REGISTERED NUMBER: 04767563 (England and Wales)

A & J Swithinbank Limited

Unaudited Financial Statements for the Year Ended 31 March 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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

3

144

692

CURRENT ASSETS

Debtors

4

13,103

7,871

Cash at bank

12,729

36,154

25,832

44,025

CREDITORS

Amounts falling due within one year

5

20,822

44,205

NET CURRENT ASSETS/(LIABILITIES)

5,010

(180

)

TOTAL ASSETS LESS CURRENT LIABILITIES

5,154

512

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

5,054

412

SHAREHOLDERS' FUNDS

5,154

512

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 20 November 2017 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.	TANGIBLE FIXED ASSETS

Greenhouse,

Computer

walls &

& photographic

patio

equipment

Totals

£

£

£

COST

At 1 April 2016

and 31 March 2017

3,392

14,732

18,124

DEPRECIATION

At 1 April 2016

3,392

14,040

17,432

Charge for year

-

548

548

At 31 March 2017

3,392

14,588

17,980

NET BOOK VALUE

At 31 March 2017

-

144

144

At 31 March 2016

-

692

692

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade debtors

7,474

-

Accrued income

5,629

7,871

13,103

7,871

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade creditors

-

254

Corporation tax

5,298

7,431

VAT

3,849

2,517

Directors' loan accounts

9,043

32,403

Accrued expenses

2,632

1,600

20,822

44,205

6.	RELATED PARTY DISCLOSURES

During the year, total dividends of £16,000 (2016 - £32,000) were paid to the directors .

As at the balance sheet date the company owed the directors £9,043 (2016: £32,403). The amount is unsecured and not

subject to any specific repayment terms. Interest has been accrued at 3% per annum totalling £1,032 (2016: nil).

7.	EMPLOYEES AND DIRECTORS

There were no employees in the period as defined by Section 411 of the Companies House Act 2006.

8.	FIRST YEAR ADOPTION

There were no adjustments to report on transition from UK GAAP to FRS 102 Section 1A.