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Company No: 14169382 (England and Wales)

SOUTH WEST SUPPLIES LTD

Unaudited Financial Statements
For the financial period from 13 June 2022 to 30 June 2023
Pages for filing with the registrar

SOUTH WEST SUPPLIES LTD

Unaudited Financial Statements

For the financial period from 13 June 2022 to 30 June 2023

Contents

SOUTH WEST SUPPLIES LTD

COMPANY INFORMATION

For the financial period from 13 June 2022 to 30 June 2023
SOUTH WEST SUPPLIES LTD

COMPANY INFORMATION (continued)

For the financial period from 13 June 2022 to 30 June 2023
DIRECTORS Mr P A Frost
Mr C D Pratt
SECRETARY Mr P A Frost
REGISTERED OFFICE 128 City Road
London
EC1V 2NX
United Kingdom
COMPANY NUMBER 14169382 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Blackbrook Gate 1
Blackbrook Business Park
Taunton
Somerset TA1 2PX
SOUTH WEST SUPPLIES LTD

BALANCE SHEET

As at 30 June 2023
SOUTH WEST SUPPLIES LTD

BALANCE SHEET (continued)

As at 30 June 2023
30.06.2023
£
Current assets
Debtors 3 1,225
Cash at bank and in hand 4,814
6,039
Creditors: amounts falling due within one year 4 ( 2,151)
Net current assets 3,888
Total assets less current liabilities 3,888
Net assets 3,888
Capital and reserves
Called-up share capital 5 2
Profit and loss account 3,886
Total shareholders' funds 3,888

For the financial period ending 30 June 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of South West Supplies Ltd (registered number: 14169382) were approved and authorised for issue by the Board of Directors on 13 March 2024. They were signed on its behalf by:

Mr C D Pratt
Director
SOUTH WEST SUPPLIES LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 13 June 2022 to 30 June 2023
SOUTH WEST SUPPLIES LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 13 June 2022 to 30 June 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

South West Supplies Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 128 City Road, London, EC1V 2NX, United Kingdom.

The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Reporting period length

The company was incorporated on 13 June 2022, therefore these accounts are for a longer period from 13 June 2022 to 30 June 2023. There is no comparative information since this is the first period of accounts.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

Period from
13.06.2022 to
30.06.2023
Number
Monthly average number of persons employed by the Company during the period, including directors 2

3. Debtors

30.06.2023
£
Trade debtors 1,225

4. Creditors: amounts falling due within one year

30.06.2023
£
Taxation and social security 912
Other creditors 1,239
2,151

5. Called-up share capital

30.06.2023
£
Allotted, called-up and fully-paid
2 Ordinary shares of £ 1.00 each 2

Two Ordinary shares of £1 each were issued on incorporation at par value.