Swagemaster Holdings Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 09122669 (England and Wales)

SWAGEMASTER HOLDINGS LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 9 JULY 2014 TO 31 JULY 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

6

DIRECTORS:

G A Rowley

K Rowley

D Rowley

REGISTERED OFFICE:

4 Parkside Court

Greenhough Road

Lichfield

Staffordshire

WS13 7AU

REGISTERED NUMBER:

09122669 (England and Wales)

ACCOUNTANTS:

Inspired Accountants (UK) Limited

Chartered Accountants

4 Parkside Court

Greenhough Road

Lichfield

Staffordshire

WS13 7AU

FIXED ASSETS

Tangible assets

2

243,292

Investments

3

1,300,000

1,543,292

CURRENT ASSETS

Debtors

207,195

Cash at bank

614,888

822,083

CREDITORS

Amounts falling due within one year

110,313

NET CURRENT ASSETS

711,770

TOTAL ASSETS LESS CURRENT LIABILITIES

2,255,062

PROVISIONS FOR LIABILITIES

45,586

NET ASSETS

2,209,476

CAPITAL AND RESERVES

Called up share capital

4

206

Share premium

1,215,140

Profit and loss account

994,130

SHAREHOLDERS' FUNDS

2,209,476

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 July 2015.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 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 4 April 2016 and were signed on its behalf by:

G A Rowley - 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 services, 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 etc

-

33% on reducing balance and 10% on reducing balance

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

271,738

At 31 July 2015

271,738

DEPRECIATION

Charge for period

28,446

At 31 July 2015

28,446

NET BOOK VALUE

At 31 July 2015

243,292

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

Additions

1,300,000

At 31 July 2015

1,300,000

NET BOOK VALUE

At 31 July 2015

1,300,000

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Swagemaster Engineering Services Limited

Nature of business: manufacture of machinery

%

Class of shares:

holding

Ordinary

100.00

31.10.14

£

Aggregate capital and reserves

498,084

Profit for the year

835,333

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

200

Ordinary

£1

200

1

A Ordinary

£1

1

1

B Ordinary

£1

1

1

C Ordinary

£1

1

1

D Ordinary

£1

1

1

E Ordinary

£1

1

1

F Ordinary

£1

1

206

The following shares were issued during the period for cash at par :

200 Ordinary shares of £1

1 A Ordinary share of £1

1 B Ordinary share of £1

1 C Ordinary share of £1

1 D Ordinary share of £1

1 E Ordinary share of £1

1 F Ordinary share of £1

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31 July 2015:

£

G A Rowley

Balance outstanding at start of period

-

Amounts advanced

122,045

Amounts repaid

(71,428

)

Balance outstanding at end of period

50,617

D Rowley

Balance outstanding at start of period

-

Amounts advanced

50,633

Amounts repaid

(29,814

)

Balance outstanding at end of period

20,819

Interest at the official rate has been charged to the loan accounts during the year.

The loans are to be repaid within nine months of the year end.