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Registered number: 13231007
Sw Transport Services Ltd
Unaudited Financial Statements
For the Period 29 February 2024 to 30 April 2024
Allen Accountancy
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13231007
30 April 2024 28 February 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 13,750 13,750
13,750 13,750
CURRENT ASSETS
Cash at bank and in hand 3 472
3 472
Creditors: Amounts Falling Due Within One Year 5 (22,293 ) (11,237 )
NET CURRENT ASSETS (LIABILITIES) (22,290 ) (10,765 )
TOTAL ASSETS LESS CURRENT LIABILITIES (8,540 ) 2,985
Creditors: Amounts Falling Due After More Than One Year 6 - (11,670 )
NET LIABILITIES (8,540 ) (8,685 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (8,541 ) (8,686 )
SHAREHOLDERS' FUNDS (8,540) (8,685)
Page 1
Page 2
For the period ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Shane Willetts
Director
05/08/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Sw Transport Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13231007 . The registered office is 15 Pine Close, Summerhill, Wrexham, LL11 4UG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% straight line basis
Fixtures & Fittings 25% straight line basis
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1 (2024: 1)
1 1
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 29 February 2024 27,000 500 27,500
As at 30 April 2024 27,000 500 27,500
Depreciation
As at 29 February 2024 13,500 250 13,750
As at 30 April 2024 13,500 250 13,750
...CONTINUED
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Page 4
Net Book Value
As at 30 April 2024 13,500 250 13,750
As at 29 February 2024 13,500 250 13,750
5. Creditors: Amounts Falling Due Within One Year
30 April 2024 28 February 2024
£ £
Net obligations under finance lease and hire purchase contracts 3,700 4,638
Trade creditors - 1
Accruals and deferred income 670 510
Director's loan account 17,923 6,088
22,293 11,237
6. Creditors: Amounts Falling Due After More Than One Year
30 April 2024 28 February 2024
£ £
Net obligations under finance lease and hire purchase contracts - 11,670
7. Obligations Under Finance Leases and Hire Purchase
30 April 2024 28 February 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 3,700 4,638
Later than one year and not later than five years - 11,670
3,700 16,308
3,700 16,308
8. Share Capital
30 April 2024 28 February 2024
£ £
Allotted, Called up and fully paid 1 1
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