1 November 2022 false No description of principal activity Taxfiler 2024.4 11648054business:PrivateLimitedCompanyLtd2022-11-012023-10-31 116480542022-10-31 116480542022-11-012023-10-31 11648054business:AuditExempt-NoAccountantsReport2022-11-012023-10-31 11648054business:FilletedAccounts2022-11-012023-10-31 116480542023-10-31 11648054business:Director12022-11-012023-10-31 11648054business:RegisteredOffice2022-11-012023-10-31 116480542022-10-31 11648054core:WithinOneYear2023-10-31 11648054core:WithinOneYear2022-10-31 11648054core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-10-31 11648054core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-10-31 11648054core:PreviouslyStatedAmount2023-10-31 11648054core:PreviouslyStatedAmount2022-10-31 11648054business:SmallEntities2022-11-012023-10-31 11648054countries:EnglandWales2022-11-012023-10-31 11648054core:FurnitureFittings2022-10-31 11648054core:FurnitureFittings2023-10-31 11648054core:FurnitureFittings2022-11-012023-10-31 116480542021-11-012022-10-31 iso4217:GBP xbrli:pure
Company Registration No. 11648054 (England and Wales)
SOUTHWEST INC LTD Unaudited accounts for the year ended 31 October 2023
SOUTHWEST INC LTD Unaudited accounts Contents
Page
- 2 -
SOUTHWEST INC LTD Company Information for the year ended 31 October 2023
Director
SOBOWALE, Tayo
Company Number
11648054 (England and Wales)
Registered Office
25 HIGH STREET LONDON SE20 7HJ UNITED KINGDOM
- 3 -
SOUTHWEST INC LTD Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
334 
450 
Current assets
Cash at bank and in hand
175 
640 
Creditors: amounts falling due within one year
(11,252)
(11,424)
Net current liabilities
(11,077)
(10,784)
Net liabilities
(10,743)
(10,334)
Capital and reserves
Profit and loss account
(10,743)
(10,334)
Shareholders' funds
(10,743)
(10,334)
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 July 2024 and were signed on its behalf by
SOBOWALE, Tayo Director Company Registration No. 11648054
- 4 -
SOUTHWEST INC LTD Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
SOUTHWEST INC LTD is a private company, limited by shares, registered in England and Wales, registration number 11648054. The registered office is 25 HIGH STREET, LONDON, SE20 7HJ, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 November 2022
450 
At 31 October 2023
450 
Depreciation
Charge for the year
116 
At 31 October 2023
116 
Net book value
At 31 October 2023
334 
At 31 October 2022
450 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,652 
10,924 
Accruals
600 
500 
11,252 
11,424 
6
Average number of employees
During the year the average number of employees was 0 (2022: 0).
- 5 -