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
SW Electrics (NI) Limited
Company Information
for the year ended 30 June 2023
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
SW Electrics (NI) Limited
Statement of financial position
as at 30 June 2023
Tangible assets
19,045
18,806
Cash at bank and in hand
53,593
36,207
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)
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
SW Electrics (NI) Limited
Notes to the Accounts
for the year ended 30 June 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
SW Electrics (NI) Limited
Notes to the Accounts
for the year ended 30 June 2023
Amounts falling due within one year
Amounts falling due after more than one year
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
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).