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REGISTERED NUMBER: 05503703 (England and Wales)

















Unaudited Financial Statements

For The Year Ended 31 March 2018

for

SWJ Construction (Essex) Ltd

SWJ Construction (Essex) Ltd (Registered number: 05503703)

Contents of the Financial Statements
For The Year Ended 31 March 2018










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


SWJ Construction (Essex) Ltd

Company Information
For The Year Ended 31 March 2018







DIRECTORS: Mrs L Judd
Mr S W Judd



REGISTERED OFFICE: 10-12 Mulberry Green
Old Harlow
Essex
CM17 0ET



REGISTERED NUMBER: 05503703 (England and Wales)



ACCOUNTANTS: Giess Wallis Crisp LLP
10-12 Mulberry Green
Old Harlow
Essex
CM17 0ET



BANKERS: National Westminster Bank
12 The Rows
Harlow
Essex
CM20 1DA

SWJ Construction (Essex) Ltd (Registered number: 05503703)

Statement of Financial Position
31 March 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,393 18,875

CURRENT ASSETS
Stocks 10,212 13,040
Debtors 5 2,171 -
Cash at bank 25,769 32,572
38,152 45,612
CREDITORS
Amounts falling due within one year 6 11,644 16,944
NET CURRENT ASSETS 26,508 28,668
TOTAL ASSETS LESS CURRENT
LIABILITIES

40,901

47,543

CREDITORS
Amounts falling due after more than one
year

7

(1,944

)

(4,777

)

PROVISIONS FOR LIABILITIES 9 (2,735 ) (4,287 )
NET ASSETS 36,222 38,479

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 36,220 38,477
SHAREHOLDERS' FUNDS 36,222 38,479

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.

SWJ Construction (Essex) Ltd (Registered number: 05503703)

Statement of Financial Position - continued
31 March 2018


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 22 October 2018 and were signed on its behalf by:




Mrs L Judd - Director



Mr S W Judd - Director


SWJ Construction (Essex) Ltd (Registered number: 05503703)

Notes to the Financial Statements
For The Year Ended 31 March 2018


1. STATUTORY INFORMATION

SWJ Construction (Essex) Ltd 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.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements,
estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from
other sources. The estimates and associated assumptions based on historical experience and other factors that
are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects only that
period, or in the period of the revision and future periods where the revision affects both current and future
periods.

There are no estimates and assumptions which have had a significant risk of causing a material adjustment to
the carrying amount of assets and liabilities

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in
bringing stocks to their present location and condition.

SWJ Construction (Essex) Ltd (Registered number: 05503703)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2018


2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11:'Basic Financial Instruments' and Section 12
'Other Financial Instruments Issues ' of FRS 102 to all of its financial instruments

The company only enters into basic financial instruments that result in the recognition of financial assets and
liabilities such as trade debtors and creditors.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when
there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis
or to realise the asset and settle the liability simultaneously.

Debtors
Short terms debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by current accounts, cash in hand and deposits with financial institutions repayable without
penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no
more than three months from the date of acquisition and that are readily convertible to known amounts of cash
with insignificant risk of change in value.

Creditors
Short term creditors are measured at the transaction price.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
statement of financial position 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those
held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance
leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element
of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - NIL ) .

SWJ Construction (Essex) Ltd (Registered number: 05503703)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2018


4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2017 652 20,150 1,137 21,939
Additions - - 375 375
At 31 March 2018 652 20,150 1,512 22,314
DEPRECIATION
At 1 April 2017 69 2,519 476 3,064
Charge for year 145 4,408 304 4,857
At 31 March 2018 214 6,927 780 7,921
NET BOOK VALUE
At 31 March 2018 438 13,223 732 14,393
At 31 March 2017 583 17,631 661 18,875

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2017
and 31 March 2018 20,150
DEPRECIATION
At 1 April 2017 2,519
Charge for year 4,408
At 31 March 2018 6,927
NET BOOK VALUE
At 31 March 2018 13,223
At 31 March 2017 17,631

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
VAT 2,171 -

SWJ Construction (Essex) Ltd (Registered number: 05503703)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2018


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Hire purchase contracts 3,333 3,834
Trade creditors 486 94
Tax 5,319 9,349
Social security and other taxes 2 512
VAT - 950
Other creditors - 8
Directors' current accounts 633 762
Accrued expenses 1,871 1,435
11,644 16,944

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2018 2017
£    £   
Hire purchase contracts 1,944 4,777

8. SECURED DEBTS

The following secured debts are included within creditors:

2018 2017
£    £   
Hire purchase contracts 5,277 8,611

Hire purchase liabilities are secured on the asset concerned.

9. PROVISIONS FOR LIABILITIES
2018 2017
£    £   
Deferred tax 2,735 4,287

Deferred
tax
£   
Balance at 1 April 2017 4,287
Credit to Income Statement during year (1,552 )
Balance at 31 March 2018 2,735

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2018 2017
value: £    £   
2 Ordinary £1 2 2