4 31/01/2024 2024-01-31 false false false false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2023-02-01 Sage Accounts Production 21.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 03893934 2023-02-01 2024-01-31 03893934 2024-01-31 03893934 2023-01-31 03893934 2022-02-01 2023-01-31 03893934 2023-01-31 03893934 core:FurnitureFittingsToolsEquipment 2023-02-01 2024-01-31 03893934 bus:RegisteredOffice 2023-02-01 2024-01-31 03893934 bus:Director1 2023-02-01 2024-01-31 03893934 bus:CompanySecretary1 2023-02-01 2024-01-31 03893934 core:NetGoodwill 2024-01-31 03893934 core:FurnitureFittingsToolsEquipment 2023-01-31 03893934 core:FurnitureFittingsToolsEquipment 2024-01-31 03893934 core:WithinOneYear 2024-01-31 03893934 core:WithinOneYear 2023-01-31 03893934 core:ShareCapital 2024-01-31 03893934 core:ShareCapital 2023-01-31 03893934 core:RetainedEarningsAccumulatedLosses 2024-01-31 03893934 core:RetainedEarningsAccumulatedLosses 2023-01-31 03893934 core:NetGoodwill 2023-01-31 03893934 core:FurnitureFittingsToolsEquipment 2023-01-31 03893934 bus:SmallEntities 2023-02-01 2024-01-31 03893934 bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 03893934 bus:FullAccounts 2023-02-01 2024-01-31 03893934 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 03893934 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31
Company registration number: 03893934
J W SWALES & CO LIMITED
Unaudited filleted financial statements
31 January 2024
J W SWALES & CO LIMITED
Directors and other information
Director J W Swales
Secretary A C Swales
Company number 03893934
Registered office The Grange
Yatton Keynell
Chippenham
Wiltshire
J W SWALES & CO LIMITED
Statement of financial position
31 January 2024
2024 2023
Note £ £ £ £
Fixed assets
Intangible assets 5 - -
Tangible assets 6 4,909 6,330
_______ _______
4,909 6,330
Current assets
Stocks 3,100 10,700
Debtors 7 39,515 48,952
Cash at bank and in hand 116,648 139,470
_______ _______
159,263 199,122
Creditors: amounts falling due
within one year 8 ( 80,597) ( 134,804)
_______ _______
Net current assets 78,666 64,318
_______ _______
Total assets less current liabilities 83,575 70,648
Provisions for liabilities ( 933) ( 1,203)
_______ _______
Net assets 82,642 69,445
_______ _______
Capital and reserves
Called up share capital 104 104
Profit and loss account 82,538 69,341
_______ _______
Shareholders funds 82,642 69,445
_______ _______
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 11 March 2024 , and are signed on behalf of the board by:
J W Swales
Director
Company registration number: 03893934
J W SWALES & CO LIMITED
Notes to the financial statements
Year ended 31 January 2024
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is J W Swales & Co Limited, The Grange, Yatton Keynell, Chippenham, Wiltshire.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 33.33 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 4 (2023: 4 ).
5. Intangible assets
Goodwill Total
£ £
Cost
At 1 February 2023 and 31 January 2024 100,841 100,841
_______ _______
Amortisation
At 1 February 2023 and 31 January 2024 100,841 100,841
_______ _______
Carrying amount
At 31 January 2024 - -
_______ _______
At 31 January 2023 - -
_______ _______
6. Tangible assets
Fixtures, fittings and equipment Total
£ £
Cost
At 1 February 2023 41,726 41,726
Additions 2,409 2,409
_______ _______
At 31 January 2024 44,135 44,135
_______ _______
Depreciation
At 1 February 2023 35,396 35,396
Charge for the year 3,830 3,830
_______ _______
At 31 January 2024 39,226 39,226
_______ _______
Carrying amount
At 31 January 2024 4,909 4,909
_______ _______
At 31 January 2023 6,330 6,330
_______ _______
7. Debtors
2024 2023
£ £
Trade debtors 37,267 45,058
Other debtors 2,248 3,894
_______ _______
39,515 48,952
_______ _______
8. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 2,791 13,623
Taxes 28,064 41,024
Other creditors 49,742 80,157
_______ _______
80,597 134,804
_______ _______