Swan Marketing Services Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07785393 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2020

for

Swan Marketing Services Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

P H Muir

REGISTERED OFFICE:

Pitmean

72 Park Road

Camberley

Surrey

GU15 2SN

REGISTERED NUMBER:

07785393 (England and Wales)

ACCOUNTANTS:

Butt Miller

Chartered Accountants

92 Park Street

Camberley

Surrey

GU15 3NY

FIXED ASSETS

Tangible assets

4

15

91

CURRENT ASSETS

Debtors

5

5,813

-

Cash at bank

15,205

12,093

21,018

12,093

CREDITORS

Amounts falling due within one year

6

(20,766

)

(19,432

)

NET CURRENT ASSETS/(LIABILITIES)

252

(7,339

)

TOTAL ASSETS LESS CURRENT LIABILITIES

267

(7,248

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

266

(7,249

)

SHAREHOLDERS' FUNDS

267

(7,248

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2020 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.

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

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

P H Muir - Director

1.	STATUTORY INFORMATION

Swan Marketing Services 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 represents invoiced sales of services, net of value added tax, under the Flat Rate Scheme.

Services provided under contracts to the extent that there is a right to consideration, are recorded at the value of the consideration due. Where a contract has only been partially completed at the year end date turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement 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 statement of financial position date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 October 2019

and 30 September 2020

2,498

DEPRECIATION

At 1 October 2019

2,407

Charge for year

76

At 30 September 2020

2,483

NET BOOK VALUE

At 30 September 2020

15

At 30 September 2019

91

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Director's current account

5,813

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Tax

3,264

-

VAT

15,402

14,738

Director's current account

-

2,655

Accruals

2,100

2,039

20,766

19,432

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2020 and 30 September 2019:

2020

2019

£

£

P H Muir

Balance outstanding at start of year

(2,655

)

20,381

Amounts advanced

16,828

1,141

Amounts repaid

(8,360

)

(24,177

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

5,813

(2,655

)

The above loan is unsecured, interest-free and repayable on demand.