Company Registration No. 09273642 (England and Wales)
South Wales Hardware Supplies Limited
Unaudited accounts
for the year ended 31 October 2023
South Wales Hardware Supplies Limited
Unaudited accounts
Contents
South Wales Hardware Supplies Limited
Company Information
for the year ended 31 October 2023
Director
Luke William Christopher
Company Number
09273642 (England and Wales)
Registered Office
Unit 11 Pwll Mawr Court
Wentloog Road
Rumney
Cardiff
CF3 1TH
Accountants
Insight Accountancy
Unit 16, Lamby Way Workshops
Lamby Way
Cardiff
CF3 2EQ
South Wales Hardware Supplies Limited
Statement of financial position
as at 31 October 2023
Tangible assets
18,000
25,001
Inventories
111,617
111,617
Cash at bank and in hand
37,858
46,423
Creditors: amounts falling due within one year
(289,995)
(325,520)
Net current assets
285,773
253,662
Total assets less current liabilities
303,773
278,663
Creditors: amounts falling due after more than one year
(433,131)
(366,742)
Net liabilities
(129,358)
(88,079)
Called up share capital
1
1
Profit and loss account
(129,359)
(88,080)
Shareholders' funds
(129,358)
(88,079)
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 17 July 2024 and were signed on its behalf by
Luke William Christopher
Director
Company Registration No. 09273642
South Wales Hardware Supplies Limited
Notes to the Accounts
for the year ended 31 October 2023
South Wales Hardware Supplies Limited is a private company, limited by shares, registered in England and Wales, registration number 09273642. The registered office is Unit 11 Pwll Mawr Court, Wentloog Road, Rumney, Cardiff, CF3 1TH.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Motor vehicles
20% Straight Line
Fixtures & fittings
20% Reducing Balance
Computer equipment
20% Reducing Balance
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2022
25,000
18,102
11,416
54,518
At 31 October 2023
25,000
18,102
11,416
54,518
At 1 November 2022
17,000
4,374
8,143
29,517
Charge for the year
3,600
2,746
655
7,001
At 31 October 2023
20,600
7,120
8,798
36,518
At 31 October 2023
4,400
10,982
2,618
18,000
At 31 October 2022
8,000
13,728
3,273
25,001
South Wales Hardware Supplies Limited
Notes to the Accounts
for the year ended 31 October 2023
Amounts falling due within one year
Trade debtors
421,731
419,938
Accrued income and prepayments
4,562
1,204
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
113,863
102,897
Loans from directors
226,176
280,489
7
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
376,267
309,878
8
Average number of employees
During the year the average number of employees was 8 (2022: 8).