Swimfee (UK) Limited,Ltd - AccountsLtd - Accounts

Swimfee (UK) Limited,Ltd - AccountsLtd - Accounts

SWIMFEE (UK) LIMITED - Company Information

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2019-08-01 11490367 2020-07-31 11490367 2019-08-01 2020-07-31 11490367 2019-07-31 11490367 2018-07-30 2019-07-31 11490367 uk-core:WithinOneYear 2019-07-31 11490367 uk-core:WithinOneYear 2020-07-31 11490367 uk-core:AfterOneYear 2019-07-31 11490367 uk-core:AfterOneYear 2020-07-31 11490367 uk-core:ShareCapital 2020-07-31 11490367 uk-core:ShareCapital 2019-07-31 11490367 uk-core:RetainedEarningsAccumulatedLosses 2020-07-31 11490367 uk-core:RetainedEarningsAccumulatedLosses 2019-07-31 11490367 uk-bus:Director1 2019-08-01 2020-07-31 11490367 uk-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2019-07-31 11490367 uk-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2020-07-31 11490367 uk-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2019-08-01 2020-07-31 iso4217:GBP xbrli:pure 11490367 uk-bus:AuditExemptWithAccountantsReport 2019-08-01 2020-07-31 11490367 uk-bus:FRS102 2019-08-01 2020-07-31 11490367 uk-bus:FullAccounts 2019-08-01 2020-07-31 11490367 uk-bus:PrivateLimitedCompanyLtd 2019-08-01 2020-07-31
Swimfee (UK) Limited
Registered Number:11490367
For the year ended 31 July 2020
England and Wales
Unaudited Financial Statements
2
For the year ended 31 July 2020
Swimfee (UK) Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
11490367
As at 31 July 2020
Swimfee (UK) Limited
Statement of Financial Position
£
£
2019
2020
Notes
Fixed assets
Intangible assets
8,225
10,893
2
8,225
10,893
Current assets
Trade and other receivables
50
-
3
1,231
Cash and cash equivalents
92
92
1,281
Trade and other payables: amounts falling due
within one year
(2,488)
(1,584)
4
(1,207)
(1,492)
Net current liabilities
Total assets less current liabilities
6,733
9,686
Trade and other payables: amounts falling due after
more than one year
(14,128)
(27,726)
5
(20,993)
Net liabilities
(4,442)
Capital and reserves
Called up share capital
100
100
Retained earnings
(21,093)
(4,542)
(20,993)
(4,442)
Shareholders' funds
For the year ended 31 July 2020 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 of its financial statements for the year ended 31 July 2020 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been deliver
ed.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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4
Registered Number :
11490367
For the year ended 31 July 2020
Swimfee (UK) Limited
Statement of Financial Position Continued
Mr Ismael Van Der Schyff Director
These financial statements were approved and authorised for issue by the Board on 13 April 2021 and were signed by:
The notes form part of these financial statements
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5
For the year ended 31 July 2020
Swimfee (UK) Limited
Notes to the Financial Statements
Statutory Information
Swimfee (UK) Limited is a private limited company, limited by shares, domiciled in England and
Wales, registration number 11490367.
Principal place of business:
336
Ipswich Road
Colchester
Essex
CO4 0ET
Registered address:
C/o EMA Squared
110 High Street
Earls Colne
Essex
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of
Financial Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and
Republic of Ireland'' and the Companies Act 2006. The financial statements have been prepared
under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the commission received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes (if registraable).
Intangible assets
Intangible assets represent capitalised development costs that are amortised over five years on a straight line basis, as the next phase of development is anticipated to be in five years time.
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6
For the year ended 31 July 2020
Swimfee (UK) Limited
Notes to the Financial Statements Continued
2. Intangible fixed assets
Research &
Development
Cost or valuation
£
At 01 August 2019
13,338
At 31 July 2020
13,338
Amortisation
At 01 August 2019
2,445
2,668
Charge for year
At 31 July 2020
5,113
Net book value
At 31 July 2020
8,225
3. Trade and other receivables
2019
2020
£
£
Other debtors
-
50
4. Trade and other payables: amounts falling due within one year
2019
2020
£
£
Trade creditors
-
1,183
Taxation and social security
384
105
Other creditors
1,200
1,200
1,584
2,488
5. Trade and other payables: amounts falling due after more than one year
2019
2020
£
£
Other creditors
27,726
14,128
6. Average number of persons employed
During the year the average number of employees was 2 (2019 : 2)
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