1 July 2022 false No description of principal activity Taxfiler 2023.9 NI678524business:PrivateLimitedCompanyLtd2022-07-012023-06-30 NI6785242022-06-30 NI6785242022-07-012023-06-30 NI678524business:AuditExemptWithAccountantsReport2022-07-012023-06-30 NI678524business:FilletedAccounts2022-07-012023-06-30 NI6785242023-06-30 NI678524business:Director12022-07-012023-06-30 NI678524business:CompanySecretary12022-07-012023-06-30 NI678524business:RegisteredOffice2022-07-012023-06-30 NI6785242022-06-30 NI678524core:WithinOneYear2023-06-30 NI678524core:WithinOneYear2022-06-30 NI678524core:ShareCapitalcore:PreviouslyStatedAmount2023-06-30 NI678524core:ShareCapitalcore:PreviouslyStatedAmount2022-06-30 NI678524core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-06-30 NI678524core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-06-30 NI678524core:PreviouslyStatedAmount2023-06-30 NI678524core:PreviouslyStatedAmount2022-06-30 NI678524business:SmallEntities2022-07-012023-06-30 NI678524countries:NorthernIreland2022-07-012023-06-30 NI678524core:PlantMachinery2022-07-012023-06-30 NI678524core:PlantMachinery2022-06-30 NI678524core:PlantMachinery2023-06-30 NI678524core:AfterOneYear2023-06-30 NI678524core:AfterOneYear2022-06-30 NI6785242021-07-012022-06-30 iso4217:GBP xbrli:pure
Company Registration No. NI678524 (Northern Ireland)
SW Electrics (NI) Limited Unaudited accounts for the year ended 30 June 2023
SW Electrics (NI) Limited Unaudited accounts Contents
Page
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SW Electrics (NI) Limited Company Information for the year ended 30 June 2023
Director
Shane Woulahan
Secretary
Shane Woulahan
Company Number
NI678524 (Northern Ireland)
Registered Office
60 Gortnageeragh Road Ballymena Co Antrim BT43 7LL
Accountants
TAG Accountants (N.I.) Ltd 81a Galgorm Road Ballymena Co Antrim BT42 1AA
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SW Electrics (NI) Limited Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
19,045 
18,806 
Current assets
Inventories
2,500 
2,250 
Debtors
28,448 
6,707 
Cash at bank and in hand
53,593 
36,207 
84,541 
45,164 
Creditors: amounts falling due within one year
(36,485)
(28,586)
Net current assets
48,056 
16,578 
Total assets less current liabilities
67,101 
35,384 
Provisions for liabilities
Deferred tax
(3,619)
(3,573)
Net assets
63,482 
31,811 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
63,382 
31,711 
Shareholders' funds
63,482 
31,811 
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 2 October 2023 and were signed on its behalf by
Shane Woulahan Director Company Registration No. NI678524
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SW Electrics (NI) Limited Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
SW Electrics (NI) Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI678524. The registered office is 60 Gortnageeragh Road, Ballymena, Co Antrim, BT43 7LL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 July 2022
23,508 
Additions
5,000 
At 30 June 2023
28,508 
Depreciation
At 1 July 2022
4,702 
Charge for the year
4,761 
At 30 June 2023
9,463 
Net book value
At 30 June 2023
19,045 
At 30 June 2022
18,806 
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SW Electrics (NI) Limited Notes to the Accounts for the year ended 30 June 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
3,593 
- 
Trade debtors
15,090 
- 
Other debtors
9,765 
- 
28,448 
- 
Amounts falling due after more than one year
Trade debtors
- 
2,854 
Other debtors
- 
3,853 
- 
6,707 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
2,663 
4,543 
Trade creditors
17,997 
13,934 
Taxes and social security
13,979 
4,022 
Loans from directors
(554)
4,887 
Accruals
2,400 
1,200 
36,485 
28,586 
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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