IRIS Accounts Production v24.1.9.2 13701326 director 1.11.22 31.10.23 31.10.23 Other Building Completion And Finishing false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh137013262022-10-31137013262023-10-31137013262022-11-012023-10-31137013262021-10-24137013262021-10-252022-10-31137013262022-10-3113701326ns15:EnglandWales2022-11-012023-10-3113701326ns14:PoundSterling2022-11-012023-10-3113701326ns10:Director12022-11-012023-10-3113701326ns10:PrivateLimitedCompanyLtd2022-11-012023-10-3113701326ns10:SmallEntities2022-11-012023-10-3113701326ns10:AuditExemptWithAccountantsReport2022-11-012023-10-3113701326ns10:SmallCompaniesRegimeForDirectorsReport2022-11-012023-10-3113701326ns10:SmallCompaniesRegimeForAccounts2022-11-012023-10-3113701326ns10:FullAccounts2022-11-012023-10-3113701326ns10:OrdinaryShareClass12022-11-012023-10-3113701326ns10:RegisteredOffice2022-11-012023-10-3113701326ns5:CurrentFinancialInstruments2023-10-3113701326ns5:CurrentFinancialInstruments2022-10-3113701326ns5:Non-currentFinancialInstruments2023-10-3113701326ns5:Non-currentFinancialInstruments2022-10-3113701326ns5:ShareCapital2023-10-3113701326ns5:ShareCapital2022-10-3113701326ns5:RetainedEarningsAccumulatedLosses2023-10-3113701326ns5:RetainedEarningsAccumulatedLosses2022-10-3113701326ns5:ShareCapital2021-10-252022-10-3113701326ns5:RetainedEarningsAccumulatedLosses2021-10-252022-10-3113701326ns5:RetainedEarningsAccumulatedLosses2022-11-012023-10-3113701326ns5:PlantMachinery2022-11-012023-10-3113701326ns5:MotorVehicles2022-11-012023-10-3113701326ns5:ComputerEquipment2022-11-012023-10-3113701326ns5:PlantMachinery2022-10-3113701326ns5:MotorVehicles2022-10-3113701326ns5:ComputerEquipment2022-10-3113701326ns5:PlantMachinery2023-10-3113701326ns5:MotorVehicles2023-10-3113701326ns5:ComputerEquipment2023-10-3113701326ns5:PlantMachinery2022-10-3113701326ns5:MotorVehicles2022-10-3113701326ns5:ComputerEquipment2022-10-3113701326ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-10-3113701326ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-10-3113701326ns5:DeferredTaxation2022-10-3113701326ns5:DeferredTaxation2023-10-3113701326ns10:OrdinaryShareClass12023-10-31
REGISTERED NUMBER: 13701326 (England and Wales)















Report of the Director and

Unaudited Financial Statements for the Year Ended 31 October 2023

for

SOUTH WEST BUILDING & REFURBISHMENTS LTD

SOUTH WEST BUILDING & REFURBISHMENTS LTD (REGISTERED NUMBER: 13701326)






Contents of the Financial Statements
for the year ended 31 October 2023




Page

Company Information 1

Report of the Director 2

Chartered Accountants' Report 3

Income Statement 4

Balance Sheet 5

Statement of Changes in Equity 7

Notes to the Financial Statements 8


SOUTH WEST BUILDING & REFURBISHMENTS LTD

Company Information
for the year ended 31 October 2023







DIRECTOR: J P Wicks





REGISTERED OFFICE: 11 Laura Place
Bath
BA2 4BL





REGISTERED NUMBER: 13701326 (England and Wales)





ACCOUNTANTS: Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL

SOUTH WEST BUILDING & REFURBISHMENTS LTD (REGISTERED NUMBER: 13701326)

Report of the Director
for the year ended 31 October 2023

The director presents his report with the financial statements of the company for the year ended 31 October 2023.

DIRECTOR
J P Wicks held office during the whole of the period from 1 November 2022 to the date of this report.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES
The director is responsible for preparing the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





J P Wicks - Director


29 July 2024

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
South West Building & Refurbishments Ltd


In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of South West Building & Refurbishments Ltd for the year ended 31 October 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of South West Building & Refurbishments Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of South West Building & Refurbishments Ltd and state those matters that we have agreed to state to the director of South West Building & Refurbishments Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than South West Building & Refurbishments Ltd and its director for our work or for this report.

