SWAPZ_LIMITED - Accounts

SWAPZ LIMITED - Company Information

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Company Registration No. 04304506 (England and Wales)

SWAPZ LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2015

SWAPZ LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

SWAPZ LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 OCTOBER 2015

- 1 -

2015

2014

Notes

Fixed assets

Intangible assets

745

870

Current assets

Debtors

109,261

111,379

Cash at bank and in hand

119,261

95,938

228,522

207,317

Creditors: amounts falling due within one year

(15,341)

(13,851)

Net current assets

213,181

193,466

Total assets less current liabilities

213,926

194,336

Capital and reserves

Called up share capital

100,000

Profit and loss account

113,926

94,336

Shareholders' funds

213,926

194,336

For the financial year ended 31 October 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 19 July 2016

P.M. Kulawy

Director

Company Registration No. 04304506

SWAPZ LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Patents

Patents are valued at cost less accumulated amortisation. Amortisation is calculated to write off the cost in equal annual instalments over 10 years.

Fixed assets

Intangible assets

Cost

At 1 November 2014 & at 31 October 2015

1,245

Depreciation

At 1 November 2014

375

Charge for the year

125

At 31 October 2015

500

Net book value

At 31 October 2015

745

At 31 October 2014

870

Share capital

2015

2014

Allotted, called up and fully paid

100,000 Ordinary shares of £1 each

100,000