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REGISTERED NUMBER: 03090172 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

SWALE SHUTTER AND DOOR SERVICES LIMITED

SWALE SHUTTER AND DOOR SERVICES LIMITED (REGISTERED NUMBER: 03090172)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SWALE SHUTTER AND DOOR SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTOR: C Rose





SECRETARY: Mrs C A Pengelly





REGISTERED OFFICE: Unit 5 & 6
Tomas Seth Business Park
Argent Road
Queenborough
Kent
ME11 5TS





REGISTERED NUMBER: 03090172 (England and Wales)





ACCOUNTANTS: George & Co.
Chartered Accountants
44a Joy Lane
Whitstable
Kent
CT5 4LT

SWALE SHUTTER AND DOOR SERVICES LIMITED (REGISTERED NUMBER: 03090172)

BALANCE SHEET
30 SEPTEMBER 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 83,204 73,130

CURRENT ASSETS
Stocks 10,990 14,164
Debtors 5 240,572 175,650
Cash at bank and in hand 295,805 314,699
547,367 504,513
CREDITORS
Amounts falling due within one year 6 133,228 108,202
NET CURRENT ASSETS 414,139 396,311
TOTAL ASSETS LESS CURRENT
LIABILITIES

497,343

469,441

PROVISIONS FOR LIABILITIES 11,217 9,010
NET ASSETS 486,126 460,431

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 8 486,124 460,429
SHAREHOLDERS' FUNDS 486,126 460,431

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 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.

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 director and authorised for issue on 7 February 2024 and were signed by:



C Rose - Director


SWALE SHUTTER AND DOOR SERVICES LIMITED (REGISTERED NUMBER: 03090172)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1. STATUTORY INFORMATION

Swale Shutter and Door Services 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, 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 etc - 25% on reducing balance

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

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.

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 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

SWALE SHUTTER AND DOOR SERVICES LIMITED (REGISTERED NUMBER: 03090172)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2022 150,592
Additions 49,128
Disposals (35,782 )
At 30 September 2023 163,938
DEPRECIATION
At 1 October 2022 77,462
Charge for year 27,733
Eliminated on disposal (24,461 )
At 30 September 2023 80,734
NET BOOK VALUE
At 30 September 2023 83,204
At 30 September 2022 73,130

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 226,740 167,832
Other debtors 13,832 7,818
240,572 175,650

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade creditors 94,677 67,673
Taxation and social security 22,966 34,535
Other creditors 15,585 5,994
133,228 108,202

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.9.23 30.9.22
£    £   
Within one year 20,800 20,800
Between one and five years 36,400 57,200
57,200 78,000

SWALE SHUTTER AND DOOR SERVICES LIMITED (REGISTERED NUMBER: 03090172)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

7. LEASING AGREEMENTS - continued

The company entered into a five year full tenant repairing lease from 21st June 2021 on units 5 & 6 Tomas Seth Business Park, Argent Road, Queenborough at an agreed annual rent of £20,800 per annum.

8. RESERVES
Retained
earnings
£   

At 1 October 2022 460,429
Profit for the year 45,695
Dividends (20,000 )
At 30 September 2023 486,124

9. DIRECTOR'S 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
£    £   
C Rose
Balance outstanding at start of year - -
Amounts advanced 19,282 -
Amounts repaid (10,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,282 -

The balance outstanding was repaid in full on 2nd February 2024.