REGISTERED NUMBER: 04767563 (England and Wales)

A & J Swithinbank Limited

Unaudited Financial Statements for the Year Ended 31 March 2018

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J Swithinbank

A F Swithinbank

SECRETARY:

J Swithinbank

REGISTERED OFFICE:

The White House

2 Meadrow

Godalming

Surrey

GU7 3HN

BUSINESS ADDRESS:

Hollyridge

Shells Lane

Colyford

Devon

EX24 6QE

REGISTERED NUMBER:

04767563 (England and Wales)

ACCOUNTANTS:

Hughes Waddell

The White House

2 Meadrow

Godalming

Surrey

GU7 3HN

FIXED ASSETS

Tangible assets

4

-

144

CURRENT ASSETS

Debtors

5

7,491

13,103

Cash at bank

44,569

12,729

52,060

25,832

CREDITORS

Amounts falling due within one year

6

44,562

20,822

NET CURRENT ASSETS

7,498

5,010

TOTAL ASSETS LESS CURRENT LIABILITIES

7,498

5,154

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

7,398

5,054

SHAREHOLDERS' FUNDS

7,498

5,154

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps 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 Sections 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 17 December 2018 and were signed on its behalf by:

A F Swithinbank - Director

J Swithinbank - Director

1.	STATUTORY INFORMATION

A & J Swithinbank Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" 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 cost convention.

Turnover

Turnover represents fees receivable for the period net of value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Greenhouse, walls & patio

-

20% on cost

Computer & photographic equipment

-

20% on cost

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.

Current or deferred taxation assets and liabilities are not discounted.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - NIL).

4.	TANGIBLE FIXED ASSETS

Greenhouse,

Computer

walls &

& photographic

patio

equipment

Totals

£

£

£

COST

At 1 April 2017

and 31 March 2018

3,392

14,732

18,124

DEPRECIATION

At 1 April 2017

3,392

14,588

17,980

Charge for year

-

144

144

At 31 March 2018

3,392

14,732

18,124

NET BOOK VALUE

At 31 March 2018

-

-

-

At 31 March 2017

-

144

144

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade debtors

54

7,474

Other debtors

7,437

5,629

7,491

13,103

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade creditors

293

-

Taxation and social security

7,056

9,147

Other creditors

37,213

11,675

44,562

20,822

7.	RELATED PARTY DISCLOSURES

As at the balance sheet date the company owed the directors £ 35,278 (2017: £9,043). The amount is unsecured

and not subject to any specific repayment terms. Interest has been accrued at 3% per annum totalling £635

(2017: 1,032).