Company No:
Contents
DIRECTOR | N Golding |
REGISTERED OFFICE | Somerset Energy Innovation Centre |
Woodlands Business Park | |
Bristol Road | |
Bridgwater | |
Somerset TA6 4FJ | |
United Kingdom |
COMPANY NUMBER | 08356295 (England and Wales) |
CHARTERED ACCOUNTANTS | Albert Goodman LLP |
Goodwood House | |
Blackbrook Park Avenue | |
Taunton | |
Somerset | |
TA1 2PX |
Note | 2022 | 2021 | ||
£ | £ | |||
Fixed assets | ||||
Investments | 3 |
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0 | 99 | |||
Current assets | ||||
Debtors | 4 |
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Cash at bank and in hand |
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189,187 | 213,230 | |||
Creditors | ||||
Amounts falling due within one year | 5 | (
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Net current assets | 8,093 | 202,479 | ||
Total assets less current liabilities | 8,093 | 202,578 | ||
Net assets |
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Capital and reserves | ||||
Called-up share capital |
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Profit and loss account |
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Total shareholders' funds |
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Director's responsibilities:
The financial statements of SWMAS Group Limited (registered number:
N Golding
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
SWMAS Group Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Somerset Energy Innovation Centre, Woodlands Business Park, Bristol Road, Bridgwater, Somerset TA6 4FJ, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.
Government grants are recognised within other operating income based on the performance model and are measured at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received.
A grant that specifies performance conditions is recognised in income only when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the grant proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
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Monthly average number of persons employed by the Company during the year, including the director |
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Subsidiary undertakings |
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Investments in subsidiaries
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Cost | |
At 01 April 2021 |
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Disposals | (
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At 31 March 2022 |
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Carrying value at 31 March 2022 |
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Carrying value at 31 March 2021 |
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£ | £ | ||
Amounts owed by Group undertakings |
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Corporation tax |
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£ | £ | ||
Amounts owed to Group undertakings |
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Other creditors |
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Corporation tax |
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