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REGISTERED NUMBER: 06015296 (England and Wales)















S & W DESIGN & BUILD LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023






S & W DESIGN & BUILD LIMITED (REGISTERED NUMBER: 06015296)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 4


S & W DESIGN & BUILD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: R Whyles
Mrs D L Nunn





SECRETARY: Mrs D L Nunn





REGISTERED OFFICE: S & W House
Longhill Road
March
Cambridgeshire
PE15 0BL





REGISTERED NUMBER: 06015296 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
4 Henley Way
Doddington Road
Lincoln
Lincolnshire
LN6 3QR

S & W DESIGN & BUILD LIMITED (REGISTERED NUMBER: 06015296)

STATEMENT OF FINANCIAL POSITION
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 84,764 99,500

CURRENT ASSETS
Stocks 40,885 17,092
Debtors 5 913,549 504,180
Cash at bank and in hand 752,417 332,526
1,706,851 853,798
CREDITORS
Amounts falling due within one year 6 664,656 365,981
NET CURRENT ASSETS 1,042,195 487,817
TOTAL ASSETS LESS CURRENT LIABILITIES 1,126,959 587,317

PROVISIONS FOR LIABILITIES 9,080 16,254
NET ASSETS 1,117,879 571,063

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 1,117,779 570,963
SHAREHOLDERS' FUNDS 1,117,879 571,063

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 November 2023 and were signed on its behalf by:





Mrs D L Nunn - Director


S & W DESIGN & BUILD LIMITED (REGISTERED NUMBER: 06015296)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. STATUTORY INFORMATION

S & W Design & Build Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Turnover represents amounts charged to customers for goods and services provided during the year, excluding value added tax and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the income statement in the period to which they relate.

Work in progress
Services provided to clients during the year, which at the balance sheet date have not been billed to clients, have been recognised as turnover in accordance with the Financial Reporting Standard 5 'Reporting the substance of transactions : Application Note G Revenue Recognition'. Turnover recognised in this manner is based on an assessment of the fair value of the services provided at the balance sheet date as a proportion of the total value of the engagement. Provision is made against unbilled amounts on those engagements where the right to receive payment is contingent on factors outside the control of the company. Unbilled revenue is included in debtors.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

S & W DESIGN & BUILD LIMITED (REGISTERED NUMBER: 06015296)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022 365,688
Additions 13,520
At 28 February 2023 379,208
DEPRECIATION
At 1 March 2022 266,188
Charge for year 28,256
At 28 February 2023 294,444
NET BOOK VALUE
At 28 February 2023 84,764
At 28 February 2022 99,500

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 711,279 287,027
Other debtors 202,270 217,153
913,549 504,180

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 203,308 162,873
Taxation and social security 392,404 119,409
Other creditors 68,944 83,699
664,656 365,981

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

8. CONTINGENT LIABILITIES

S & W Design & Build Limited and its parent company are part of a group for arranging borrowing requirements.

The group companies are subject to cross guarantee arrangements and as such S & W Design & Build Limited has guaranteed the charges for S & W Design & Build (Group) Limited in relation to the properties owned by S & W Design & Build (Group) Limited.