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REGISTERED NUMBER: SC392592 (Scotland)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

SWES & ASHGROVE LIMITED

SWES & ASHGROVE LIMITED (REGISTERED NUMBER: SC392592)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SWES & ASHGROVE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: S J Wood
Mrs L Wood





SECRETARY:





REGISTERED OFFICE: 278-280 Clifton Road
Aberdeen
AB24 4HP





REGISTERED NUMBER: SC392592 (Scotland)





ACCOUNTANTS: Bon Accord Accountancy Limited
71 Charleston Road North
Cove
Aberdeen
Aberdeenshire
AB12 3SZ

SWES & ASHGROVE LIMITED (REGISTERED NUMBER: SC392592)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 179,150 179,628

CURRENT ASSETS
Debtors 5 151,376 86,279
Cash at bank and in hand 86,406 100,039
237,782 186,318
CREDITORS
Amounts falling due within one year 6 151,455 149,452
NET CURRENT ASSETS 86,327 36,866
TOTAL ASSETS LESS CURRENT
LIABILITIES

265,477

216,494

CREDITORS
Amounts falling due after more than one
year

7

(46,325

)

(58,310

)

PROVISIONS FOR LIABILITIES (11,825 ) (11,916 )
NET ASSETS 207,327 146,268

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 207,325 146,266
SHAREHOLDERS' FUNDS 207,327 146,268

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

SWES & ASHGROVE LIMITED (REGISTERED NUMBER: SC392592)

BALANCE SHEET - continued
31 MARCH 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 February 2024 and were signed on its behalf by:




S J Wood - Director



Mrs L Wood - Director


SWES & ASHGROVE LIMITED (REGISTERED NUMBER: SC392592)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

SWES & Ashgrove Limited is a private company, limited by shares , registered in Scotland. 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 - 33% on cost and 25% on reducing balance

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

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 profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 11 ) .

SWES & ASHGROVE LIMITED (REGISTERED NUMBER: SC392592)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 116,912 160,714 277,626
Additions - 17,072 17,072
At 31 March 2023 116,912 177,786 294,698
DEPRECIATION
At 1 April 2022 - 97,998 97,998
Charge for year - 17,550 17,550
At 31 March 2023 - 115,548 115,548
NET BOOK VALUE
At 31 March 2023 116,912 62,238 179,150
At 31 March 2022 116,912 62,716 179,628

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 92,911 76,686
Other debtors 58,465 9,593
151,376 86,279

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 7,830 7,433
Hire purchase contracts 20,960 16,712
Trade creditors 53,513 81,366
Taxation and social security 65,310 15,341
Other creditors 3,842 28,600
151,455 149,452

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Hire purchase contracts 34,217 38,291
Other creditors 12,108 20,019
46,325 58,310