Company Registration No. 12264419 (England and Wales)
S.W. Pallets LIMITED
Unaudited accounts
for the year ended 31 October 2023
S.W. Pallets LIMITED
Unaudited accounts
Contents
S.W. Pallets LIMITED
Company Information
for the year ended 31 October 2023
Company Number
12264419 (England and Wales)
Registered Office
14 Kings Road
Shaw
Oldham
Lancashire
OL2 7BJ
United Kingdom
Accountants
Adam Booth
14 Kings Road
Shaw
OLDHAM
Lancashire
OL2 7BJ
S.W. Pallets LIMITED
Statement of financial position
as at 31 October 2023
Intangible assets
6,000
7,000
Tangible assets
6,507
8,135
Cash at bank and in hand
424
401
Creditors: amounts falling due within one year
(28,945)
(31,195)
Net current assets
52,436
24,208
Total assets less current liabilities
64,943
39,343
Creditors: amounts falling due after more than one year
(46,162)
(17,065)
Provisions for liabilities
Deferred tax
(1,236)
(1,545)
Called up share capital
10
10
Profit and loss account
17,535
20,723
Shareholders' funds
17,545
20,733
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 31 July 2024 and were signed on its behalf by
Mr Simon Wroe
Director
Company Registration No. 12264419
S.W. Pallets LIMITED
Notes to the Accounts
for the year ended 31 October 2023
S.W. Pallets LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12264419. The registered office is 14 Kings Road, Shaw, Oldham, Lancashire, OL2 7BJ, 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.
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% net book value
Computer equipment
20% net book value
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
S.W. Pallets LIMITED
Notes to the Accounts
for the year ended 31 October 2023
5
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 November 2022
14,995
746
15,741
At 31 October 2023
14,995
746
15,741
At 1 November 2022
7,317
289
7,606
Charge for the year
1,536
92
1,628
At 31 October 2023
8,853
381
9,234
At 31 October 2023
6,142
365
6,507
At 31 October 2022
7,678
457
8,135
Amounts falling due within one year
Accrued income and prepayments
297
531
Amounts falling due after more than one year
Other debtors
80,801
54,553
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
3,939
17,803
Taxes and social security
6,548
5,957
Other creditors
3,458
3,869
8
Creditors: amounts falling due after more than one year
2023
2022
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).