It is your duty to ensure that South West Building & Refurbishments Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of South West Building & Refurbishments Ltd. You consider that South West Building & Refurbishments Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of South West Building & Refurbishments Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL


30 July 2024

SOUTH WEST BUILDING & REFURBISHMENTS LTD (REGISTERED NUMBER: 13701326)

Income Statement
for the year ended 31 October 2023

Period
25.10.21
Year Ended to
31.10.23 31.10.22
Notes £    £   

TURNOVER 241,280 224,083

Cost of sales 191,779 180,927
GROSS PROFIT 49,501 43,156

Administrative expenses 44,451 16,139
OPERATING PROFIT 5,050 27,017


Interest payable and similar expenses 142 -
PROFIT BEFORE TAXATION 4,908 27,017

Tax on profit 4 (1,043 ) 5,242
PROFIT FOR THE FINANCIAL YEAR 5,951 21,775

SOUTH WEST BUILDING & REFURBISHMENTS LTD (REGISTERED NUMBER: 13701326)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 22,721 5,851

CURRENT ASSETS
Stocks 2,734 -
Debtors 6 15,423 16,321
Cash at bank and in hand 1,080 4,687
19,237 21,008
CREDITORS
Amounts falling due within one year 7 23,487 18,035
NET CURRENT (LIABILITIES)/ASSETS (4,250 ) 2,973
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,471

8,824

CREDITORS
Amounts falling due after more than one
year

8

(9,583

)

-

PROVISIONS FOR LIABILITIES 9 (2,161 ) (1,048 )
NET ASSETS 6,727 7,776

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 6,726 7,775
SHAREHOLDERS' FUNDS 6,727 7,776

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 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.

SOUTH WEST BUILDING & REFURBISHMENTS LTD (REGISTERED NUMBER: 13701326)

Balance Sheet - continued
31 October 2023


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 29 July 2024 and were signed by:





J P Wicks - Director


SOUTH WEST BUILDING & REFURBISHMENTS LTD (REGISTERED NUMBER: 13701326)

Statement of Changes in Equity
for the year ended 31 October 2023

Called up
share Retained Total
capital earnings equity
£    £    £   

Changes in equity
Issue of share capital 1 - 1
Dividends - (14,000 ) (14,000 )
Total comprehensive income - 21,775 21,775
Balance at 31 October 2022 1 7,775 7,776

Changes in equity
Dividends - (7,000 ) (7,000 )
Total comprehensive income - 5,951 5,951
Balance at 31 October 2023 1 6,726 6,727

SOUTH WEST BUILDING & REFURBISHMENTS LTD (REGISTERED NUMBER: 13701326)

Notes to the Financial Statements
for the year ended 31 October 2023

1. STATUTORY INFORMATION

South West Building & Refurbishments Ltd is a private company, limited by shares , registered in England and Wales. 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 - 20% on cost
Motor vehicles - 20% on cost
Office equipment - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

SOUTH WEST BUILDING & REFURBISHMENTS LTD (REGISTERED NUMBER: 13701326)

Notes to the Financial Statements - continued
for the year ended 31 October 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, loans from banks and other third parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Critical accounting estimates and uncertainties
No significant judgements or key assumptions have had to be made by directors in preparing these financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TAXATION

Analysis of the tax (credit)/charge
The tax (credit)/charge on the profit for the year was as follows:
Period
25.10.21
Year Ended to
31.10.23 31.10.22
£    £   
Current tax:
UK corporation tax (2,156 ) 4,194

Deferred tax 1,113 1,048
Tax on profit (1,043 ) 5,242

SOUTH WEST BUILDING & REFURBISHMENTS LTD (REGISTERED NUMBER: 13701326)

Notes to the Financial Statements - continued
for the year ended 31 October 2023

5. TANGIBLE FIXED ASSETS
Plant and Motor Office
Machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2022 - 6,500 842 7,342
Additions 583 23,995 169 24,747
Disposals - (6,500 ) - (6,500 )
At 31 October 2023 583 23,995 1,011 25,589
DEPRECIATION
At 1 November 2022 - 1,300 191 1,491
Charge for year 117 2,358 202 2,677
Eliminated on disposal - (1,300 ) - (1,300 )
At 31 October 2023 117 2,358 393 2,868
NET BOOK VALUE
At 31 October 2023 466 21,637 618 22,721
At 31 October 2022 - 5,200 651 5,851

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 9,212 11,473
Other debtors 6,211 4,848
15,423 16,321

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 2,500 -
Trade creditors 13,239 2,557
Taxation and social security 3,403 13,682
Other creditors 4,345 1,796
23,487 18,035

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 9,583 -

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 2,161 1,048

SOUTH WEST BUILDING & REFURBISHMENTS LTD (REGISTERED NUMBER: 13701326)

Notes to the Financial Statements - continued
for the year ended 31 October 2023

9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 November 2022 1,048
Accelerated capital allowances 3,269
Tax losses (2,156 )
Balance at 31 October 2023 2,161

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the director owed the company £5,652 (2022: The company owed the director £96). During the year the director took advances of £42,386 and made repayments of £36,638.