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REGISTERED NUMBER: 02850937 (England and Wales)








Unaudited Financial Statements

For The Year Ended 30 September 2023

for

S W Hygiene Limited

S W Hygiene Limited (Registered number: 02850937)






Contents of the Financial Statements
For The Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


S W Hygiene Limited

Company Information
For The Year Ended 30 September 2023







DIRECTORS: B Sampson
Mrs M Sampson
J P Davies
J K Ritchie





REGISTERED OFFICE: 9 Miller Business Park
Station Road
Liskeard
Cornwall
PL14 4DA





REGISTERED NUMBER: 02850937 (England and Wales)





ACCOUNTANTS: Bromhead
Harscombe House
1 Darklake View
Plymouth
Devon
PL6 7TL

S W Hygiene Limited (Registered number: 02850937)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 20,027 40,053
Tangible assets 5 1,003,862 780,254
1,023,889 820,307

CURRENT ASSETS
Stocks 36,944 51,941
Debtors 6 497,476 572,128
Cash at bank and in hand 1,054,809 994,269
1,589,229 1,618,338
CREDITORS
Amounts falling due within one year 7 974,727 1,077,897
NET CURRENT ASSETS 614,502 540,441
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,638,391

1,360,748

CREDITORS
Amounts falling due after more than one
year

8

(15,388

)

(19,833

)

PROVISIONS FOR LIABILITIES (209,859 ) (129,273 )
NET ASSETS 1,413,144 1,211,642

CAPITAL AND RESERVES
Called up share capital 202 202
Capital redemption reserve 1 1
Retained earnings 1,412,941 1,211,439
1,413,144 1,211,642

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

S W Hygiene Limited (Registered number: 02850937)

Balance Sheet - continued
30 September 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 April 2024 and were signed on its behalf by:




J P Davies - Director



Mrs M Sampson - Director


S W Hygiene Limited (Registered number: 02850937)

Notes to the Financial Statements
For The Year Ended 30 September 2023

1. STATUTORY INFORMATION

S W Hygiene 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.

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, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 5 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment
losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their
estimated residual value, over their expected useful lives on the following bases:

Freehold no depreciation charged
Plant and Machinery 6.66% - 20% per annum, straight line
Motor Vehicles 25% per annum, straight line
Fixtures and Fittings 20% per annum, straight line
Computer Equipment 33.33% per annum, straight line

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

S W Hygiene Limited (Registered number: 02850937)

Notes to the Financial Statements - continued
For The Year Ended 30 September 2023

2. ACCOUNTING POLICIES - continued

Pension
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in profit and loss account when due.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 53 (2022 - 52 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2022
and 30 September 2023 138,277
AMORTISATION
At 1 October 2022 98,224
Charge for year 20,026
At 30 September 2023 118,250
NET BOOK VALUE
At 30 September 2023 20,027
At 30 September 2022 40,053

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2022 155,018 2,093,284 2,248,302
Additions 4,607 463,144 467,751
Disposals - (111,523 ) (111,523 )
At 30 September 2023 159,625 2,444,905 2,604,530
DEPRECIATION
At 1 October 2022 - 1,468,048 1,468,048
Charge for year - 234,476 234,476
Eliminated on disposal - (101,856 ) (101,856 )
At 30 September 2023 - 1,600,668 1,600,668
NET BOOK VALUE
At 30 September 2023 159,625 844,237 1,003,862
At 30 September 2022 155,018 625,236 780,254

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 356,273 412,381
Other debtors 141,203 159,747
497,476 572,128

S W Hygiene Limited (Registered number: 02850937)

Notes to the Financial Statements - continued
For The Year Ended 30 September 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Hire purchase contracts (see note 9) 4,446 4,446
Trade creditors 156,494 140,754
Taxation and social security 242,605 291,397
Other creditors 571,182 641,300
974,727 1,077,897

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.23 30.9.22
£    £   
Hire purchase contracts (see note 9) 15,388 19,833

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
30.9.23 30.9.22
£    £   
Net obligations repayable:
Within one year 4,446 4,446
Between one and five years 15,388 19,833
19,834 24,279

Non-cancellable operating leases
30.9.23 30.9.22
£    £   
Within one year 62,581 48,843
Between one and five years 32,648 45,891
95,229 94,734

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2023 and 30 September 2022:

30.9.23 30.9.22
£    £   
Mrs M Sampson
Balance outstanding at start of year 42,841 71,037
Amounts advanced 97,739 85,804
Amounts repaid (108,440 ) (114,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 32,140 42,841

The loan is repayable on demand and interest is charged.

S W Hygiene Limited (Registered number: 02850937)

Notes to the Financial Statements - continued
For The Year Ended 30 September 2023

11. RELATED PARTY DISCLOSURES

The company occupies a property owned personally by Brian and Margaret Sampson. A commercial rent of £30,564 (2022 - £30,564) was paid by the company to Mr and Mrs Sampson for the year.

James Ritchie provides computer consultancy, supplies and equipment to the company. During the year, the value of such supplies was £15,495 (2022 - £28,030)