Registered Number:09828971 |
For the year ended 31 March 2023
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2023
Swinton Carpets Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Swinton Carpets Ltd
Statement of Financial Position
2022
2023
17,494
24,266
2
Property, plant and equipment |
8,283
1,828
3
25,777
26,094
129,480
124,200
4
Trade and other receivables |
28,005
12,692
5
11,258
Cash and cash equivalents |
1,084
137,976
168,743
Trade and other payables: amounts falling due within one year |
(178,710)
(217,554)
6
(9,967)
(79,578)
Net current liabilities
Total assets less current liabilities |
(53,801)
16,127
Trade and other payables: amounts falling due after more than one year |
(41,667)
(21,667)
7
(75,468)
Net liabilities
(25,540)
1
1
(75,469)
(25,541)
(75,468)
(25,540)
Shareholders' funds
For the year ended 31 March 2023 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 of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges her responsibilities for:a) ensuring that the company keeps proper 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 Section 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
Miss Natalie Banks Director |
These financial statements were approved and authorised for issue by the Board on 18 December 2023 and were signed by: |
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For the year ended 31 March 2023
Swinton Carpets Ltd
Statement of Financial Position Continued
The notes form part of these financial statements |
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For the year ended 31 March 2023
Swinton Carpets Ltd
Notes to the Financial Statements
Statutory Information
Swinton Carpets Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number 09828971. |
Principal place of business: |
Unit 3-5 Rowms Lane
Swinton
Mexborough
S64 8AA
Horizon House
2 Whiting Street
Sheffield
S8 9QR
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of 10 years. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Land and buildings
Motor vehicles
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
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For the year ended 31 March 2023
Swinton Carpets Ltd
Notes to the Financial Statements Continued
2. Intangible fixed assets |
Goodwill
67,717
67,717
43,451
6,772
Charge for year
50,223
17,494
24,266
3. Property, plant and equipment |
Motor vehicles
Land and buildings
6,085
1,490
2,595
2,000
7,225
7,225
-
-
2,000
2,595
8,715
13,310
Provision for depreciation and impairment |
4,257
812
2,595
850
Charge for year
770
570
-
200
5,027
1,382
2,595
1,050
950
-
7,333
8,283
1,150
-
678
1,828
2022
2023
124,200
129,480
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For the year ended 31 March 2023
Swinton Carpets Ltd
Notes to the Financial Statements Continued
5. Trade and other receivables |
2022
2023
3,567
2,561
9,125
25,444
28,005
12,692
6. Trade and other payables: amounts falling due within one year |
2022
2023
10,000
-
157,115
128,707
Taxation and social security |
9,204
3,239
41,235
46,764
217,554
178,710
7. Trade and other payables: amounts falling due after more than one year |
2022
2023
21,667
41,667
8. Average number of persons employed |
During the year the average number of employees was 0 (2022 : 6)
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