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REGISTERED NUMBER: SC526784 (Scotland)












Financial Statements for the Year Ended 31 January 2024

for

SWY LOGISTICS LTD

SWY LOGISTICS LTD (REGISTERED NUMBER: SC526784)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SWY LOGISTICS LTD

Company Information
for the Year Ended 31 January 2024







DIRECTOR: S W Yeoman





REGISTERED OFFICE: 12 Traill Drive
Montrose
Angus
DD10 8SW





REGISTERED NUMBER: SC526784 (Scotland)





ACCOUNTANTS: Account Tax Ltd
Chartered Certified Accountants
12 Traill Drive
Montrose
Angus
DD10 8SW

SWY LOGISTICS LTD (REGISTERED NUMBER: SC526784)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,690 513

CURRENT ASSETS
Debtors 5 13,342 -
Cash at bank 106,494 94,855
119,836 94,855
CREDITORS
Amounts falling due within one year 6 25,630 15,518
NET CURRENT ASSETS 94,206 79,337
TOTAL ASSETS LESS CURRENT
LIABILITIES

95,896

79,850

CREDITORS
Amounts falling due after more than one
year

7

(13,704

)

(15,926

)

PROVISIONS FOR LIABILITIES (380 ) (97 )
NET ASSETS 81,812 63,827

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 81,811 63,826
SHAREHOLDERS' FUNDS 81,812 63,827

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

SWY LOGISTICS LTD (REGISTERED NUMBER: SC526784)

Balance Sheet - continued
31 January 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 March 2024 and were signed by:





S W Yeoman - Director


SWY LOGISTICS LTD (REGISTERED NUMBER: SC526784)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

SWY Logistics Ltd 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 material 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

SWY LOGISTICS LTD (REGISTERED NUMBER: SC526784)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 February 2023 576
Additions 1,685
At 31 January 2024 2,261
DEPRECIATION
At 1 February 2023 63
Charge for year 508
At 31 January 2024 571
NET BOOK VALUE
At 31 January 2024 1,690
At 31 January 2023 513

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 13,309 -
Other debtors 33 -
13,342 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 2,222 2,222
Taxation and social security 22,408 10,580
Other creditors 1,000 2,716
25,630 15,518

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 13,704 15,926

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £61,513 (2023 - £44,500) were paid to the director .

SWY LOGISTICS LTD (REGISTERED NUMBER: SC526784)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

8. RELATED PARTY DISCLOSURES - continued

The company was under the control of S W Yeoman, the director, throughout the current and previous year.