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REGISTERED NUMBER: 09319321 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

SW Interior Linings Ltd

SW Interior Linings Ltd (Registered number: 09319321)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

SW Interior Linings Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: S Whitmore





REGISTERED OFFICE: Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD





REGISTERED NUMBER: 09319321 (England and Wales)





ACCOUNTANTS: Tomkinson Teal Limited
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD

SW Interior Linings Ltd (Registered number: 09319321)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,618 2,544

CURRENT ASSETS
Stocks 137,450 63,500
Debtors 5 291,239 230,536
Cash at bank 47,546 29,030
476,235 323,066
CREDITORS
Amounts falling due within one year 6 (405,553 ) (255,611 )
NET CURRENT ASSETS 70,682 67,455
TOTAL ASSETS LESS CURRENT
LIABILITIES

72,300

69,999

CREDITORS
Amounts falling due after more than one
year

7

(13,161

)

(17,996

)
NET ASSETS 59,139 52,003

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 59,039 51,903
SHAREHOLDERS' FUNDS 59,139 52,003

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

SW Interior Linings Ltd (Registered number: 09319321)

Balance Sheet - continued
31 December 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 February 2024 and were signed by:





S Whitmore - Director


SW Interior Linings Ltd (Registered number: 09319321)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

SW Interior Linings 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.

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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

SW Interior Linings Ltd (Registered number: 09319321)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 5,626 6,500 1,095 13,221
Disposals - (6,500 ) - (6,500 )
At 31 December 2023 5,626 - 1,095 6,721
DEPRECIATION
At 1 January 2023 3,728 5,854 1,095 10,677
Charge for year 280 - - 280
Eliminated on disposal - (5,854 ) - (5,854 )
At 31 December 2023 4,008 - 1,095 5,103
NET BOOK VALUE
At 31 December 2023 1,618 - - 1,618
At 31 December 2022 1,898 646 - 2,544

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 148,292 197,257
Other debtors 142,947 33,279
291,239 230,536

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 4,835 4,512
Trade creditors 292,024 197,192
Taxation and social security 67,107 36,677
Other creditors 41,587 17,230
405,553 255,611

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 13,161 17,996

SW Interior Linings Ltd (Registered number: 09319321)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 8,333 -
Between one and five years 13,194 -
21,527 -

9. CALLED UP SHARE CAPITAL

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

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
S Whitmore
Balance outstanding at start of year 22,125 (324 )
Amounts advanced 237,949 172,931
Amounts repaid (143,128 ) (150,482 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 116,946 22,125

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
SW Interior Linings Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of SW Interior Linings Ltd for the year ended 31 December 2023 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of SW Interior Linings Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of SW Interior Linings Ltd and state those matters that we have agreed to state to the director of SW Interior Linings Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SW Interior Linings Ltd and its director for our work or for this report.

It is your duty to ensure that SW Interior Linings Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of SW Interior Linings Ltd. You consider that SW Interior Linings Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of SW Interior Linings Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Tomkinson Teal Limited
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD


8 February 2024