Company Registration No. 06466271 (England and Wales)
Switch - Electric Limited
Unaudited accounts
for the year ended 31 March 2022
Switch - Electric Limited
Unaudited accounts
Contents
Switch - Electric Limited
Company Information
for the year ended 31 March 2022
Director
Wojciech JARSZAK
Company Number
06466271 (England and Wales)
Registered Office
UNIT 14
63 JEDDO ROAD
LONDON
W12 9EE
Accountants
AM Accountax Ltd
63 Jeddo Road
Unit 14
London
W12 9EE
Switch - Electric Limited
Statement of financial position
as at
31 March 2022
Tangible assets
15,963
21,125
Cash at bank and in hand
16,640
3,300
Creditors: amounts falling due within one year
(4,739)
(17,744)
Net current assets/(liabilities)
15,263
(3,651)
Total assets less current liabilities
31,226
17,474
Creditors: amounts falling due after more than one year
(43,848)
(33,125)
Net liabilities
(12,622)
(15,651)
Called up share capital
100
100
Profit and loss account
(12,722)
(15,751)
Shareholders' funds
(12,622)
(15,651)
For the year ending 31 March 2022 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 director acknowledges his 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.
The financial statements were approved by the Board and authorised for issue on 25 November 2022 and were signed on its behalf by
Wojciech JARSZAK
Director
Company Registration No. 06466271
Switch - Electric Limited
Notes to the Accounts
for the year ended 31 March 2022
Switch - Electric Limited is a private company, limited by shares, registered in England and Wales, registration number 06466271. The registered office is UNIT 14, 63 JEDDO ROAD, LONDON, W12 9EE.
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.
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 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:: 25%
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2021
26,000
-
26,000
At 31 March 2022
26,000
1,338
27,338
At 1 April 2021
4,875
-
4,875
Charge for the year
6,500
-
6,500
At 31 March 2022
11,375
-
11,375
At 31 March 2022
14,625
1,338
15,963
At 31 March 2021
21,125
-
21,125
Switch - Electric Limited
Notes to the Accounts
for the year ended 31 March 2022
Amounts falling due within one year
Amounts falling due after more than one year
Accrued income and prepayments
-
10,193
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
4,104
4,375
Taxes and social security
-
932
7
Creditors: amounts falling due after more than one year
2022
2021
Taxes and social security
13,055
-
8
Average number of employees
During the year the average number of employees was 2 (2021: 2).