Machinery 25%
Commercial Vehicles 25%
Fixtures and Fittings 15%
Equipment 25%
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. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
SWALLOW (GB) LIMITED
2. TANGIBLE FIXED ASSETS
Land AndLong LeaseholdPlant andCommercialFixtures
BuildingsPropertiesMachineryVehiclesand FittingsEquipmentTotal
£££££££
Cost
At 01/03/2018431,88019,492126,18951,99345,1704,866679,590
Additions-5,43261,4932,20021,5621,02391,710
At 28/02/2019431,88024,924187,68254,19366,7325,889771,300
Depreciation
At 01/03/2018--57,39240,67924,4292,006124,506
For the year--19,5433,3796,34658329,851
At 28/02/2019--76,93544,05830,7752,589154,357
Net Book Amounts
At 28/02/2019431,88024,924110,74710,13535,9573,300616,943
At 28/02/2018431,88019,49268,79711,31420,7412,860555,084
3. STOCK 20192018
££
Stock comprises:
Stock135,185135,500
135,185135,500
4. DEBTORS 20192018
££
Amounts falling due within one year
Trade debtors257,978127,228
Other debtors1,100-
Prepayments1,9541,509
Directors current account6,2127,965
267,244136,702
SWALLOW (GB) LIMITED
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20192018
££
UK corporation tax64,42644,968
VAT46,13012,951
PAYE control7,4948,003
Bank Loan8,2166,598
Trade creditors105,73079,165
Other creditors-18,950
Pension schemes929-
Accruals4,7352,757
237,660173,392
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20192018
££
Bank loans (secured) >1yr251,426260,597
251,426260,597
7. EMPLOYEES
20192018
No.No.
Average number of employees2627
8. SHARE CAPITAL 20192018
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100