Registered number
10289826
South West Sweepers Ltd
Filleted Accounts
31 December 2021
South West Sweepers Ltd
Registered number: 10289826
Balance Sheet
as at 31 December 2021
Notes 2021 2020
£ £
Fixed assets
Tangible assets 3 19,342 10,890
Current assets
Debtors 4 137,165 128,813
Cash at bank and in hand 106,999 38,513
244,164 167,326
Creditors: amounts falling due within one year 5 (111,735) (107,077)
Net current assets 132,429 60,249
Total assets less current liabilities 151,771 71,139
Creditors: amounts falling due after more than one year 6 (32,264) (63,459)
Provisions for liabilities (3,675) (2,069)
Net assets 115,832 5,611
Capital and reserves
Called up share capital 3 3
Profit and loss account 115,829 5,608
Shareholders' funds 115,832 5,611
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs Julie Wieczorek
Director
Approved by the board on 13 September 2022
South West Sweepers Ltd
Notes to the Accounts
for the year ended 31 December 2021
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% reducing balance
Fixtures, fittings, tools and equipment 20% reducing balance and straight line
Motor vehicles 20% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2021 2020
Number Number
Average number of persons employed by the company 9 6
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2021 21,035 - 21,035
Additions - 13,500 13,500
At 31 December 2021 21,035 13,500 34,535
Depreciation
At 1 January 2021 10,145 - 10,145
Charge for the year 2,348 2,700 5,048
At 31 December 2021 12,493 2,700 15,193
Net book value
At 31 December 2021 8,542 10,800 19,342
At 31 December 2020 10,890 - 10,890
4 Debtors 2021 2020
£ £
Trade debtors 118,885 121,613
Other debtors 18,280 7,200
137,165 128,813
5 Creditors: amounts falling due within one year 2021 2020
£ £
Bank loans and overdrafts 10,000 -
Trade creditors 43,925 38,771
Taxation and social security costs 55,038 65,609
Other creditors 2,772 2,697
111,735 107,077
6 Creditors: amounts falling due after one year 2021 2020
£ £
Bank loans 30,179 50,000
Other creditors 2,085 13,459
32,264 63,459
7 Related party transactions
At the period end the company owed £2,085 (2020: £13,459) to Mrs Julie Wieczorek, and was owed £6,980 by Mr Robert Wieczorek, directors. These loans are interest free and repayable after more than one year.
8 Controlling party
The company is ultimately controlled by Mrs Julie Wieczorek and Mr Robert John Wieczorek, directors, who together own 100% of the issued share capital.
9 Other information
South West Sweepers Ltd is a private company limited by shares and incorporated in England. Its registered office is:
The Yard St. Dennis Industrial Estate
St. Dennis
St. Austell
Cornwall
PL26 8DW
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