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 2013

SWAPZ LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 OCTOBER 2013

- 1 -

2013

2012

Notes

Fixed assets

Intangible assets

995

1,120

Current assets

Debtors

115,767

110,573

Cash at bank and in hand

70,252

60,836

186,019

171,409

Creditors: amounts falling due within one year

(9,895)

(9,629)

Net current assets

176,124

161,780

Total assets less current liabilities

177,119

162,900

Capital and reserves

Called up share capital

100,000

Profit and loss account

77,119

62,900

Shareholders' funds

177,119

162,900

For the financial year ended 31 October 2013 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has 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 23 July 2014

P.M. Kulawy

Director

Company Registration No. 04304506

SWAPZ LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2013

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 2012 & at 31 October 2013

1,245

Depreciation

At 1 November 2012

125

Charge for the year

125

At 31 October 2013

250

Net book value

At 31 October 2013

995

At 31 October 2012

1,120

Share capital

2013

2012

Allotted, called up and fully paid

100,000 Ordinary shares of £1 each

100,000