1 July 2023 false No description of principal activity Taxfiler 2024.5 NI678524business:PrivateLimitedCompanyLtd2023-07-012024-06-30 NI6785242023-06-30 NI6785242023-07-012024-06-30 NI678524business:AuditExemptWithAccountantsReport2023-07-012024-06-30 NI678524business:FilletedAccounts2023-07-012024-06-30 NI6785242024-06-30 NI678524business:Director12023-07-012024-06-30 NI678524business:CompanySecretary12023-07-012024-06-30 NI678524business:RegisteredOffice2023-07-012024-06-30 NI6785242023-06-30 NI678524core:WithinOneYear2024-06-30 NI678524core:WithinOneYear2023-06-30 NI678524core:ShareCapitalcore:PreviouslyStatedAmount2024-06-30 NI678524core:ShareCapitalcore:PreviouslyStatedAmount2023-06-30 NI678524core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-06-30 NI678524core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-06-30 NI678524core:PreviouslyStatedAmount2024-06-30 NI678524core:PreviouslyStatedAmount2023-06-30 NI678524business:SmallEntities2023-07-012024-06-30 NI678524countries:NorthernIreland2023-07-012024-06-30 NI678524core:PlantMachinery2023-07-012024-06-30 NI678524core:PlantMachinery2023-06-30 NI678524core:PlantMachinery2024-06-30 NI6785242022-07-012023-06-30 iso4217:GBP xbrli:pure
Company Registration No. NI678524 (Northern Ireland)
SW Electrics (NI) Limited Unaudited accounts for the year ended 30 June 2024
SW Electrics (NI) Limited Unaudited accounts Contents
Page
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SW Electrics (NI) Limited Company Information for the year ended 30 June 2024
Director
Shane Woulahan
Secretary
Shane Woulahan
Company Number
NI678524 (Northern Ireland)
Registered Office
60 Gortnageeragh Road Ballymena Co Antrim BT43 7LL
Accountants
TAG Accountants (N.I.) Ltd 81a Galgorm Road Ballymena Co Antrim BT42 1AA
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SW Electrics (NI) Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
63,908 
19,045 
Current assets
Inventories
2,725 
2,500 
Debtors
16,938 
28,448 
Cash at bank and in hand
96,106 
53,593 
115,769 
84,541 
Creditors: amounts falling due within one year
(52,911)
(36,485)
Net current assets
62,858 
48,056 
Total assets less current liabilities
126,766 
67,101 
Provisions for liabilities
Deferred tax
(12,143)
(3,619)
Net assets
114,623 
63,482 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
114,523 
63,382 
Shareholders' funds
114,623 
63,482 
For the year ending 30 June 2024 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 9 August 2024 and were signed on its behalf by
Shane Woulahan Director Company Registration No. NI678524
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SW Electrics (NI) Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
SW Electrics (NI) Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI678524. The registered office is 60 Gortnageeragh Road, Ballymena, Co Antrim, BT43 7LL.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Plant & machinery
20% Reducing Balance
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 July 2023
28,508 
Additions
60,840 
At 30 June 2024
89,348 
Depreciation
At 1 July 2023
9,463 
Charge for the year
15,977 
At 30 June 2024
25,440 
Net book value
At 30 June 2024
63,908 
At 30 June 2023
19,045 
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SW Electrics (NI) Limited Notes to the Accounts for the year ended 30 June 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
3,593 
Trade debtors
14,484 
15,090 
Other debtors
2,454 
9,765 
16,938 
28,448 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
18,918 
- 
Obligations under finance leases and hire purchase contracts
783 
2,663 
Trade creditors
21,946 
17,997 
Taxes and social security
10,299 
13,979 
Loans from directors
(235)
(554)
Accruals
1,200 
2,400 
52,911 
36,485 
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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