Registration number:
Unaudited Abbreviated Accounts
for the Year Ended
Swan Processing Limited
Contents
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Swan Processing Limited
(Registration number: 3029352)
Abbreviated Balance Sheet at 31 March 2016
Note |
2016
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2015
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Fixed assets |
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Tangible fixed assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
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Net liabilities |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' deficit |
( |
( |
Approved by the Board on
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The notes on
pages
2
to
3
form an integral part of these financial statements.
Page 1
Swan Processing Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued
Accounting policies |
Basis of preparation
Going concern
The financial statements have been prepared on a going concern basis. The balance sheet shows that the company has net liabilities of £414,767 (2014 - £431,373) at the year end. In the opinion of the directors, the balance outstanding to Swan Mill Processing Limited, as detailed in note 9, is not expected to be repayable in the foreseeable future. The accounts are therefore drawn up on the going concern basis.
Turnover
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Freehold Property |
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Fixtures & Fittings |
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Fixed asset investments
Foreign currency
Financial instruments
Swan Processing Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued
Fixed assets |
Tangible assets
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Total
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Cost |
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At 1 April 2015 |
1,235,221 |
1,235,221 |
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At 31 March 2016 |
1,235,221 |
1,235,221 |
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Depreciation |
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At 1 April 2015 |
317,522 |
317,522 |
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Charge for the year |
27,149 |
27,149 |
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At 31 March 2016 |
344,671 |
344,671 |
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Net book value |
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At 31 March 2016 |
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At 31 March 2015 |
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Creditors |
Creditors includes the following liabilities, on which security has been given by the company:
2016
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2015
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Amounts falling due within one year |
222,673 |
220,374 |
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Amounts falling due after more than one year |
293,393 |
316,674 |
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Total secured creditors |
516,066 |
537,048 |
Share capital |
Allotted, called up and fully paid shares
2016 |
2015 |
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No. |
£ |
No. |
£ |
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