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iso4217:GBP
| Swinton Technology Limited |
For the year ended 30 September 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 04236146
2
| Abbreviated Balance Sheet |
Swinton Technology Limited
2016
2015
2
71,031
100,158
17,760
17,760
3
88,791
117,918
8,875
4,000
2,311,774
2,245,046
995,479
549,457
3,244,525
2,870,106
| Creditors: amounts falling due within one year |
4
(682,715)
(747,976)
2,187,391
2,496,549
Net current assets
| Total assets less current liabilities |
2,585,340
2,305,309
(8,532)
(13,200)
| Provisions for liabilities |
2,576,808
Net assets
2,292,109
2,000
5
2,000
500
500
2,574,308
2,289,609
2,576,808
2,292,109
Shareholders funds
| For the year ended 30 September 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. |
| Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; |
| 2) The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts |
| These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime. |
| Date approved by the board: 21 February 2017 |
| Mr Christopher Wainwright Director |
| Signed on behalf of the board of directors |
| Mr Andrew David Jeffery Director |
1 of 4
3
| Notes to the Abbreviated Financial Statements |
Swinton Technology Limited
For the year ended 30 September 2016
| The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
| The company operates a defined contribution pension scheme for the benefit of its directors/and employees. |
| Contributions payable are charged to the profit and loss account in the period in which they are payable. |
| Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange |
| ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the |
| transaction. All foreign exchange differences are included to the profit and loss account. |
| Deferred taxation arises when items are charged or credited in accounts in different periods to those in which they are included in the company's tax computations.Deferred tax is provided in full on timing differences that result in an obligation to pay more (or less) tax at a future date. Deferred tax is calculated at the average rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The resulting deferred tax asset or liability is not discounted. |
| Proposed dividends are only included as liabilities in the financial statements when their payment has been approved |
| by the shareholders prior to the balance sheet date. |
| Research and development expenditure is charged to the profit and loss account in the period in which it is incurred. |
| However, where the directors are satisfied as to the technical, commercial and financial viability of individual projects, |
| development expenditure is deferred and amortised over 0 years during which the company is expected to benefit. |
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
2 of 4
4
| Notes to the Abbreviated Financial Statements |
Swinton Technology Limited
For the year ended 30 September 2016
Land and Buildings
| Over the term of the lease |
Plant and Machinery
Office Equipment
Motor Vehicles
| 4 - 10 years Straight line |
Fixtures and Fittings
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
| Stocks are valued at the lower of cost and net realisable value. Debtors include amounts recoverable on long term contracts which are stated at the net sales value of the work done after provision for contingencies and any anticipated future losses on contracts, less amounts received as progress payments on account. Any excess progress payments are included in creditors as payments on account. |
360,544
6,186
(2,305)
364,425
260,386
(1,409)
34,417
Charge for year
293,394
71,031
100,158
3 of 4
5
| Notes to the Abbreviated Financial Statements |
Swinton Technology Limited
For the year ended 30 September 2016
| 3 Fixed asset investments |
17,760
17,760
17,760
17,760
| The company owns more than 20% of the issued share capital of the companies listed below: |
| Swinton Technology Middle East D.M.C.C |
Ordinary
100.00
(353,491)
(102,597)
| Allotted called up and fully paid |
2016
2015
| 2,000 Ordinary shares of £1.00 each |
2,000
2,000
2,000
2,000
4 of 4
