Schwaben Nails Limited

Schwaben Nails Limited

Ulm

Befreiender Jahresabschluss zum Geschäftsjahr vom 09.12.2020 bis zum 31.12.2021

Schwaben Nails Limited

Dublin/Irland

Unaudited Abridged Financial Statements for the period 09/12/2020 (date of incorporation) to 31/12/2021

Company Registration Number 684690

Contents

Company Information

Statement of directors' responsibilities

Balance Sheet

Notes to the Abridged Financial Statements

Statement of directors' responsibilities

These abridged financial statements have been extracted, pursuant to section 353 of the Companies Act 2014. from the statutory financial statement prepared under section 290 of the Act. The following is the directors Responsibilities Statement accompanying those financial statements.

The directors are responsible for preparing the Directors report and the financial statements in accordance with applicable Irish law and regulations.

Irish company law requires the directors to prepare financial statements for each financial year. Under the law, the directors have elected to prepare the financial statements in accordance with the Companies Act 2014 and FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" issued by the Financial Reporting Council, and promulgated by the Institute of Chartered Accountants in Ireland. Under company law, the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the assets, liabilities and financial position of the company as at the financial period end date, and of the profit or loss of the company for the financial period, and otherwise comply with the Companies Act 2014.

In preparing these financial statements, the directors are required to:

The directors are responsible for ensuring that the company keeps or causes to be kept adequate accounting records that correctly explain and record the transactions of the company, enable at any time the assets, liabilities, financial position and profit or loss of the company to be determined with reasonable accuracy, and enable them to ensure that the financial statements and Directors report comply with the Companies Act 2014. They are also responsible for safeguarding the assets of the company, and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the board on 07/07/2021 and signed on its behalf by:

I/We, as director(s) of (company name), state that:

Approved by the board on 07/07/2021 and signed on its behalf by:

The notes on pages 7 to 8 form part of these financial statements.

Company Registration Number 684690

2 Fixed assets

3 Share capital

Notes to the Abridged Financial Statements

1 Summary of significant accounting policies

(a) General information and basis of preparation

SCHWABEN NAILS Limited is a company limited by shares incorporated in the Republic of Ireland. The address of the registered office is given in the company information on page 3 of these financial statements.

The financial statements are presented in Euro which is the functional currency of the company and rounded to the nearest €.

All members have consented to the abridgements of these financial statements.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

These financial statements have been prepared in accordance with the Companies Act 2014 and FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" issued by the Financial Reporting Council, and promulgated by the Institute of Chartered Accountants in Ireland.

The company transitioned to FRS102 Section 1A on 1 January 2015. There has been no effect on the accounting policies, opening equity and profit and loss for the comparative period.

(b) Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows: