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REGISTERED NUMBER: 01376537 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

SW1 LIGHTING & ELECTRICAL LIMITED

SW1 LIGHTING & ELECTRICAL LIMITED (REGISTERED NUMBER: 01376537)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Balance Sheet 1

Notes to the Financial Statements 2


SW1 LIGHTING & ELECTRICAL LIMITED (REGISTERED NUMBER: 01376537)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 396,955 383,160

CURRENT ASSETS
Debtors 5 542,311 347,781
Cash at bank 282,634 365,526
824,945 713,307
CREDITORS
Amounts falling due within one year 6 (152,899 ) (147,182 )
NET CURRENT ASSETS 672,046 566,125
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,069,001

949,285

CREDITORS
Amounts falling due after more than one
year

7

(10,252

)

(7,896

)

PROVISIONS FOR LIABILITIES (30,000 ) (26,552 )
NET ASSETS 1,028,749 914,837

CAPITAL AND RESERVES
Called up share capital 5,000 5,000
Revaluation reserve 171,490 171,490
Retained earnings 852,259 738,347
SHAREHOLDERS' FUNDS 1,028,749 914,837

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 August 2024 and were signed by:





P C Beecroft - Director


SW1 LIGHTING & ELECTRICAL LIMITED (REGISTERED NUMBER: 01376537)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

SW1 Lighting & Electrical Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 01376537

Registered office: 14 Smiths Yard
Summerley Street
Earlsfield
London
SW18 4HR

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

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 the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - not provided
Plant and machinery - 25% straight line
Motor vehicles - 25% on reducing balance
Computer equipment - 33.3% straight line

Freehold property have been recognised at fair value, according to the most recent valuation. Any aggregate or deficit arising as from changes in fair value is recognised in profit and loss.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

SW1 LIGHTING & ELECTRICAL LIMITED (REGISTERED NUMBER: 01376537)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 360,000 6,844 32,938 4,569 404,351
Additions - - 19,659 925 20,584
At 31 March 2024 360,000 6,844 52,597 5,494 424,935
DEPRECIATION
At 1 April 2023 - 6,844 9,778 4,569 21,191
Charge for year - - 6,609 180 6,789
At 31 March 2024 - 6,844 16,387 4,749 27,980
NET BOOK VALUE
At 31 March 2024 360,000 - 36,210 745 396,955
At 31 March 2023 360,000 - 23,160 - 383,160


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 182,034 119,624
Other debtors 360,277 228,157
542,311 347,781

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Finance leases 13,210 9,822
Trade creditors 20,429 27,310
Taxation and social security 103,596 104,440
Other creditors 15,664 5,610
152,899 147,182

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Finance leases 10,252 7,896

8. OTHER FINANCIAL COMMITMENTS

As at the balance sheet date the company had remaining financial commitments on non cancellable leases of £11,128 (2023 £19,475).

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at the balance sheet date the director owed the company £0 (2023 £8,837). The loan is repayable on demand.