Swale Limited - Accounts to registrar (filleted) - small 18.1

Swale Limited - Accounts to registrar (filleted) - small 18.1

SWALE LIMITED - Company Information

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REGISTERED NUMBER: 09234056 (England and Wales)
















Unaudited Financial Statements

for the Year Ended

30 September 2017

for

Swale Limited
Swale Limited (Registered number: 09234056)






Contents of the Financial Statements
for the Year Ended 30 September 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Swale Limited

Company Information
for the Year Ended 30 September 2017







DIRECTORS: G C Raper
C E Shrimpton





REGISTERED OFFICE: The Old Grain Store Moor Lane
Myton-On-Swale
York
North Yorkshire
YO61 2RA





REGISTERED NUMBER: 09234056 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
Oak Tree House, Harwood Road
Northminster Business Park
Upper Poppleton
York
YO26 6QU
Page 1
Swale Limited (Registered number: 09234056)

Balance Sheet
30 September 2017

30/9/17 30/9/16
Notes £    £   
CURRENT ASSETS
Debtors 4 71,107 18,688
Cash at bank 922 123
72,029 18,811
CREDITORS
Amounts falling due within one year 5 72,759 18,632
NET CURRENT (LIABILITIES)/ASSETS (730 ) 179
TOTAL ASSETS LESS CURRENT
LIABILITIES
(730
)
179

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings (830 ) 79
SHAREHOLDERS' FUNDS (730 ) 179

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 29 June 2018 and were signed on its behalf by:





C E Shrimpton - Director


The notes form part of these financial statements

Page 2
Swale Limited (Registered number: 09234056)

Notes to the Financial Statements
for the Year Ended 30 September 2017

1. STATUTORY INFORMATION

Swale Limited is a private company, limited by shares , registered in England and Wales. The company's
registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

There were no material departures from that standard.

These financial statements for the year ended 30 September 2017 are the first financial statements that comply
with FRS 102 Section 1A small entities. The date of transition is 1 October 2015.

The principal accounting policies adopted in the preparation of the financial statements are set out below and
have remained unchanged from the previous year, and also have been consistently applied within the same
accounts.

The financial statements are prepared on the going concern basis which assumes that the company will continue
to trade. However the validity of the going concern basis is dependent upon the support of the creditors and the
directors. Should the company be unable to continue trading, adjustments would have to be made to reduce the
value of the assets to their recoverable amounts, to provide for any further liabilities which might arise, and to
reclassify fixed assets as current assets and long term liabilities as current liabilities.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at
transaction price. Any losses arising from impairment are recognised in the profit and loss account in other
operating expenses.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account,
except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Page 3 continued...
Swale Limited (Registered number: 09234056)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2017

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2016 - 3 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/17 30/9/16
£    £   
Trade debtors - 4,440
Other debtors 67,140 9,930
Directors' current accounts 3,967 4,318
71,107 18,688

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/17 30/9/16
£    £   
Trade creditors 166 128
Tax 19,277 8,116
Social security and other taxes 21,703 8,788
Accruals and deferred income 31,613 1,600
72,759 18,632

6. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 30/9/17 30/9/16
value: £    £   
100 Ordinary £1 100 100

7. RELATED PARTY DISCLOSURES

Directors of the company
30/09/17 30/09/16
£ £
Amounts due from directors 3,967 4,318

No interest has been charged.

8. FIRST YEAR ADOPTION

The company has adopted FRS 102 for the first time in the year ended 30 September 2017, and no adjustments
were required on transition.

Page 4