Swanbarton Ltd - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 04826593 (England and Wales)

Abbreviated Accounts

for the Year Ended 30 June 2015

for

Swanbarton Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

A C R Price

Mrs S E Price

SECRETARY:

A C R Price

REGISTERED OFFICE:

Barton House

Swan Barton

Sherston

Malmesbury

Wiltshire

SN16 0LJ

REGISTERED NUMBER:

04826593 (England and Wales)

ACCOUNTANTS:

Mander Duffill

Chartered Accountants

65 St Mary Street

Chippenham

Wiltshire

SN15 3JF

FIXED ASSETS

Tangible assets

2

5,064

4,180

CURRENT ASSETS

Stocks

23,073

-

Debtors

31,776

32,420

Cash at bank

107,731

164,026

162,580

196,446

CREDITORS

Amounts falling due within one year

121,429

139,689

NET CURRENT ASSETS

41,151

56,757

TOTAL ASSETS LESS CURRENT LIABILITIES

46,215

60,937

PROVISIONS FOR LIABILITIES

1,013

836

NET ASSETS

45,202

60,101

CAPITAL AND RESERVES

Called up share capital

3

1,000

1,000

Profit and loss account

44,202

59,101

SHAREHOLDERS' FUNDS

45,202

60,101

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 11 November 2015 and were signed on its behalf by:

A C R Price - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

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

Plant and machinery

-

15% on reducing balance

Pedal cycle

-

20% on reducing balance

Computer equipment

-

25% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to the profit and loss account in the period to which they

relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2014

12,330

Additions

3,333

At 30 June 2015

15,663

DEPRECIATION

At 1 July 2014

8,150

Charge for year

2,449

At 30 June 2015

10,599

NET BOOK VALUE

At 30 June 2015

5,064

At 30 June 2014

4,180

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.15

30.6.14

value:

£

£

500

Ordinary A

£1

500

500

500

Ordinary B

£1

500

500

1,000

1,000