Company Registration No. 03375195 (England and Wales)
Swillingham & Spalding Limited
Unaudited accounts
for the year ended 31 October 2017
Swillingham & Spalding Limited
Unaudited accounts
Contents
Swillingham & Spalding Limited
Company Information
for the year ended 31 October 2017
Directors
Stuart Spalding
Lee Swillingham
Company Number
03375195 (England and Wales)
Registered Office
74 ROCHESTER PLACE
LONDON
NW1 9JX
Accountants
Braant Accountants
20 to 22 Wenlock Road
London
N1 7GU
Swillingham & Spalding Limited
Statement of financial position
as at
31 October 2017
Tangible assets
233,451
235,586
Cash at bank and in hand
455,926
274,143
Creditors: amounts falling due within one year
(92,414)
(109,620)
Net current assets
481,381
406,724
Net assets
714,832
642,310
Called up share capital
2
2
Profit and loss account
714,830
642,308
Shareholders' funds
714,832
642,310
For the year ending 31 October 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 25 July 2018.
Stuart Spalding
Director
Company Registration No. 03375195
Swillingham & Spalding Limited
Notes to the Accounts
for the year ended 31 October 2017
Swillingham & Spalding Limited is a private company, limited by shares, registered in England and Wales, registration number 03375195. The registered office is 74 ROCHESTER PLACE, LONDON, NW1 9JX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 October 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 November 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant and machinery 20% straight line
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 November 2016
209,410
65,813
275,223
Additions
-
13,785
13,785
At 31 October 2017
209,410
79,598
289,008
At 1 November 2016
-
39,637
39,637
Charge for the year
-
15,920
15,920
At 31 October 2017
-
55,557
55,557
At 31 October 2017
209,410
24,041
233,451
At 31 October 2016
209,410
26,176
235,586
Swillingham & Spalding Limited
Notes to the Accounts
for the year ended 31 October 2017
Trade debtors
27,774
40,871
Other debtors
90,095
201,330
6
Creditors: amounts falling due within one year
2017
2016
Trade creditors
12,403
24,364
Taxes and social security
56,543
75,832
Other creditors
23,468
9,424
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan to Director
195,000
-
195,000
-
The loan carried interest at 0.6% per annum and was repaid in full on 01 February 2017.
8
Average number of employees
During the year the average number of employees was 7 (2016: 9).