IRIS Accounts Production v26.1.10.61 06854058 Board of Directors 1.4.25 31.3.26 31.3.26 false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 06854058 2025-03-31 06854058 2026-03-31 06854058 2025-04-01 2026-03-31 06854058 2024-03-31 06854058 2024-04-01 2025-03-31 06854058 2025-03-31 06854058 ns15:EnglandWales 2025-04-01 2026-03-31 06854058 ns14:PoundSterling 2025-04-01 2026-03-31 06854058 ns10:Director1 2025-04-01 2026-03-31 06854058 ns10:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 06854058 ns10:SmallEntities 2025-04-01 2026-03-31 06854058 ns10:AuditExempt-NoAccountantsReport 2025-04-01 2026-03-31 06854058 ns10:SmallCompaniesRegimeForDirectorsReport 2025-04-01 2026-03-31 06854058 ns10:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 06854058 ns10:FullAccounts 2025-04-01 2026-03-31 06854058 ns10:Director2 2025-04-01 2026-03-31 06854058 ns10:RegisteredOffice 2025-04-01 2026-03-31 06854058 ns5:CurrentFinancialInstruments 2026-03-31 06854058 ns5:CurrentFinancialInstruments 2025-03-31 06854058 ns5:Non-currentFinancialInstruments 2026-03-31 06854058 ns5:Non-currentFinancialInstruments 2025-03-31 06854058 ns5:ShareCapital 2026-03-31 06854058 ns5:ShareCapital 2025-03-31 06854058 ns5:RetainedEarningsAccumulatedLosses 2026-03-31 06854058 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 06854058 ns5:FurnitureFittings 2025-04-01 2026-03-31 06854058 ns5:FurnitureFittings 2025-03-31 06854058 ns5:FurnitureFittings 2026-03-31 06854058 ns5:FurnitureFittings 2025-03-31 06854058 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2026-03-31 06854058 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-31 06854058 ns5:Secured 2026-03-31 06854058 ns5:Secured 2025-03-31

REGISTERED NUMBER: 06854058 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

SWAN WOOL EUROPE LIMITED

| SWAN WOOL EUROPE LIMITED (REGISTERED NUMBER: 06854058) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| SWAN WOOL EUROPE LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2026

| DIRECTORS: | Andrew Price

| Paul Anthony Foley

| REGISTERED OFFICE: | 17A Victoria Mews

| Mill Field Road

| Cottingley Business Park

| Bingley

| West Yorkshire

| BD16 1PY

| REGISTERED NUMBER: | 06854058 (England and Wales)

| ACCOUNTANTS: | Walter Dawson & Son

| Chartered Accountants

| 1 Valley Court

| Canal Road

| Bradford

| West Yorkshire

| BD1 4SP

| SWAN WOOL EUROPE LIMITED (REGISTERED NUMBER: 06854058) |

BALANCE SHEET

31 MARCH 2026

| 2026 | 2025 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 593 |  | 791 |  |

CURRENT ASSETS

Stocks | 380,772 |  | 501,948 |  |

Debtors | 5 | 673,083 |  | 238,557 |  |

Cash at bank | 68,754 |  | 111,540 |  |

1,122,609 |  | 852,045 |  |

CREDITORS

Amounts falling due within one year | 6 | 684,688 |  | 454,126 |  |

NET CURRENT ASSETS | 437,921 |  | 397,919 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 438,514 |  | 398,710 |  |

CREDITORS

Amounts falling due after more than one year | 7 | - |  | (5,285 | ) |

PROVISIONS FOR LIABILITIES | (148 | ) | (198 | ) |

NET ASSETS | 438,366 |  | 393,227 |  |

CAPITAL AND RESERVES

Called up share capital | 150 |  | 150 |  |

Profit and loss account | 438,216 |  | 393,077 |  |

438,366 |  | 393,227 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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.

| SWAN WOOL EUROPE LIMITED (REGISTERED NUMBER: 06854058) |

BALANCE SHEET - continued

31 MARCH 2026

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 June 2026 and were signed on its behalf by:

Andrew Price - Director

| SWAN WOOL EUROPE LIMITED (REGISTERED NUMBER: 06854058) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

1. | STATUTORY INFORMATION

| Swan Wool Europe 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Tangible fixed assets

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

| Fixtures and fittings | - | 25% on reducing balance

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| SWAN WOOL EUROPE LIMITED (REGISTERED NUMBER: 06854058) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2026

2. | ACCOUNTING POLICIES - continued

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

| Income recognition

| Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

| Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

| Leasing

| Rentals payable under operating leases are charged to the profit and loss account on a straight line basis over the period of the leases. The benefits of lease incentives are recognised in the profit and loss account over the lease period on a straight line basis.

| Finance cost of debt

| The finance costs of debt, including interest and issue costs, are allocated to each period over the term of the debt and charged to the profit and loss account at a constant rate on the outstanding amount.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 4 (2025 - 4 ) .

4. | TANGIBLE FIXED ASSETS

| Fixtures

| and

| fittings

£ |

| COST

| At 1 April 2025

| and 31 March 2026 | 7,200 |  |

| DEPRECIATION

| At 1 April 2025 | 6,409 |  |

| Charge for year | 198 |  |

| At 31 March 2026 | 6,607 |  |

| NET BOOK VALUE

| At 31 March 2026 | 593 |  |

| At 31 March 2025 | 791 |  |

| SWAN WOOL EUROPE LIMITED (REGISTERED NUMBER: 06854058) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2026

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2026 | 2025 |

£ | £ |

| Trade debtors | 640,274 |  | 218,632 |  |

| Amounts owed by associates | 30,000 |  | - |  |

| Other debtors | 2,809 |  | 19,925 |  |

673,083 |  | 238,557 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2026 | 2025 |

£ | £ |

| Bank loans | 5,285 |  | 71,057 |  |

| Trade creditors | 498,609 |  | 287,839 |  |

| Amounts owed to associates | 155,716 |  | 68,181 |  |

| Taxation and social security | 18,877 |  | 17,237 |  |

| Other creditors | 6,201 |  | 9,812 |  |

684,688 |  | 454,126 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2026 | 2025 |

£ | £ |

| Bank loans | - |  | 5,285 |  |

8. | LEASING AGREEMENTS

| At the balance sheet date,there were non-cancellable operating leases totalling £8,500 (2025 £10,200).

9. | SECURED DEBTS

| The following secured debts are included within creditors:

2026 | 2025 |

£ | £ |

| Bank loans | 5,285 |  | 76,342 |  |

| Included within creditors is a bounce back loan amounting to £5,285(2025:£76,342) this is unsecured but backed by the government.

10. | RELATED PARTY DISCLOSURES

| Included in debtors due within one year is an interest free loan of £30,000 (2025:Nil) due by companies in which the directors have an interest. Incuded in creditors due within one year is an interest free loan of £155,716 (2025:£68,181) due to companies in which the directors have an interest.

| SWAN WOOL EUROPE LIMITED (REGISTERED NUMBER: 06854058) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2026

11. | PENSION COSTS

| The assets of the pension scheme are held separately from those of the company in an independently administered fund. The pension cost represents contributions payable by the company to the fund and amounted to( £18,904) (2025:£11,071). Contributions totalling £277 (2025:£207) were payable at the year end and are included in creditors