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REGISTERED NUMBER:
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SWALLOW AQUATICS (KENT) LIMITED |
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Financial Statements |
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For The Year Ended 28 February 2017 |
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REGISTERED NUMBER:
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SWALLOW AQUATICS (KENT) LIMITED |
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Financial Statements |
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For The Year Ended 28 February 2017 |
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SWALLOW AQUATICS (KENT) LIMITED (REGISTERED NUMBER: 03591647) |
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Contents of the Financial Statements |
For The Year Ended 28 February 2017 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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SWALLOW AQUATICS (KENT) LIMITED |
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Company Information |
For The Year Ended 28 February 2017 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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INDEPENDENT AUDITORS : |
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Statutory Auditor |
Chartered Accountants |
1-5 Nelson Street |
Southend on Sea |
Essex |
SS1 1EG |
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BANKERS: |
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30 Lombard Street |
London |
EC3V 9BB |
SWALLOW AQUATICS (KENT) LIMITED (REGISTERED NUMBER: 03591647) |
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Balance Sheet |
28 February 2017 |
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2017 | 2016 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
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Cash in hand |
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CREDITORS |
Amounts falling due within one year | 5 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
by: |
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SWALLOW AQUATICS (KENT) LIMITED (REGISTERED NUMBER: 03591647) |
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Notes to the Financial Statements |
For The Year Ended 28 February 2017 |
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1. | STATUTORY INFORMATION |
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Swallow Aquatics (Kent) Limited is a
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company's registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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The company transitioned from the previously extant UK GAAP to FRS 102 as at 1 March 2014. An explanation |
of how transition to FRS 102 has affected the reported financial position and financial performance is given in |
the notes to the financial statements. |
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In the opinion of the directors, it remains appropriate to continue to adopt the going concern basis of accounting. |
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Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The |
Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party |
transactions with wholly owned subsidiaries within the group. |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to |
the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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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. |
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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. |
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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. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
scheme are charged to profit or loss in the period to which they relate. |
SWALLOW AQUATICS (KENT) LIMITED (REGISTERED NUMBER: 03591647) |
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Notes to the Financial Statements - continued |
For The Year Ended 28 February 2017 |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Amounts owed by group undertakings |
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Other debtors |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Bank loans and overdrafts |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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6. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
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The Report of the Auditors was unqualified. |
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for and on behalf of
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7. | CONTINGENT LIABILITIES |
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The company in the group have given unlimited cross-guarantees to it's bankers. |