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REGISTERED NUMBER: 09570103 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 April 2024

for

SWJ Construction Ltd

SWJ Construction Ltd (Registered number: 09570103)

Contents of the Financial Statements
for the Year Ended 30 April 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


SWJ Construction Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTOR: S W Jones





REGISTERED OFFICE: 4 Arrowhead Close
Gloucester
Gloucestershire
GL4 6YH





REGISTERED NUMBER: 09570103 (England and Wales)





ACCOUNTANTS: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
Gloucestershire
GL3 3RS

SWJ Construction Ltd (Registered number: 09570103)

Statement of Financial Position
30 April 2024

30/4/24 30/4/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,580 3,580
Tangible assets 5 9,721 10,983
13,301 14,563

CURRENT ASSETS
Debtors 6 33,421 12,911
Cash at bank 17,431 32,769
50,852 45,680
CREDITORS
Amounts falling due within one year 7 203,634 195,765
NET CURRENT LIABILITIES (152,782 ) (150,085 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(139,481

)

(135,522

)

CREDITORS
Amounts falling due after more than one
year

8

11,667

21,667
NET LIABILITIES (151,148 ) (157,189 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (151,248 ) (157,289 )
SHAREHOLDERS' FUNDS (151,148 ) (157,189 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

SWJ Construction Ltd (Registered number: 09570103)

Statement of Financial Position - continued
30 April 2024


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 15 August 2024 and were signed by:





S W Jones - Director


SWJ Construction Ltd (Registered number: 09570103)

Notes to the Financial Statements
for the Year Ended 30 April 2024


1. STATUTORY INFORMATION

SWJ Construction 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

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 reducing balance
Fixtures and fittings - 33% on cost

Taxation
Taxation for the year comprises current 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 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 statement of financial position date.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern
There was a net deficiency of assets of £151,148 (2023 - £157,189) at the balance sheet date, however the director has confirmed continued support and considers the company retains sufficient working capital to continue trading for the foreseeable future.

SWJ Construction Ltd (Registered number: 09570103)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
Cost
At 1 May 2023
and 30 April 2024 3,580
Net book value
At 30 April 2024 3,580
At 30 April 2023 3,580

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
Cost
At 1 May 2023 65,819 5,208 71,027
Additions 487 1,259 1,746
Disposals - (1,041 ) (1,041 )
At 30 April 2024 66,306 5,426 71,732
Depreciation
At 1 May 2023 55,006 5,038 60,044
Charge for year 2,504 504 3,008
Eliminated on disposal - (1,041 ) (1,041 )
At 30 April 2024 57,510 4,501 62,011
Net book value
At 30 April 2024 8,796 925 9,721
At 30 April 2023 10,813 170 10,983

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Trade debtors 12,700 2,355
Other debtors 20,721 10,556
33,421 12,911

SWJ Construction Ltd (Registered number: 09570103)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Bank loans and overdrafts 10,000 13,596
Trade creditors 19,698 26,211
Taxation and social security 6,035 3,925
Other creditors 167,901 152,033
203,634 195,765

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/4/24 30/4/23
£    £   
Bank loans 11,667 21,667

9. RELATED PARTY DISCLOSURES

At 30 April 2024, the company owed the director S W Jones £164,528 (2023 - £150,654). The balance owed, included within other creditors, is made of business expenses and monies introduced by the director not yet reimbursed. The loan balance is repayable to the director with in one year.